Here’s How Many Shiba Inu You Need to Make $5M or $10M if SHIB Hits $0.00769

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HomeCrypto NewsMarketHere’s How Many Shiba Inu You Need to Make $5M or $10M if SHIB Hits $0.00769
Here’s How Many Shiba Inu You Need to Make $5M or $10M if SHIB Hits $0.00769
DATE:

FEBRUARY 14, 2024
WRITTEN BY:

SAM WISDOM RAPHAEL
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Shiba Inu SHIB
Shiba Inu SHIB
If Shiba Inu clinches the $0.00769 price target, investors would need to commit large capital at the asset’s current trading price to rake in millions of dollars.

Shiba Inu (SHIB) has displayed remarkable resilience amid the consolidation observed across the broader market. This ongoing consolidation has prevailed following a massive market onslaught that materialized last month.

During this market onslaught, Shiba Inu relinquished the $0.00001 and $0.000009 price territories, collapsing to $0.00000843 on Jan. 23. However, the asset immediately recovered the $0.000009 threshold and has continued to defend it this year.

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At the time of reporting, Shiba Inu is currently changing hands at $0.00000913, up 0.88% over the last 24 hours. Amid the resilience shown by the asset, multiple ambitious projections have come up, with one suggesting a possible rally to $0.00769.

How Much Needed to Make $5M or $10M if SHIB Hits $0.00769
While this target appears improbable, The Crypto Basic recently assessed how much an investor would need to secure millions if SHIB ever hits it.

Notably, market participants – both seasoned and neophyte – have continued to look out for an opportunity to rake in millions with SHIB.

These investors have remained optimistic, citing Shiba Inu’s history of meteoric surges as a source of confidence.

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However, it bears mentioning that SHIB’s ability to repeat these exponential rallies in the future remains uncertain, as past performances do not guarantee future results.

If an investor wishes to see his investment soar in value to $5 million should Shiba Inu clinch $0.00769, he would need to hold 650,195,058 (650.195 million) tokens. At the current price of $0.00000913, these tokens are currently worth a meager $5,936.

Meanwhile, to rake in $10 million if Shiba Inu reaches $0.00769, the investor must possess 1,300,390,117 (1.3 billion) SHIB. These tokens currently go for $11,872. Such an investment would secure an ROI of 84,131%, with a massive profit of $9,988,128 ($9.98 million).

Can Shiba Inu Reach $0.00769?
The major question rests on Shiba Inu’s potential to hit this $0.00769 target. Notably, the asset would have to surge by over 84,000% from its current position to reach this price position. While it has recorded more substantial rallies in the past, its circulating supply poses a challenge to a repetition.

Nonetheless, crypto exchange platform Changelly has already projected a timeline for SHIB to clinch the price.

According to analysts from Changelly, Shiba Inu could reach an average price of $0.007399 in 2040, sixteen years from now. They believe its maximum price in 2040 would be $0.008299, a 7.9% rise from the $0.00769 target.

Shiba Inu Price Prediction Changelly 4
Shiba Inu Price Prediction | Changelly
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Disclaimer: This content is informational and should not be considered financial advice. The views expressed in this article may include the author's personal opinions and do not reflect The Crypto Basic’s opinion. Readers are encouraged to do thorough research before making any investment decisions. The Crypto Basic is not responsible for any financial losses.

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Author

Sam Wisdom Raphael
Sam Wisdom Raphael
Sam Wisdom Raphael is a seasoned crypto news writer and journalist with 5 years of experience covering blockchain, DeFi, and crypto developments. Sam's active presence in the crypto community complements his deep understanding of the crypto space, allowing him to craft comprehensible price analysis reports and tackle technical blockchain concepts.
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