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Following Shiba Inu’s recent price plunge, we’ve outlined the amount of SHIB investors must hold to make $1 million if the price soars to $0.00003, $0.0003, or $0.003, respectively.
Since Shiba Inu surged to around $0.000045 in March 2024, it has been on a downward trajectory. On July 5, the token plunged below $0.000013 for the first time in four months.
Although SHIB has surged 16.41% over the past 24 hours to $0.00001545, it is still down 65.66% since its March peak of nearly $0.000045.
While many investors have been left devastated by Shiba Inu’s recent dip, others see the price plunge as an opportunity to scoop the token for a discount. Most of these investors aim to turn their meager investment in Shiba Inu to a minimum of $1 million.
These investors are optimistic about becoming millionaires if SHIB potentially surges to lofty targets like $0.00003, $0.0003, and $0.003.
Therefore, we’ve analyzed how many SHIB tokens you need to acquire today to make a $1 million return if SHIB eventually hits the $0.00003, $0.0003, and $0.003 targets.
SHIB Needed to Make $1M If Price Hits $0.00003
Notably, Shiba Inu must surge 94.17% from its current price to hit the $0.00003 target. That said, becoming a millionaire if SHIB surges to $0.00003 requires an investor to hold 33,333,333,333 (33.33 billion) SHIB until the price target materializes.
The good news is that investors can scoop the token at a discounted price, thanks to Shiba Inu’s recent decline. At the current price of $0.00001545, an investor can acquire the 33.33 billion tokens at $515,000.
If SHIB eventually hits $0.00003, these 33.33 billion tokens acquired with $515,000 today would be worth $1 million.
SHIB Needed to Make $1M If Price Hits $0.0003
Hitting the $0.0003 target calls for a surge of 1,841.74% from the current level. Since the $0.0003 target mandates a hefty surge, investors require fewer tokens to attain millionaire status if the prediction comes true.
To make $1 million if SHIB’s price reaches $0.0003, an investor would require 3,333,333,333 (3.33 billion) tokens. At the current price, these tokens cost $51,500. Therefore, an investment of $51,500 in Shiba Inu today would be worth $1 million if the price surges to $0.0003.
Amount of SHIB Needed to Become a Millionaire If Price Reaches $0.003
The $0.003 target is more ambitious and requires a surge of 19,317.48% from the current price. To become a millionaire at a price of $0.003 per token, an investor must hold 333,333,333 (333.33 million) SHIB.
With SHIB currently trading at $0.00001545, the 333.33 million tokens cost $5,150. Notably, 333.33 million SHIB tokens acquired at $5,150 today are required to become a millionaire if the price surges to $0.003.
While the above projections look enticing, it is essential to recognize the inherent uncertainty in the crypto space. Shiba Inu is not guaranteed to hit any of the price targets anytime soon.
Nonetheless, Shiba Inu is no stranger to recording substantial price gains. The token demonstrated its prowess in the 2020/2021 market cycle when it surged from $0.00000000008165 on September 1, 2020, to an all-time high of $0.00008845 on October 28, 2021.