Here’s How Much Shiba Inu Must Rise to Still Turn a $1K Investment into $1M
The post Here’s How Much Shiba Inu Must Rise to Still Turn a $1K Investment into $1M appeared on BitcoinEthereumNews.com.
This article estimates how much Shiba Inu must rally to give investors life-changing gains, potentially turning an investment of $1,000 to $1 million. Shiba Inu (SHIB) is gradually recovering from a devastating collapse that saw its value plunge to a low of $0.00001305 yesterday, February 28. Interestingly, Shiba Inu showcased resilience by rebounding above the $0.000014 price mark a few hours later. Currently, SHIB is up 6.43% over the past 24 hours, with the token changing hands at $0.00001412. At this price, only 13.74% of Shiba Inu on-chain addresses, with holdings of 135.29 trillion SHIB, are in profit, according to data from IntoTheBlock. However, 84.37% of total Shiba Inu on-chain addresses holding 830.77 trillion SHIB are at a loss, while 1.89% of addresses boasting a total holding of 18.59 trillion SHIB are at breakeven. Amid Shiba Inu’s massive drawdown, some investors are taking solace in SHIB’s past incredible performance, which turned meager investments into life-changing gains. Growth Required to Turn $1K Investment into $1M Consequently, many wonder whether Shiba Inu can replicate this feat and potentially turn an investment of $1,000 to $1 million. Notably, we need to understand the extent to which SHIB must rise for a $1,000 investment to reach $1 million. A $1,000 Shiba Inu investment can reach $1 million only if the price of SHIB soars by 1,000x or 100,000%. Applying this growth rate to SHIB’s current price of $0.00001412 will take it to $0.01413, surpassing the highly anticipated one-cent dream. To put this into perspective, an investment of $1,000 in Shiba Inu today will fetch 70,821,529 (70.82 million) SHIB tokens. This portfolio of 70.82 million SHIB tokens would be worth $1 million if SHIB trades at a $0.01413 target price. Can SHIB Hit $0.01413? The one-cent dream has gained popularity within the Shiba Inu community…
Filed under: News - @ March 2, 2025 4:19 pm