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What Invested Capital Will Make Shiba Inu (SHIB) Investors Millionaires When ATH Hits?

24 November 2023
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With increased hopes that Shiba Inu (SHIB) will retest its All-Time High (ATH) of $0.00008845 in the next bull run, this article estimates how investors can become millionaires with the capital injected today.

Before we dive in, let’s note that Shiba Inu has impressed its holders, printing 13.32% growth overnight to $0.000009457. This performance outranks the industry average of 0.87%. This sustained SHIB growth hinges on boosted buying momentum that has pushed its trading volume up 74.99% to $495,909,431.

Here’s SHIB Required to Hit $1M, $5M and $10M

Going by the all-time high price, investors will require a total of 11,305,822,498.6 SHIB to rake in $1 million. This means users who desire to hit this valuation by then will need to acquire the same number of tokens now.

The financial obligation to achieve this depends on the current price per SHIB, pegged at $0.000009457. At this point, SHIB investors will need to acquire approximately $106,263 worth of the token. Using the same logic, to rake in $5 million when Shiba Inu retests its ATH, prospective millionaires will have to buy $534,595.8 worth of the token now.

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By factoring in the cost-reward ratio, we can agree the investment is worth it in the long run, but this depends on Shiba Inu’s ability to hit the price target. SHIB investors that buy approximately $1,069,191 worth of the token now also have the hope of making $10 million when the price retests the ATH.

Possible Timeline in View

While some believe Shiba Inu will retest its all-time high, others remain skeptical. In addition, there is no defined agreement among analysts and artificial intelligence models on the possible timeline for such price feat.

According to Telegaon, a crypto and stock analytics platform, SHIB might return to its ATH by 2026, at which point the token might touch a maximum value of $0.0000943. Telegaon maintains a bullish projection on the price of SHIB as it predicted the token may touch 2 cents from 2030 to 2040.

Shiba Inu, like the industry it operates, showcases massive volatility that can notably shorten the timeline to return to the ATH. The protocol also has enough basis to support this growth when the bull market returns, as Shibarium, ShibaSwap, and other ecosystem applications will help drive its growth through enhanced integration and demand.

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Disclaimer: This content is informational and should not be considered financial advice. The views expressed in this article may include the author’s personal opinions and do not reflect The Crypto Basic’s opinion. Readers are encouraged to do thorough research before making any investment decisions. The Crypto Basic is not responsible for any financial losses.

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