Investors who currently hold 500 million Shiba Inu tokens may see a significant increase in their holdings, potentially reaching $1 million, $5 million, and even $10 million if SHIB’s price rallies to $0.002, $0.01, and $0.02, respectively.
In the midst of the ongoing market crash, Shiba Inu has fallen below the $0.00002 price level. However, it is not the only asset experiencing a downturn. Bitcoin (BTC) is struggling to maintain the $60,000 region, while Ethereum (ETH) has dropped below $3,400.
Interestingly, many market observers view this decline in prices as an opportunity for investors to increase their holdings at discounted prices. The prevailing belief is that the current market downturn is temporary, and the consensus is that the market will recover, as indicated by the formation of bull flags on multiple charts.
One notable example is crypto trader Daink, who recently disclosed that he has acquired more Shiba Inu tokens for a long-term investment strategy. Like many analysts, Daink is optimistic about SHIB’s price prospects and expects it to appreciate to the $0.000088 level.
Data from IntoTheBlock confirms that this accumulation pattern is widespread among Shiba Inu investors. Over the past ten days, bulls have purchased 650.13 billion SHIB, while bears have sold 187.56 billion tokens. This shows that Shiba Inu has experienced a demand for over 462 billion tokens since June 19.
Given this accumulation spree, investors anticipate that their holdings will appreciate significantly. The fact that Shiba Inu has the potential to turn $12 into $1 million has further fueled this optimism. Consequently, The Crypto Basic recently analyzed how much Shiba Inu would need to rally for 500 million tokens to yield millions of dollars.
To amass 500 million tokens at Shiba Inu’s current price of $0.00001708, an investor would need to invest $8,540. In order to achieve a portfolio worth $1 million with these tokens, SHIB must increase to $0.002, representing a substantial jump from its current value. If the price reaches $0.002, the total value of the holdings would be $1,000,000, resulting in a profit of $991,460. Crypto platform Changelly expects Shiba Inu to reach the $0.002 price level between 2033 and 2040.
For those aiming for $5 million, they would need to be patient. Each SHIB token would need to be valued at $0.01 to reach this figure, resulting in a profit of $4,991,460. In March, Shiba Inu marketer Lucie expressed confidence that SHIB could reach $0.01, but not in the current period.
Lastly, those dreaming of $10 million would require the price per SHIB token to rise to $0.02. This increase would yield an impressive profit of $9,991,460. Analysts at Changelly further predict that Shiba Inu will reach $0.02 in September 2050.
It is important to note that this content is for informational purposes only and should not be considered financial advice. The opinions expressed in this article are those of the author and do not necessarily reflect the views of The Crypto Basic. Readers are advised to conduct thorough research before making any investment decisions, as The Crypto Basic is not liable for any financial losses incurred.