Investors who procure $10,000, $50,000 or $100,000 worth of Shiba Inu could see their holdings hit $10 million if SHIB clinches certain price targets.
Shiba Inu has captured investor interest in the ongoing bull market, leading to occasional spikes in trade volume. This is primarily due to its previous price run in the 2021 bull market, when it transformed a meager $12 to $1 million 453 days, as spotlighted by The Crypto Basic last May.
Market participants anticipate a similar price spike from Shiba Inu, citing its robust transformation to a decentralized ecosystem through developments from the ecosystem team led by Shytoshi Kusama. Token burns have also gained steam, leading to a deflationary model despite the recent slowdown.
Another factor contributing to the increased interest in Shiba Inu is its latest price rally, which led to a 370% increase in ten days, culminating in the yearly top above $0.000045. Investors have taken to accumulating more SHIB tokens in anticipation of a second leg up, with multiple targets from analysts.
Amid the accumulation trend and the optimism, investors, especially those with at least $10,000, ponder on the minimum price target SHIB needs to achieve for their holdings to hit $1 million. Notably, addresses holding $10,000 to $100,000 worth of SHIB have increased from 10,840 on Jan. 1 to the current figure of 20,390, per data from IntoTheBlock.
Shiba Inu Holdings Distribution | IntoTheBlock
Prices at Which Shiba Inu Holdings Would be Worth $1M
Investors holding $10,000 in Shiba Inu are currently sitting on 402,738,622 (402.7 million) tokens at SHIB’s prevailing price of $0.00002483. Those with $50,000 worth are holding 2,013,693,113 (2.013 billion) SHIB, and the investors with a balance of $100,000 currently possess 4,027,386,226 (4.027 billion) Shiba Inu tokens.
SHIB would need to spike to unimaginable levels for each of these holdings to reach the coveted $1 million mark. For instance, 402.7 million SHIB, currently worth $10,000, would only skyrocket to $1 million if Shiba Inu surges 9,900% to a price of $0.002483, essentially taking off two zeros.
However, for 2.013 billion tokens, currently valued at $50,000, to hit $1 million, Shiba Inu must rise by a less meteoric 1,900% to $0.0004966, only taking off one zero. In addition, SHIB would need to increase by just 900% to $0.0002483 for 4,027,386,226 tokens, currently worth $100,000, to reach a value of $1 million.
Essentially, $10,000 worth of SHIB would amount to $1 million if Shiba Inu hits $0.002483, while $50,000 worth of the token would reach the $1 million mark if SHIB clinches $0.0004966. Interestingly, $100,000 worth could make an investor a millionaire if Shiba Inu only reaches the $0.0002483.
While several analysts have made multiple projections for Shiba Inu for this bull market, the $0.0002483 price is the most feasible one. At this price, Shiba Inu’s market cap would sit at $146 billion, a feasible target. The Crypto Basic assessed that SHIB could hit $0.0002858 if it mirrors its performance at the peak of the 2021 bull rally. However, it is uncertain if this rally would materialize.
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