Shiba Inu (SHIB) is going up again, hitting over $0.000009 at the end of January. People are hopeful for SHIB to reach milestones like $0.0004 and $0.004, aiming for one cent. Even though the crypto market is uncertain, investors believe SHIB will rise, using AI Chatbots for predictions.
Notably, Shiba Inu (SHIB) is not a meme coin. It’s trending and making a cutting-edge move recently. It skyrocketed to an all-time high on Oct. 28, 2021, after its debut in August 2020. However, the early birds made some millions or even billions. Those dreaming of becoming millionaires by investing $100 in SHIB at specific prices can check how much they need and what they might get.
Monthly Investments Scenario
If someone invested $100 monthly in SHIB since its launch in August 2020 (about $4,100 total investment), their portfolio would now be worth over $50.4 million. This represents an incredible growth of 1,231,379% (1.23 million percent).
Weekly Investments Scenario
For those making $100 weekly investments (totaling $17,900), the investment would have grown to a staggering $204.9 million. This corresponds to a growth of about 1,144,671% (1.14 million percent).
Investment Till October 2020 All-Time High
If someone invested $100 monthly until SHIB reached its all-time high in October 2020 (totaling $1,500), the portfolio’s value would have surged to $279.8 million. This represents an extraordinary growth of 18,655,517% (18.65 million percent).
Weekly Investments Till 2021 Peak
Whereas a weekly investment of $100 until SHIB’s peak in 2021 (totaling $6,200) would have resulted in a remarkable $1.16 billion return.
Here’s the Reality Check on the Shiba’s Million Dollar Stake
Many worry they missed the chance to make millions with Shiba Inu (SHIB), but some still believe it has room to grow. To become a SHIB millionaire, you might need to invest a significant amount. For instance, investing $22,975 at the current price could be necessary if SHIB reaches $0.0004. If it hits $0.004, you might need to potentially invest $2,297 to reach $1 million. Google Bard predicts a $100 investment at these levels would only yield returns of $4,300 and $43,000, falling short of a million dollars.
However, Shiba Inu (SHIB) plans to reduce its token supply through a burn mechanism, aiming to boost its price. The large supply is seen as a hurdle to growth. While reducing supply could lead to a price surge, it’s emphasized that increased adoption is also crucial for SHIB’s success, and burns alone won’t drive up the price.
