Shiba Inu is currently trading with five ‘zeros’ around $0.00000726. SHIB failed to delete its fifth ‘zero’ despite the launch of its much-anticipated layer-2 network, Shibarium, in August 2023. Shibarium was seen as the only catalyst that could steer the token towards the $0.01 mark. Nevertheless, the project lost its hype due to its rocky launch. However, Shiba Inu is still an affordable cryptocurrency to the average investor. In other words, it is a low-hanging fruit that is up for grabs.
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Bitcoin and Ethereum are currently priced at $27,600 and $1,600, respectively, which is arguably unaffordable to the ‘Average Joe’. Accumulating SHIB is affordable as a mere investment of $7 could fetch investors over 1 million SHIB tokens.
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Shiba Inu Millionaire With An Investment of $7
A simple investment of $7.3 in Shiba Inu could fetch investors 1,000,000 (1 million) SHIB tokens today. If SHIB deletes all its ‘zeros’ and reaches $0.01 someday, the same $7.3 investment could reach $10,000. That would translate to an uptick and return on investment (ROI) of approximately 140,000%.
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However, that is not a life-changing gain, as a profit of $10,000 means nothing in today’s world due to inflation. If your price target is to make $1 million, an investment of $730 made today could get investors to accumulate nearly 100 million SHIB tokens. If Shiba Inu reaches the 1 cent milestone someday, the $730 could balloon to $1 million.
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Note that the Shiba Inu ‘millionaire’ status is considered through token accumulation only and not by the ‘dollars’ earned. However, if the markets recover in the coming years and kick-start a bull run, the two might overlap, and eventually, the tokens could turn into dollars.
That’s a long way off from today, and it might take years or decades to reach there. There is no guarantee that SHIB will reach the $0.01 milestone in a short or long timeframe. Thus, it is advised to do thorough research before taking an entry position in SHIB.
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