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How Much You Need to Make $10K, $30K, and $50K If Shiba Inu Hits $0.0005 and $0.005

source-logo  thecryptobasic.com 01 December 2024 11:01, UTC
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This analysis examines how much one needs to invest in Shiba Inu to make $10K, $30K, or $50K if its price reaches $0.0005 or $0.005.

Shiba Inu stands among the assets that have delivered life-changing returns for investors, particularly those who have remained steadfast. Currently, Shiba Inu trades at $0.000027, reflecting a year-to-date growth of 161%.

Although it still trades with four leading zeros, market analysts have highlighted the possibility of $SHIB eliminating another zero in the near future. This article explores how investors could leverage Shiba Inu to amass lump sums of $10K, $30K, and $50K should the price reach higher levels, such as $0.0005 or $0.005.

How Much You Need to Make $10K, $30K, and $50K If Shiba Inu Hits $0.0005

With Shiba Inu trading at $0.000027, attaining the $0.0005 price point would require a growth of 1,751%. To benefit from this 18-fold price expansion, an investor would need to hold 20 million units of $SHIB tokens. At Shiba Inu’s current market value, 20 million tokens cost $540.

Essentially, an investor must commit $540 to acquire 20 million $SHIB tokens to earn $10,000 in the future, should the price appreciate to $0.0005 per token.

Meanwhile, to see a $30,000 return from Shiba Inu at the $0.0005 price, one must hold three times as many $SHIB tokens. Acquiring 60 million $SHIB tokens today costs $1,620.

Similarly, the $50,000 target requires five times more capital, at $2,700, as an investor must hold 100 million Shiba Inu tokens today to position for the $50K goal.

Making $10K, $30K, and $50K If Shiba Inu Hits $0.005

Meanwhile, optimism for Shiba Inu to cancel even more zeros and trade as high as $0.005 is prevalent in the crypto community. For context, reaching $0.005 from Shiba Inu’s current market value would demand an astronomical price surge of 18,418%. This essentially implies a massive 184-fold return on the initial investment.

In this case, making $10,000 from Shiba Inu would require holding 2 million $SHIB tokens, which costs just $54 today. Likewise, making $30,000 requires an investment of $162 or holding 6 million $SHIB tokens. To realize $50,000 from Shiba Inu at a price of $0.005, an investor must be holding 10 million tokens, which costs $270 today.

When Can Shiba Inu Reach $0.0005 and $0.005?

In May, an analyst using the Elliott Wave Theory suggested that Shiba Inu could reach $0.0005, citing the completion of a fifth wave on the weekly chart. The analyst predicted that $SHIB will recover from past losses and potentially rally to $0.0005059. This projection suggests that this price level is attainable the season by 2025.

However, analysts at Telegaon projected a six-year timeline for Shiba Inu to reach $0.0005. Analysts at Changelly also agree with this timeline, but they suggested a seven-year window.

As for the more ambitious $0.005 level, Telegaon suggested a 2024 timeline, while Changelly analysts do not see the projection materializing in any foreseeable future.

thecryptobasic.com