As Shiba Inu’s price remains above $0.000025, let’s explore the investment required to attain $1 million if SHIB reaches $0.00015 and $0.0052.
Shiba Inu, like many cryptocurrencies, has experienced turbulence amid broader market shifts. Although it has relinquished psychological support levels at $0.00004 and $0.00003, SHIB has demonstrated resilience above the $0.000025 mark, mitigating potential declines below it.
According to Crypto Basic, Shiba Inu is on the verge of retesting the $0.000025 zone amidst ongoing market downturns. However, should this retest occur, it could catalyze a more bullish trajectory, with SHIB likely leveraging the $0.000025 support as a springboard to higher price levels.
Market participants and analysts have proposed various targets for this anticipated breakout. These projections include a rally to $0.00015 and the more ambitious $0.0052, both of which would mark new all-time highs for Shiba Inu.
Naturally, the prospect of reaching such price points has fostered increased optimism among investors, leading to continued accumulation of SHIB tokens by numerous whale addresses at current discounted prices.
SHIB Needed to Make $1M at $0.00015 or $0.0052
Given these ambitious price targets, some investors are speculating on the required amount at current prices to reach a $1 million investment if Shiba Inu achieves them. Notably, SHIB would need to surge by up to 447% from its current price of $0.00002739 to reach $0.00015.
At $0.00015, an investor would need to hold approximately 6.6 billion SHIB tokens to achieve $1 million. These tokens, valued at $182,599 at Shiba Inu’s current price, present an attractive opportunity for a substantial purchase at a significant discount, potentially yielding a profit of $817,401.
Meanwhile, for investors aiming to see their holdings ascend to $1 million when Shiba Inu reaches the $0.0052 level, they would need to acquire 192.3 million SHIB. At current prices, these tokens are valued at $5,267, offering an opportunity for a yield exceeding $994,000.
Can SHIB Reach These Targets?
While the prospect of such returns may be enticing, it’s crucial to acknowledge that reaching these targets is not guaranteed. There are differing opinions on the potential timelines for SHIB to achieve these milestones.
For instance, Changelly analysts anticipate SHIB reaching $0.00015 by June 2028, with $0.000151 as its projected maximum price that month. Additionally, they foresee SHIB hitting $0.0025 by April 2040, within the next sixteen years. Nevertheless, these projected timelines are speculative.
Disclaimer: This content provides information only and is not intended as financial advice. The opinions expressed in this article are those of the author and do not necessarily reflect the views of The Crypto Basic. Readers are encouraged to conduct thorough research before making any investment decisions. The Crypto Basic assumes no responsibility for any financial losses that may occur.
