Investors seeking to attain millionaire status via Shiba Inu would need to hold a few billion SHIB tokens in anticipation of a potential price spike to $0.0003.
For many, the valid symbol of financial success is becoming a millionaire in USD. They believe it affords individuals financial freedom and security. In addition to financial freedom, other factors influencing this millionaire dream include social status and legacy building.
Path to Becoming a Millionaire
Since most people are average-income earners, they see a pathway to becoming millionaires through investing. People have invested in stocks and real estate to attain financial freedom.
While the pace for average income earners to attain millionaire status through traditional investing could be “slow,” they often consider crypto assets a suitable alternative. This choice is driven by tales of how specific cryptos, like Shiba Inu, turned average-income earners into overnight millionaires.
For instance, in 2023, a CoinGecko report highlighted how investors would have become millionaires if they invested $12 in Shiba Inu before it reached its peak of $0.00008616 in October 2021. Notably, several investors benefited from Shiba Inu’s spike in 2021, which eventually changed their financial status.
Meanwhile, it’s been nearly four years since the last rally. Yet, several market watchers are still projecting future spikes for Shiba Inu, with some setting an audacious target of $0.0003.
Consequently, The Crypto Basic assesses how investors could become millionaires via their investments in Shiba Inu if the $0.0003 projection materializes.
How Much Required to Make $1M Via SHIB Investment
At press time, Shiba Inu was trading at $0.00001336, seeing a modest 0.26% 24-hour gain. SHIB registered a slight increase of 3.74% in the past week and a similar growth rate over the past month.
With a current market cap of $7.87 billion, Shiba Inu ranks as the 16th biggest cryptocurrency on CoinMarketCap. To clinch the $0.0003, Shiba Inu must grow by 2,145% from its current price. This surge would help SHIB eliminate a zero from its price and propel its valuation to $176.77 billion.
For an investor to become a millionaire or make $1 million if Shiba Inu hits the $0.0003 target, they would need to invest $44,533 in SHIB today. This investment would procure 3,333,333,334 (3.33 billion) Shiba Inu tokens at the current price.
If SHIB clinches the $0.0003 target, this portfolio of 3.34 billion SHIB would be valued at $1 million, granting the heart’s desires of many who hope to become millionaires someday. This represents an ROI of around $955,000.
When Can SHIB Reach $0.0003
While SHIB’s path to the $0.0003 target demands a hefty surge of over 2,000%, several analysts still think it is realistic.
In a Forbes interview, Himanshu Maradiya, chairman of CIFDAQ Blockchain Ecosystem, predicted that Shiba Inu would reach the $0.0003 target this year.
However, popular AI chatbots like Google’s Gemini and ChatGPT also provided insights on when SHIB might soar to $0.0003. While Gemini forecasted that SHIB would attain the milestone in December 2025, ChatGPT suggests the $0.0003 target would materialize next year.
On the other hand, Changelly predicts that Shiba Inu will reach the $0.0003 mark by June 2032.
Investors Remain Optimistic
Despite this projection, it remains uncertain whether SHIB will clinch the milestone within the projected timelines. Therefore, users must exercise caution when investing in crypto due to its volatile nature.
In the meantime, most Shiba Inu investors have remained optimistic about SHIB’s prospects. Currently, 77% of all on-chain Shiba Inu addresses have held the token for over a year, while 21% have held it for less than a year. Only a few, about 2%, are short-term holders. According to IntoTheBlock data, these users have held SHIB for less than 30 days.
