Shiba Inu investors holding 250 million or 500 million SHIB tokens could become millionaires if SHIB rallies to the ambitious target of $0.005.
Shiba Inu is participating in the ongoing relief rally across the broader market. This rally pushed SHIB above the $0.000015 mark. Despite the surge, many investors still believe Shiba Inu’s performance is low, as they expect a higher threshold with fewer zeros.
Meanwhile, proponents continue to keep investors’ hopes alive that bigger upsides are coming. These enthusiasts believe Shiba Inu could eventually cancel more zeros and hit an unprecedented level of $0.005.
Experts Set Timelines for Shiba Inu Surge to $0.005
This $0.005 target has gained popularity within the Shiba Inu community in recent months. Several analysts argue the target is achievable, setting different timelines for when it could play out.
According to Changelly, Shiba Inu could reach the $0.005 price mark by May 2040. During this period, Changelly expects SHIB to trade at an average target of $0.00517 and a maximum target of $0.00578.
Changelly SHIB Prediction for May 2040
However, leading crypto prediction platform Telegaon sees SHIB clinching the target sooner, specifically between 2036 and 2039.
Worth of 250M or 500M SHIB Tokens at $0.005
While these predictions are purely speculative, hitting the $0.005 milestone would translate to significant gains for early Shiba Inu investors.
For context, Shiba Inu traded at $0.00001520 hours before press time. At this price, its valuation reached $8.95 billion, positioning it as the 15th largest cryptocurrency by market cap.
Accordingly, hitting the $0.005 milestone would require a massive growth of 32,794% from the current price of $0.00001520. This would translate to a market capitalization of $2.94 trillion, surpassing Bitcoin’s current valuation.
Meanwhile, a rise of that magnitude could put smiles on the faces of early investors, particularly those holding between 250 million and 500 million SHIB tokens.
With Shiba Inu currently trading at $0.00001520, investors can purchase these 250 million and 500 million SHIB tokens for $3,800 and $7,600, respectively.
Notably, a portfolio of 250 million SHIB tokens worth $3,800 today would be valued at $1.25 million if SHIB’s price eventually reaches the $0.005 target. Similarly, the 500 million SHIB holdings will be worth $2.5 million at a unit price of $0.005.
Can SHIB Hit $0.005?
Although this analysis seems enticing, the major question revolves around whether Shiba Inu is capable of reaching the $0.005 mark, given its supply.
Out of Shiba Inu’s total supply of 589.55 trillion tokens, approximately 589.25 trillion SHIB are in circulation. If the circulating supply remains at this level, Shiba Inu must surge 32,794% from its current price to reach the $0.005 target.
Many might consider this growth highly unlikely due to investors committing funds to new tokens over existing ones. As a result, a massive burn is required to drastically reduce Shiba Inu’s supply to make the $0.005 target feasible.
In a hypothetical scenario where Shiba Inu’s supply decreases to 50 trillion, SHIB would only need to soar by 2,693% from the current price to hit $0.005. This would put Shiba Inu’s market cap at $250 billion instead of the $2.94 trillion stated earlier.
