Investors who acquire Shiba Inu tokens worth $10,000, $50,000, or $100,000 have the potential to see massive returns if SHIB reaches specific price targets. Shiba Inu has gained significant attention from investors during the current bull market, thanks to its impressive performance in the 2021 bull market. In just 453 days, Shiba Inu transformed $12 into $1 million, as reported by The Crypto Basic last May.
Investors are hopeful that Shiba Inu will experience a similar price surge, thanks to its development as a decentralized ecosystem led by Shytoshi Kusama and the increasing popularity of token burns, which create a deflationary model. The recent price rally, which resulted in a 370% increase in just ten days, has further fueled investors’ interest in Shiba Inu. They are accumulating more SHIB tokens in anticipation of another price surge.
As investors accumulate and remain optimistic, those who hold at least $10,000 worth of SHIB are wondering what price target the token needs to reach for their holdings to reach $1 million. The number of addresses holding $10,000 to $100,000 worth of SHIB has increased from 10,840 on Jan. 1 to the current figure of 20,390, according to data from IntoTheBlock.
Currently, investors holding $10,000 in Shiba Inu have around 402.7 million tokens. To reach $1 million, SHIB would need to surge by 9,900% to a price of $0.002483. For those holding $50,000 worth of SHIB, which is equivalent to around 2.013 billion tokens, the token would need to rise by 1,900% to $0.0004966. Similarly, for investors with $100,000 worth of SHIB, which translates to around 4.027 billion tokens, SHIB would need to increase by 900% to $0.0002483.
In summary, for $10,000, $50,000, and $100,000 worth of SHIB to amount to $1 million, SHIB would need to reach the price targets of $0.002483, $0.0004966, and $0.0002483, respectively. While various analysts have made predictions for Shiba Inu’s performance in this bull market, the most feasible price target is $0.0002483, which would result in a market cap of $146 billion.
It’s important to note that this article is for informational purposes only and should not be considered financial advice. Readers are advised to conduct thorough research before making any investment decisions. The Crypto Basic is not responsible for any financial losses incurred.