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As experts project that Shiba Inu will reclaim its ATH this season, here is the amount of SHIB you need to hold to see a return of $1M if the prediction materializes.
Some investors dream of becoming millionaires in USD through investments in digital assets like Shiba Inu (SHIB).
However, things are not looking good for SHIB and other tokens due to the ongoing bloodbath across the broader market.
Data from CoinMarketCap shows that SHIB trades for $0.00002210, representing a daily decline of 1.26% and a 7-day loss of 13.8%. At the current price, SHIB is down 75% from its ATH of $0.00008845 recorded on October 28, 2021.
Despite the downtrend, several crypto experts are confident that Shiba Inu will embark on a recovery and potentially reclaim its ATH price. Javon Marks is one of the top analysts who share this sentiment.
How Much SHIB Needed to Make $1M If Shiba Inu Reaches ATH
That said, we’ve highlighted how much Shiba Inu you need to make a return of $1M if SHIB eventually reclaims its previous ATH.
Making $1M when Shiba Inu reclaims its ATH price of $0.00008845 would require an investor to hold 11,305,822,498 (11.3B) SHIB. The upside of the recent market downturn is that you can purchase these tokens for a discount.
Procuring the 11,305,822,498.586 SHIB tokens at the current price of $0.00002210 would require an initial investment of $249,858. The potential return on investment (ROI) stands impressively at 300.2%.
Can Shiba Inu Reclaim Its ATH
Multiple experts project that Shiba Inu will reclaim and even surpass its all-time high in the current bull cycle. The major question is whether SHIB can accomplish this milestone.
Interestingly, the community remains confident in Shiba Inu’s prowess, emphasizing that SHIB can easily recapture its previous ATH in the current cycle. This confidence stems from Shiba Inu’s potential for astronomical gains, as seen in 2021.
Additionally, community members believe that Shiba Inu ecosystem projects, including Shibarium and the upcoming play-to-earn version of the Shiba Eternity game, could contribute to helping SHIB reclaim its ATH price.
Furthermore, the impact of the ongoing burn campaign on SHIB’s price cannot be overemphasized. Notably, the burn campaign recently gained momentum, with the community incinerating over 232M SHIB in the past day.
Although it is commendable that the community remains confident about SHIB reclaiming its previous ATH, it is crucial to acknowledge the unpredictable nature of the crypto market. Consequently, it is uncertain that Shiba Inu could reach this price.