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With Shiba Inu’s recovery attempt losing steam, we’ve highlighted the potential timelines for growing the value of a 100 million $SHIB portfolio to $1 million.
Shiba Inu’s recovery from this month’s devastating collapse has stalled over the past few days. After $SHIB dropped to $0.00001031 on April 7, it bounced back to the $0.000012 price mark a few days later.
While many expected $SHIB to continue its recovery and aim for lofty targets like the $0.00002 mark, $SHIB has remained stagnant at around $0.000012.
Investors Remain Confident About Becoming Millionaires Via $SHIB
This underperformance has put many $SHIB investors in losses, with 85.5% of all Shiba Inu on-chain addresses holding a whopping 842.2 trillion tokens at a loss.
Despite this, investors have continued to believe in $SHIB’s prospects. This is reflected in 77% of all Shiba Inu blockchain addresses holding the coin for more than a year, according to IntoTheBlock’s data.
In contrast, 21% of all addresses have been holding for between 1 and 12 months, while a small fraction, 2%, are short-term holders, holding for less than 30 days.
Nonetheless, investors are still bullish on $SHIB’s prospects, with some anticipating becoming millionaires in U.S. dollars through investments in Shiba Inu.
Recall that $SHIB made this dream a reality for many during its early days, particularly in the 2020/2021 bull market. Therefore, many speculate that $SHIB could repeat history and elevate them to millionaire status.
Turning 100M $SHIB to $1M
Based on this wave of confidence, we estimated how long it would take for a 100 million $SHIB purchase to grow into a $1 million holding.
As of 6:56 a.m. (UTC) on April 19, $SHIB was trading at $0.00001219, with a market cap of $7.18 billion. At the current price, investors must commit a capital of $1,219 to scoop up 100 million $SHIB tokens.
If Shiba Inu rises to a price target of $0.01 or one cent, the portfolio of 100 million $SHIB tokens would be worth $1 million. However, hitting the highly ambitious one-cent dream requires a hefty surge of 81,934% from the current price.
A price target of $0.01 would put Shiba Inu’s market cap at $5.89 trillion, assuming there are no changes to $SHIB’s circulating supply of 589.25 trillion.
Potential Timeline for 100M $SHIB to Turn into $1M
As mentioned above, holding 100 million $SHIB purchased today can turn into $1 million when Shiba Inu trades at $0.01 per token. Despite how ambitious this target is, several experts believe it is realistic.
Leading crypto trading platform Changelly indicates that $SHIB will reach the $0.01 milestone by January 2050, 25 years from now. Experts at the exchange set $SHIB’s minimum target for this period at $0.0103, an average price at $0.0109, and a maximum target at $0.0127.
Interestingly, the team behind the Shiba Inu ecosystem believes that $SHIB would clinch the $0.01 target. However, it believes patience is key in actualizing the target, as investors should not expect $SHIB to rise to $0.01 overnight.
Luis Delgado (Del Crxpto), a popular community expert, suggests that $SHIB’s potential surge to $0.01 is attainable. The expert emphasized that cryptos have demonstrated over the years that nothing is impossible.
Moreover, famous Bitcoin enthusiasts Yazan and Jason Williams speculated that $SHIB will surpass the highly ambitious $0.01 target in this 2025 bull cycle. Interestingly, they expect $SHIB to soar to an ambitious target of $0.05 before the end of this year.
Further, the popular AI chatbot ChatGPT estimates a 75% probability that $SHIB will surpass the $0.01 threshold to $0.0194 by 2050 and highlights a 60% chance of $SHIB reaching the feat as early as 2040.
Can $SHIB Reach $0.01?
While most experts are optimistic about $SHIB’s potential rise to the $0.01 target, Shiba Inu’s hefty supply could hinder this possibility.
Shiba Inu has a circulating supply of 589.25 trillion $SHIB, implying that its market cap will rise to $5.89 trillion if the $0.01 target materializes. This exceeds the current valuation of the total crypto market cap, which currently stands at $2.69 trillion, making the $0.01 target highly improbable.
Therefore, the only path toward achieving this milestone is drastically reducing Shiba Inu’s supply through burns and driving adoption upwards.