You Bought $1,000 Worth of Shiba Inu—Here’s What It Could Be Worth If SHIB Hits $0.0007

The possibility of Shiba Inu rising to an ambitious target of $0.0007 could yield significant returns from a small investment of $1,000 in SHIB.

Shiba Inu’s recovery attempt has stalled, with the asset struggling to break into the $0.000012 region. After hitting an intraday high of $0.00001179, Shiba Inu’s price crashed to $0.00001154 and has continued to hover around this level ever since.

Major Resistance Ahead

Currently, SHIB is trading at $0.00001158, reflecting a 0.12% increase over the past 24 hours. Shiba Inu has experienced a massive decline over the past 30 days, posting a 20.51% loss.

Now, Shiba Inu faces resistance in the $0.000012 to $0.000014 range, a zone where 88,650 addresses hold 65.15 trillion SHIB tokens.

This resistance is relatively mild compared to the next major barrier, between $0.000014 and $0.000019, where 175,560 addresses hold 523.66 trillion SHIB.

Shiba Inu to $0.0007 Predictions

Despite this, most investors are still bullish about SHIB’s potential. Shiba Inu has attracted numerous predictions, including projections that suggest the token could surge to a price of $0.0007.

Last year, market commentator Mehrhpm teased Shiba Inu’s potential surge to the $0.0007 mark. Additionally, The Crypto Basic estimated that SHIB could attain this price if its total supply is reduced from 589 trillion to 10 trillion tokens.

At the time of this analysis, SHIB had a market capitalization of roughly $7 billion. A reduction in supply to 10 trillion tokens could theoretically support a price increase to the $0.0007 range.

For context, $0.0007 is a psychological milestone that would require SHIB to eliminate a leading zero from its price. From the current price of $0.00001158, SHIB would need to surge by approximately 5,944% to reach this target.

Value of a $1,000 Investment in SHIB at $0.0007

If this happens, early investors, including those who commit as little as $1,000 today, would see significant returns on their investments. Notably, an investment of $1,000 would fetch 86.35 million SHIB tokens at $0.00001158 per token.

If SHIB climbs to $0.0007, those 86.35 million tokens would be worth around $60,449, yielding a profit of approximately $59,450 from a $1,000 investment.

When Can SHIB Hit $0.0007?

Notably, predictions from top crypto entities indicate that SHIB could hit the $0.0007 milestone over the next few years. Notably, Changelly experts estimated that SHIB will climb to the $0.0007 region between 2035 and 2039.

However, Telegaon offers a more optimistic estimate, suggesting SHIB could reach $0.0007 by 2030.

Whether these forecasts play out remains to be seen. Notably, an estimated target of $0.0007 will drive Shiba Inu’s valuation to $412.47 billion, assuming its 589.25 trillion remains untouched.

This resulting valuation surpasses the current market cap of Ethereum, which ranks as the second-biggest cryptocurrency.