The post Here’s When Holding 100,000,000 Shiba Inu Could Turn Into $1 Million appeared on BitcoinEthereumNews.com.

With Shiba Inu’s recovery attempt losing steam, we’ve highlighted the potential timelines for growing the value of a 100 million SHIB portfolio to $1 million.  Shiba Inu’s recovery from this month’s devastating collapse has stalled over the past few days. After SHIB dropped to $0.00001031 on April 7, it bounced back to the $0.000012 price mark a few days later.  While many expected SHIB to continue its recovery and aim for lofty targets like the $0.00002 mark, SHIB has remained stagnant at around $0.000012.  Investors Remain Confident About Becoming Millionaires Via SHIB This underperformance has put many SHIB investors in losses, with 85.5% of all Shiba Inu on-chain addresses holding a whopping 842.2 trillion tokens at a loss.  Despite this, investors have continued to believe in SHIB’s prospects. This is reflected in 77% of all Shiba Inu blockchain addresses holding the coin for more than a year, according to IntoTheBlock’s data.  In contrast, 21% of all addresses have been holding for between 1 and 12 months, while a small fraction, 2%, are short-term holders, holding for less than 30 days.  Nonetheless, investors are still bullish on SHIB’s prospects, with some anticipating becoming millionaires in U.S. dollars through investments in Shiba Inu. Recall that SHIB made this dream a reality for many during its early days, particularly in the 2020/2021 bull market. Therefore, many speculate that SHIB could repeat history and elevate them to millionaire status.  Turning 100M SHIB to $1M   Based on this wave of confidence, we estimated how long it would take for a 100 million SHIB purchase to grow into a $1 million holding.  As of 6:56 a.m. (UTC) on April 19, SHIB was trading at $0.00001219, with a market cap of $7.18 billion. At the current price, investors must commit a capital of $1,219 to scoop up 100…

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Filed under: News - @ April 19, 2025 6:19 pm