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Investors holding 500 million Shiba Inu tokens will see their holdings appreciate to $1 million, $5 million and $10 million if SHIB’s price rallies to $0.002, $0.01 and $0.02.
Shiba Inu has slipped below the $0.00002 price territory as a result of the ongoing market crash. However, the dog-themed asset is not alone in the downturn. Due to the persistent selloffs, Bitcoin (BTC) is battling to retain the $60,000 region, while Ethereum (ETH) has collapsed below $3,400.
SHIB Buying Opportunity
Interestingly, most market watchers regard this drop in prices as an opportunity for investors to increase their holdings at discounts. This sentiment hinges on the assertion that the ongoing downturn is temporary. The general consensus is that the market will recover from the drop, with bull flags forming on multiple charts.
For instance, crypto trader Daink recently disclosed that he had procured more Shiba Inu tokens for a long-term investment strategy. Like most analysts, Daink is optimistic of SHIB’s price prospects, expecting a price appreciation to the $0.000088 level.
This accumulation pattern has spread across Shiba Inu investors, data from IntoTheBlock confirms. Notably, bulls have purchased 650.13 billion SHIB over the last ten days. Meanwhile, bears have sold 187.56 billion tokens within this period. This shows that Shiba Inu has witnessed excess demand of over 462 billion tokens since June 19.
Amid the accumulation spree, investors anticipate their holdings to appreciate to impressive levels. Shiba Inu’s ability to transform $12 to $1 million has bolstered the optimism. Consequently, The Crypto Basic recently assessed how much Shiba Inu must rally for 500 million tokens to yield millions of dollars.
500 Million Shiba Inu at $1 Million
Notably, an investor would need to commit $8,540 at Shiba Inu’s current price of $0.00001708 to amass 500 million tokens. To achieve a $1 million portfolio with these tokens, SHIB must spike to $0.002. This price represents a significant increase from the current value.
If the price rises to $0.002, the total value of their holdings would be $1,000,000. This increase would yield a profit of $991,460. Crypto platform Changelly expects Shiba Inu to clinch the $0.002 price territory between 2033 and 2040.
500 Million Shiba Inu at $5 Million and $10 Million
For those aiming higher with a goal of $5 million, more patience is necessary. To reach this figure, each SHIB token would need to be worth $0.01. This scenario provides a stunning profit of $4,991,460. In March, Shiba Inu marketer Lucie expressed confidence that SHIB could reach $0.01, but not in the current period.
Finally, for those dreaming of $10 million, the price per SHIB token must rise to $0.02. The profit from this jump would be an impressive $9,991,460. Analysts at Changelly further predict Shiba Inu to hit $0.02 in September 2050.