Becoming a Millionaire: A Guide for when SHIB Hits $0.01

• Shiba Inu (SHIB): A Prospective Pathway to Wealth for Investors
• The Performance of Shiba Inu (SHIB) in 2023
• The One-Cent Dream among Shiba Inu (SHIB) Investors
• What an Investor Needs to Become a Millionaire at $0.01
• How Shiba Inu (SHIB) Can Reach The $0.01 Price Level

Shiba Inu (SHIB): A Prospective Pathway to Wealth for Investors

For numerous early investors, Shiba Inu$0.000010 -2.05% (SHIB) has provided a golden opportunity for wealth creation, with some even entering the billionaire club. However, there has been a rising sentiment among new entrants that they might have missed the golden chance with SHIB. Despite its impressive layer-2 network launch earlier this year, SHIB's performance has been somewhat subdued in 2023. This has seen SHIB and other memecoins like Dogecoin$0.091 -0.42% (DOGE) pushed to the periphery.

The Performance of Shiba Inu (SHIB) in 2023

Since the start of the year, SHIB has posted a modest 1.4% gain, which pales in comparison to other cryptocurrencies like Bitcoin$42,260 -0.64% (BTC) and Solana$104 5.03% (SOL) that have soared by over 100% and 500%, respectively.

The One-Cent Dream among Shiba Inu (SHIB) Investors

Despite the subdued performance, the allure of SHIB reaching the $0.01 price point, known as the one-cent dream, still resonates with its investors and fans. Should SHIB attain this level, new holders stand a chance to attain millionaire status.

What an Investor Needs to Become a Millionaire at $0.01

To be a millionaire at this price level, one would need to hold 100,000,000 SHIB tokens. At the current price, this amounts to about $822. If this price level is achieved, the portfolio would expand by an astronomical 121,554%.

How Shiba Inu (SHIB) Can Reach The $0.01 Price Level

However, the million-dollar question is how SHIB can achieve this price point. First off, there would need to be a reduction in supply. The current circulation of approximately 589 trillion SHIB tokens would result in an implausibly large market cap at $0.01. A burn equivalent to the magnitude of the 2021 burn by Vitalik Buterin is required, in which 90% of his half supply was eliminated. This played a critical role in SHIB's 2021 rally.

Secondly, there needs to be an increase in demand. The Shibarium network could potentially offer more real-world use cases for SHIB, driving increased adoption. A combination of increased demand and reduced supply could propel SHIB to its prized $0.01 goal.

Edited by Jonathan Stoker