If Shiba Inu Hits $0.01, How Many Tokens Do You Need To Make $10 Million? (2024)
A series of emotions gush through investors’ minds when talking about Shiba Inu reaching the 1-cent mark. If SHIB reaches $0.01, a majority of holders could turn into millionaires. When SHIB reaches 1 penny, a handful of investors could submit their resignation letters, while the others could be on the lookout to buy their new dream house.
Watcher Guru exclusively interviewed SHIB holders previously about what they would do if the token reaches $0.01. Read here to know about how their dreams, hopes, and aspirations when SHIB reaches the 1-cent milestone.
However, even if Shiba Inu reaches $0.01 someday, not everyone could make life-changing money, as $1 million is no longer a promising amount. A new house and a luxury car could wipe out $1 million in the blink of an eye. To lead a financially stable life, a minimum of $10 million could be required to live peacefully without ‘working’ for money. In this article, we will discuss how many tokens you need to hold to earn $10 million if SHIB reaches $0.01.
How Many Shiba Inu Tokens Can Make You Earn $10 Million if SHIB Hits $0.01?
Shiba Inu is currently trading at $0.00001066 in the indices on Friday. Therefore, SHIB needs to spike 99,000% from its current price to reach the 1 cent mark. At the current level of $0.00001066, an investment of $11,000 could make investors earn $10 million if it reaches $0.01.
For a price of $11,000, investors get to accumulate 1,031,894,934 tokens (1 billion SHIB tokens). Therefore, the 1 billion SHIB tokens could turn to $10,318,949 ($10 million) when Shiba Inu reaches $0.01.
In conclusion, an investment of $11,000 today when Shiba Inu is at $0.00001066 can get you 1 billion SHIB tokens. The 1 billion SHIB tokens could be possibly worth $10 million on the day SHIB reaches $0.01. At press time, SHIB was trading at $0.00001066 and is down 2.2% in the 24-hour day trade. SHIB is down 87.63% from its all-time high of $0.00008616, which it reached in October last year.
At 1 cent per SHIB, the meme currency would command a market cap of $5.89 trillion, over two times the current market cap of all digital assets combined.
The price of 10000000 Shiba Inu in the US is 230.49 USD. Additionally, Shiba Inu's price for 10000000 SHIB is 247.70 EUR in the eurozone, 293.01 GBP in the UK, 167.41 CAD in Canada, 151.97 AUD in Australia, 2.76 INR in India, 0.167518 KRW in South Korea, and 257.15 CHF in Switzerland.
So yes, Shiba Inu once had millionaire-making potential. However, Shiba Inu is much better known these days, which could limit the future upside in the price. Shiba Inu's market cap is currently about $14 billion, down from $39 billion at its peak in 2021.
Shiba Inu (SHIB 2.98%) opened in 2021 at a price of $0.0000000000773 per token. By the end of that year, it reached $0.000035, which was a mind-boggling gain of 45,278,000%. That would have been enough to turn a perfectly timed investment of $1,000 into $452 million.
Leading on-chain metrics and price prediction firm Telegaon has forecast that Shiba Inu could climb above $0.01 in 2040. According to the prediction, Shiba Inu could hit a price target of $0.05 (5 Cents) during the same year in 2040. That's 17 years from today, and there's a long way to go.
Can Shiba Inu burn trillions of coins? In 2022, a Shiba Inu community member, who goes by the pseudonym 'Queenie,' projected that the Shibarium burn portal could incinerate a whopping 111 trillion SHIB tokens annually.
The price of 2000000 Shiba Inu in the US is 41.63 USD. Additionally, Shiba Inu's price for 2000000 SHIB is 44.58 EUR in the eurozone, 52.81 GBP in the UK, 30.31 CAD in Canada, 27.55 AUD in Australia, 0.498425 INR in India, 0.030128 KRW in South Korea, and 46.80 CHF in Switzerland.
A dad has explained how he became a millionaire in just six months after making a risky $8,000 bet on Shiba Inu. The former supermarket warehouse manager named Rob has been able to retire at the age of 35, after investing in the popular meme coin.
Holding 10,000 Dogecoin Could Make You A Millionaire, Predicts Crypto Analyst. Since 2021, Dogecoin (DOGE) has consistently been one of the largest cryptocurrencies in the market. The token has attracted tens of billions in investment and is up more than 27,000% since its launch.
In spite of the recent fluctuations in the value of Shiba Inu, there have been exaggerated rumors that Shiba inu is dead. While it is true that the price of SHIB has decreased from its peak, it does not imply the complete downfall of the token.
When SHIB tokens are burned, they are sent to a wallet address where they become inaccessible. These burned tokens are effectively taken out of circulation, reducing the total supply of SHIB tokens.
While it's theoretically possible for Bonk to reach 1 cent, achieving this milestone would require huge growth and widespread adoption. As of now, Bonk's price is significantly lower than 1 cent, but with continued momentum and market support, it's not impossible.
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