Shiba Inu (SHIB) is one of the most popular cryptocurrencies in the market. The asset’s incredible run during the 2021 bull run solidified its status as a “millionaire-maker.” Investors who got into the project in its early stages made massive returns with minimal investments.
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Let’s take a look at one such example today.
$1000 Worth Of Shiba Inu Becomes $31.7 Million Today
If you had invested $1000 worth of SHIB in August 2020, the investment would have been worth $31.7 million today. The rise in value would have translated to a growth of about 3,172,403.73% (3.17 million percent).
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Shiba Inu (SHIB) hit an all-time high of $0.00008616 on Oct. 28, 2021. If you had sold your tokens when SHIB was at its peak, you would have made a whopping $103 million. In this scenario, your portfolio’s value would have risen by 10,303,317.81% (10.3 million percent).
When Will A $1000 Worth Of The Memecoin Become $1 Million?
If you purchase $1000 worth of Shiba Inu (SHIB) today, you will receive about 40,355,125.10 (40.35 million) tokens. For 40.35 million tokens to be worth $1 million, the price of each coin has to reach $0.02478. SHIB’s price has to rally by about 99,900% to hit $0.02478.
According to Changelly, SHIB will hit the $0.02478 mark sometime after 2050. The platform predicts the asset to trade at a maximum price of $0.0148 in 2050.
Telegaon is more bullish on Shiba Inu (SHIB). The platform anticipates the asset to hit the $0.02478 mark sometime between 2035 and 2040.
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There is a possibility that SHIB will hit the $0.02478 mark much sooner than anticipated. If the project witnesses a big rise in adoption and if the team reduces the number of tokens in circulation, we may hit the $0.02478 mark much sooner.