Shiba Inu (SHIB) has gained a reputation for turning early investors into multi-millionaires. Investors could have made over $1 billion by investing as little as $6,200. While many believe that the SHIB boat has sailed, others believe there is still time to make it big with the popular memecoin. SHIB fans, collectively known as the SHIB Army, are pursuing the “one-cent dream.”
Also Read: Shiba Inu: You Could Have Made $1 Billion With Just $6.2k in SHIB.
If Shiba Inu’s (SHIB) price reaches $0.1, it will translate to a growth of about 1,109,408.49% (1.1 million percent). Such massive growth will likely turn many investors into multi-millionaires. If SHIB reaches $0.10, you will need 10,000,000 tokens (10 million) to have one million dollars worth. The price of 10 million tokens right now is about $90.7. Turning less than $100 into $1 million will be among the most profitable trades ever.
When will Shiba Inu (SHIB) reach $0.1?
One million percent growth will take a long time to achieve. However, it is not something that Shiba Inu (SHIB) has not achieved before. In its first year, SHIB’s price rallied by many million percent before hitting its all-time high of $0.00008616. Hence, the token can replicate its 2020-2021 rally.
According to Changelly, Shiba Inu (SHIB) may reach the $0.10 level sometime after 2050, almost 26 years from now. Telegaon, on the other hand, anticipates SHIB to reach $0.10 sometime between 2040 and 2050. Either way, investors will have to wait a long time if both platforms are correct.
Also Read: Shiba Inu: $100 Investments Turn into $50 Million in February 2024
However, during the 2020-2021 rally, Ethereum co-founder Vitalik Buterin burned almost half of Shiba Inu’s (SHIB) supply. Buterin had received half the supply upon launch and decided to burn 90% of the tokens. The project could rally over one million percent if the SHIB team can carry out a similar burn. The team is working on a new burn mechanism that could potentially burn trillions of tokens yearly. The new burn mechanism could help push SHIB’s price to the $0.10 target much sooner than anticipated.
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