Calculating Shiba Inu Holdings Needed to Reach $10M at $0.1 Value

Jonathan Stoker Feb 04, 2024, 17:50pm 301 views

Calculating Shiba Inu Holdings Needed to Reach $10M at $0.1 Value

Potential Profits from Shiba Inu (SHIB) Investment

The meme cryptocurrency, Shiba InuShiba Inu$0.000010 -2.05% (SHIB), is known for turning early investors into multi-millionaires. In fact, an investment of merely $6,200 could have yielded over $1 billion. While some believe that the time to invest in SHIB has passed, others remain hopeful about the potential for significant profits. Followers of the cryptocurrency, commonly referred to as the SHIB Army, are keen to witness the coin hitting the "one-cent dream."

The Potential Growth of Shiba Inu (SHIB)

Should Shiba Inu (SHIB) see a surge in its price to $0.1, it would mean a growth of approximately 1,109,408.49% (1.1 million percent), which could result in numerous investors becoming multi-millionaires. To attain a net worth of one million dollars if SHIB hits $0.10, one would require 10,000,000 tokens (10 million). Currently, the cost of acquiring 10 million tokens is approximately $90.7. Transforming less than $100 into $1 million could prove to be one of the most successful trades in history.

The Future Growth Trajectory of Shiba Inu (SHIB)

A growth trajectory of one million percent may take a considerable amount of time to achieve. However, Shiba Inu (SHIB) has accomplished this before. During its first year, SHIB's price experienced a rally of many million percent, reaching an all-time high of $0.00008616. Hence, there is a possibility of SHIB replicating its 2020-2021 rally.

According to the service Changelly, Shiba Inu (SHIB) may reach the $0.10 level sometime post-2050, roughly 26 years from now. Telegaon, another service, predicts SHIB reaching $0.10 between the years 2040 and 2050. Either projection would call for a long wait for investors if they prove accurate.

The effect of Token Burns on Shiba Inu's (SHIB) Value

During SHIB's rally in 2020-2021, almost half of its supply was burned by EthereumEthereum$2,315 -2.42%'s co-founder, Vitalik Buterin. Buterin, who had received half of the SHIB supply upon launch, chose to burn 90% of his tokens. A similar burn in the future could potentially drive a rally of over one million percent. The SHIB team is working towards implementing a new burn mechanism, which could potentially burn trillions of tokens annually. This new mechanism could expedite SHIB's journey to the $0.10 target, much earlier than anticipated.

Edited by Jonathan Stoker

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