Here’s How High Shiba Inu Must Rise to Turn $100 Into $1M

Shiba Inu investors could see their $100 SHIB investment skyrocket to $1 million if the price surges to historic levels.

Over the years, crypto assets like Shiba Inu have established themselves as suitable investment vehicles for investors seeking to turn meager capital like $100 into life-changing gains of up to $1 million. It is worth mentioning that Shiba Inu helped many investors achieve this milestone in the 2021 market cycle. 

While it remains unclear whether SHIB can replicate this performance, this article estimated the growth rate needed to transform a meager $100 investment into $1 million. 

Shiba Inu Recent Performance

For context, Shiba Inu is trading at $0.00001385 after its price dropped by 0.98% in the past day. Despite the slight dip, Shiba Inu retains most of its gains from last week, up 10.31%.

Having retained most of its gains, Shiba Inu ranks 17th in the global crypto market-cap rankings, unchanged from last week. At press time, its market valuation was $8.15 billion. 

Growth Needed to Turn $100 into $1M

With a capital of $100, an investor can procure 7.22 million SHIB tokens at the current price of $0.00001385. As of mid-April, about 325,000 on-chain addresses held at least $100 worth of SHIB tokens, according to data from IntoTheBlock.

This portfolio of 7.22 million SHIB worth $100 could reach a target of $1 million if the price of SHIB rises to $0.1385 per token. 

Hitting the $1 million goal with an initial investment of $100 requires the price of SHIB to surge by 999,900% from its current value to $0.1385. If SHIB ever clinches the $0.1385 target, early investors who scooped up $100 worth of SHIB at the current price would see an ROI of $999,900. 

Can SHIB Hit a Price of $0.1385? 

The $0.1385 projection surpasses most of the targets set for Shiba Inu, including the highly ambitious one-cent dream. Reaching the $0.1385 target would push Shiba Inu’s market cap to $81.61 trillion, assuming SHIB’s circulating supply remains constant at 589.25 trillion tokens. 

Such a high valuation exceeds the current market cap of major global assets like gold, Bitcoin, and silver. With its current supply, SHIB will unlikely clinch the $0.1385 target. 

Therefore, a considerable chunk of Shiba Inu tokens must be destroyed to enable SHIB to clinch the $0.1385 target without its market cap soaring to $81.61 trillion.

In a hypothetical scenario where Shiba Inu’s supply drops to 10 trillion tokens and its price hits $0.1385, Shiba Inu’s market cap would soar to a realistic target of $1.38 trillion. 

SHIB to $0.13 Prediction 

Meanwhile, several analysts still believe SHIB can reach the $0.1385 target in its lifetime. Earlier this year, The Crypto Basic estimated that SHIB’s price could soar to the $0.13 mark if it repeats its 2021 history and soars 884,400% from $0.00001520–its price at the time of the report. 

Also, Shiba Inu’s marketing lead thinks it is possible that SHIB could soar past the $0.13 price to loftier targets like $1. Additionally, the leading AI chatbot, ChatGPT, projects that SHIB will soar close to the $0.13 target by 2029, four years from now. 

Notably, top prediction platform Telegaon provided a specific timeline for when the $0.13 target might materialize. According to Telegaon, SHIB will hit the $0.13 mark between 2041 and 2049.