If Shiba Inu were to reach its ambitious price targets of $0.00769, $0.089, and $0.19, investors holding between 100 million and 1 billion SHIB tokens could see their investments reach unimaginable heights.
Shiba Inu has recently experienced a strong rebound, surpassing several important resistance levels to eventually break through the psychological threshold of $0.000027. As a result, SHIB is now up 51% from its low of $0.00001830 on April 13, currently trading at $0.00002763, which is the highest price it has reached since April 12.
With Shiba Inu outperforming Bitcoin and the rest of the market during this market-wide resurgence, bullish sentiments have returned to the scene. Community members and market entities are now discussing ambitious price targets for SHIB.
Amid these bullish conversations, investors who hold a significant amount of SHIB are contemplating the potential value of their holdings if Shiba Inu reaches any of these targets. Crypto Basic has evaluated the holdings of those who possess between 100 million and 1 billion SHIB tokens with price targets of $0.00769, $0.089, and $0.19.
According to IntoTheBlock data, there are currently 79,050 addresses holding between 100 million and 1 billion SHIB tokens, accounting for 5.82% of all Shiba Inu addresses. These addresses collectively hold 19.77 trillion SHIB, which is valued at over $506 million.
For investors holding 100 million SHIB, their current investment is worth $2,763. If Shiba Inu manages to rally to $0.00769, these 100 million tokens would skyrocket in value to $769,000. Furthermore, if SHIB rises to $0.089, the investment would be worth $8.9 million. However, if Shiba Inu reaches $0.19, the investment in 100 million SHIB would be worth an impressive $19 million.
For investors with 500 million SHIB tokens, their current holdings are valued at $13,815. If Shiba Inu reaches $0.00769, the value of these tokens would increase to approximately $3.845 million. Additionally, if the price reaches $0.089, the value would soar to a massive $44.5 million. And if SHIB reaches $0.19, the investment in 500 million SHIB could potentially be worth $95 million.
As for those who hold 1 billion SHIB tokens, their investment is currently valued at $27,630. If the token price rises to $0.00769, the investment would appreciate by approximately $7.69 million. A further increase to $0.089 would boost the value to an astonishing $89 million. And if SHIB were to reach $0.19, the investment could potentially reach $190 million.
However, it is important to note that these gains depend on Shiba Inu’s ability to reach these projected price targets. Analysts at crypto exchange platform Changelly expect SHIB to reach $0.00769 by 2040. Telegaon, a crypto platform, predicted that Shiba Inu could reach $0.089 by the end of 2040. Additionally, The Crypto Basic found that SHIB could hit $0.19 after the Bitcoin halving if it replicates its post-halving upsurge in 2021.
Disclaimer: This article provides information and should not be considered financial advice. The opinions expressed in this article are solely the author’s and do not reflect the views of The Crypto Basic. Readers are advised to conduct thorough research before making any investment decisions. The Crypto Basic is not responsible for any financial losses.