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HomeCrypto NewsMarketHere’s How Much You Need to Make $1M, $5M, or $10M with Shiba Inu if SHIB Reclaims $0.00001
Here’s How Much You Need to Make $1M, $5M, or $10M with Shiba Inu if SHIB Reclaims $0.00001
DATE:
JULY 29, 2023
WRITTEN BY:
ALBERT BROWN
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Shiba Inu
Shiba Inu
Shiba Inu is currently looking to reclaim the $0.00001 price territory for the first time since May, leading to speculations of the projected ROI if this price materializes.
Shiba Inu (SHIB) broke below the $0.00001 price territory in early May following a three-day decline of 10.67%. The asset has failed to reclaim $0.00001 since then. However, amid a recently-engineered recovery campaign, speculations have emerged on the potential ROI when SHIB eventually recovers the price point.
Shiba Inu’s declining value since May has prompted bearish sentiments among the community. However, certain investors have capitalized on this situation, acquiring more SHIB tokens at discounted prices. The Crypto Basic recently highlighted a significant accumulation campaign since early June.
Investors have amassed over 1 trillion SHIB since then. The accumulation picked up when Shiba Inu’s price hit the yearly low of $0.00000543 on June 10. Despite the appreciation from this value, SHIB is still a long way from $0.00001. At current prices, the question remains how much would an investor need to rake in millions when SHIB reclaims $0.00001?
Amount Needed to Hit $1M, $5M, or $10M
To earn $1 million when SHIB reclaims a price of $0.00001, an investor needs to purchase 100 billion Shiba Inu tokens. At the current price of $0.00000815 per token, acquiring these 100 billion tokens would require an investment of approximately $815,000.
The appreciation represents a 22.7% increase in investment. If the investor had acquired the 100 billion tokens at SHIB’s yearly low of $0.00000543, the total initial investment would have been $543,000.
Similarly, if Shiba Inu reclaims $0.00001, 500 billion SHIB tokens would be valued at $5 million. To purchase these 500 billion SHIB tokens at current prices, an investor would need $4.075 million.