Investors are eagerly anticipating the possibility of Shiba Inu reaching its all-time high value and speculating on the potential worth of their holdings if this were to happen. The recent decline in the crypto market has affected Shiba Inu, causing a significant drop in price and erasing previous gains. However, experts believe that as the bull market matures, a recovery is likely, with predictions of a rally surpassing price points such as $0.000045 and the ATH at $0.00008845.
In August, Javon Marks, a crypto analyst, identified a triple bottom pattern on the 4-day Shiba Inu chart, indicating that SHIB is on the verge of reclaiming its all-time high price. This prediction was based on the formation of a similar triple bottom in 2021, which preceded Shiba Inu reaching $0.00008845.
For those looking to start with a small investment, acquiring up to 50 million Shiba Inu would cost $1,128 at the current price of $0.00002256. Interestingly, if Shiba Inu were to reach ATH at $0.00008845, the value of these 50 million tokens would increase to $4,422, resulting in a profit of $3,294.
Doubling this investment to 100 million tokens would require an initial investment of $2,256 at the current price. If SHIB were to soar to its all-time high price, the value of the 100 million tokens could rise to $8,845, generating returns of $6,589.
Investors seeking higher returns would need to commit more substantial initial investments. To purchase 500 million tokens, one would need to invest $11,280 at the prevailing price. If SHIB were to reach $0.00008845, this investment would be worth $44,225, resulting in returns of $32,945.
However, the main challenge lies in Shiba Inu’s ability to reclaim its ATH price. The Crypto Basic reported last month that SHIB faced four major sell walls on its path to $0.00008845, with 352,190 addresses holding 63.76 trillion SHIB at these points. Some members of the Shiba Inu community believed that these obstacles could be overcome before the Bitcoin halving, but this did not materialize. Now, the alternative timeline is after the halving, although there is no guarantee that these projections will come to fruition.
It is important to note that this information is for informational purposes only and should not be considered financial advice. The opinions expressed in this article are solely those of the author and do not reflect The Crypto Basic’s viewpoint. Readers are advised to conduct thorough research before making any investment decisions, and The Crypto Basic is not responsible for any financial losses incurred.
