Investors holding 1 billion Shiba Inu tokens could rake in substantial returns if the meme coin ever recovered its all-time high price.
Shiba Inu (SHIB) has often followed the direction of the broader crypto market, having recently recovered to the $0.000017 price level before facing a pullback amid a broader market correction. As a result, SHIB is down 4.75% this week but is maintaining an impressive 14.39% gain in May.
With Shiba Inu currently trading for $0.00001513, it has vehemently defended the $0.00001 psychological price mark throughout this year despite the consistent bearish pressure that came up from January to March, leading to losses of over 48%.
Analysts Predict Shiba Inu to Recover ATH
As SHIB holds above $0.00001, predictions of a possible price push toward greater levels have emerged, with a rally to the 2021 all-time high often featured in these projections. For context, Shiba Inu attained its all-time high above $0.000088 in October 2021 during the previous cycle’s bull run.
Since then, the meme coin has continued to trade below this mark, with its most prominent recovery in March 2024 only leading to $0.00004563, requiring a 92% further increase to the ATH at the time. Now, SHIB has relinquished the $0.00004, $0.00003 and $0.00001 psychological levels, with a more substantial upsurge necessary to reclaim the ATH.
Despite this, most analysts are confident in the asset’s potential to recover the ATH price. For instance, market watcher “Real CryptoRoy” predicted earlier this year that Shiba Inu could be on track to hit its ATH. Last December, pundit CryptoSheriff also suggested SHIB would break its ATH in this cycle.
Amid these bullish projections, Shiba Inu wallets holding at least 1 billion SHIB have continued to accumulate more tokens, albeit at a slow pace. Specifically, wallets holding between 1 billion and 100 trillion SHIB held 559.33 trillion tokens at the start of this year. Today, they hold 560.07 trillion, indicating a mild increase of 740 billion tokens.
How Much Will 1B SHIB be Worth at ATH?
This accumulation push is an attempt by these investors to capitalize on any price spike, especially as analysts eye the all-time high. However, should Shiba Inu ever reclaim its peak price, what would the return on investment (ROI) be like for investors holding 1 billion SHIB tokens.
Today, an investor looking to amass these 1 billion tokens would need to spend $15,130 at the current price. However, should Shiba Inu reach the all-time high of $0.000088, these 1 billion tokens would be worth about $88,000. This represents an ROI of 481%, translating to returns amounting to above $72,000.
Interestingly, crypto exchange Changelly analysts believe this all-time high price will only materialize in 2029, four years from now. However, the crypto prediction platform Telegaon is more bullish. Analysts at Telegaon expect Shiba Inu to claim its all-time high next year.
DisClamier: This content is informational and should not be considered financial advice. The views expressed in this article may include the author's personal opinions and do not reflect The Crypto Basic opinion. Readers are encouraged to do thorough research before making any investment decisions. The Crypto Basic is not responsible for any financial losses.
