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People holding 5 million, 10 million, or 30 million Shiba Inu today could see their financial status change if SHIB hits $1 as this top exchange project.
Despite the relief rally across the market, Shiba Inu has continued to trade around the $0.000013 territory. Currently, Shiba Inu changes hands at $0.00001373, representing a slight increase of 1.47% in the past 24 hours. At the moment, Shiba Inu is down 69.48% from its yearly peak price of $0.000045, attained on March 5.
CoinW Hints at Shiba Inu’s Potential Surge to $1
However, many investors believe in Shiba Inu’s prospects amid the numerous bullish projections around its price action. Notably, leading crypto exchange CoinW made one of the most daring predictions.
As reported earlier, CoinW hinted that Shiba Inu could surge to $1. The exchange made the projection through a poll, requiring its community to predict which would happen first among a series of bold predictions. They include Shiba Inu surging to $1, Bitcoin hitting $100,000, and XRP to $1, among others.
Apparently, the Shiba Inu forecast stood out as the most audacious, as it required SHIB to surge 7,283,221% from the current price.
Return for Holding 5M, 10M, or 30M Shiba Inu When SHIB Hits $1
Given the magnitude of CoinW’s prediction, we evaluated how much a portfolio of 5 million, 10 million, or 30 million SHIB would be worth if Shiba Inu hits $1 as projected. Notably, investors who do not own SHIB can scoop the tokens at discounted prices.
At the current price of $0.00001373, 5 million Shiba Inu tokens cost a paltry $68.65. If Shiba Inu hits CoinW’s projected price of $1, these 5 million tokens would be worth $5 million, marking an ROI of 7,283,221%.
Additionally, investors can purchase 10 million Shiba Inu tokens at $137.3 at the current price. Should Shiba Inu reach CoinW’s projected price of $1, this 10 million SHIB portfolio is expected to hit $10 million.
Lastly, purchasing 30 million Shiba Inu tokens today would require a capital of $411.9. Although these 30 million tokens would cost $411.9 today, their value would surge to $30 million if SHIB hits $1.
While this outlook looks promising, it is crucial to note that nothing is certain in the crypto market. In the meantime, the market has continued to be at the mercy of external factors like global politics and macroeconomic events, leading to huge drawdowns since March. Hence, this article should be digested for informational purposes rather than financial advice.
Possible Timeline for SHIB’s Surge to $1
Meanwhile, according to our research, not many prediction platforms have issued a timeline for Shiba Inu’s surge to $1. However, Telegaon believes the $1 prediction is a realistic target and that Shiba Inu could hit the milestone by 2050.
Specifically, Telegaon expects Shiba Inu to hit a maximum target of $1.06 by the year 2050, almost three decades from now whether Shiba Inu could surge 7,283,221% to $1 by 2050 remains to be seen.
Nonetheless, it is imperative to note that Shiba Inu has achieved significant rallies in the past, especially in the 2020/2021 market cycle, when its price rose by over 157,000,000% to an all-time high of $0.00008845. Ever since, Shiba Inu has welcomed new and exciting utilities.
These utilities come in the form of projects like Shiba Eternity and Agent Shiboshi (games), Shibarium (L2 blockchain), ShibaSwap (decentralized exchange), SHIB: The Metaverse (metaverse), Shib Marketplace (NFT trading platform), Shib DAO (decentralized governance), and ShibTorch (automated burn portal), among others.