Here’s When Holding 100,000,000 Shiba Inu Can Make You $1M, $5M and $10M
The post Here’s When Holding 100,000,000 Shiba Inu Can Make You $1M, $5M and $10M appeared on BitcoinEthereumNews.com.
Shiba Inu investors looking to secure $1 million, $5 million or even $10 million with modest investments would need to wait for astronomical price gains toward $0.01. Shiba Inu has been struggling recently, giving up the $0.00002 price territory amid a broader market collapse. Currently, the token is battling to stay above $0.000018 after also losing its grip on the $0.000019 mark. Opportunity in a Downtrend Despite this downward trend, market watchers remain optimistic about SHIB’s prospects. They cite the token’s Relative Strength Index (RSI) and Commodity Channel Index (CCI) being in oversold regions, the lowest levels seen this year. Analysts believe that the oversold RSI and CCI levels indicate a potential for reversal. This downturn has led many investors to see Shiba Inu’s lower prices as an opportunity to buy the token at a discount. Consequently, whales, sharks, and small addresses have been accumulating massive amounts of Shiba Inu. The ongoing accumulation by various investor profiles suggests confidence in Shiba Inu’s future. Notably, data sourced by market behavior resource Santiment confirms that, as a result of this accumulation trend, small investors holding between 10,000 and 1,000,000 SHIB have continued to increase their balances, with whales holding at least 1 billion tokens joining in the buying spree. Shiba Inu Small and Whale Addresses | Santiment When Can 100M Shiba Inu Yield $1M, $5M and $10M? As speculation on potential returns mounts, The Crypto Basic recently assessed how much Shiba Inu needs to rally for investors holding modest investments amounting to 100 million tokens to clinch the millionaire status. At the current price of $0.00001799, these 100 million tokens are worth $1,799. To reach a valuation of $1 million, the price per token would need to rise significantly toward $0.01. Shiba Inu marketer Lucie noted in April that she is confident…
Filed under: News - @ June 22, 2024 3:10 pm