Investors who put $1,000 into Shiba Inu today have the potential to see significant returns if SHIB reaches $0.0003 or $0.003. Currently trading at $0.00002240, SHIB has experienced a 75% drop from its all-time high and a 51% decrease from its yearly peak. This downward trend is not exclusive to SHIB, as the broader cryptocurrency market has also seen prices fall to two-month lows. Despite this, many investors remain optimistic about a recovery and are using the dip as an opportunity to accumulate more SHIB tokens.
One notable example of accumulation is a whale who acquired a staggering 1.75 trillion SHIB tokens from Robinhood. Another whale address obtained 237 billion Shiba Inu following the break of a symmetrical triangle. These accumulations are based on the belief that prices will eventually rebound, with some projections suggesting that SHIB could surpass its all-time high and reach prices of $0.0003 and $0.003.
Considering the price surge required to reach these targets, a trader who invests $1,000 at the current price could potentially see their investment grow significantly. For instance, if SHIB breaks out of its downtrend and reaches $0.0003, the 44.6 million tokens purchased with $1,000 would be worth $13,392, resulting in a profit of $12,392 and a return on investment of 1,239%. If SHIB reaches $0.003, the value of these tokens would increase to $133,928, yielding a profit of $132,928.
While reaching these price levels may be challenging, crypto exchange resource Changelly has projected timelines for SHIB to achieve them. According to their analysts, SHIB could breach $0.0003 and reach a maximum price of $0.000303 by September 2030. They also predict that SHIB will clear one more zero by January 2040 and reach the $0.003 price territory in February 2040, with an average price of $0.00317.
In January, AI chatbots Google Bard and ChatGPT were consulted about the possibility of SHIB reaching $0.0003 and $0.003. Google Bard predicted that it could happen in 2 years and 20 years, respectively. ChatGPT estimated that it could take four to five years for SHIB to reach $0.0003 and seven to ten years for it to reach $0.003.
It is important to note that this article is for informational purposes only and should not be considered financial advice. The opinions expressed are those of the author and do not reflect the views of The Crypto Basic. Readers are advised to conduct their own research before making any investment decisions, and The Crypto Basic is not liable for any financial losses incurred.