If SHIB reaches $0.0009, would 10 million tokens be worth ?
Investment in SHIBA Inu:
A detailed analysis
The Shiba Inu (SHIB) cryptocurrency has captured the attention of investors around the world. With its current price of $0.000009457, some investors are wondering what would happen if SHIB reached $0.0009 or even $0.009. In this article, we will explore the potential investment gains with Shiba Inu at these price levels.
Possible investment gains
If SHIB reaches $0.0009, 10 million tokens would be worth $9,000. Currently valued at $94.57, these tokens offer a potential return of up to $8,905.43. Similarly, investors with 100 million SHIB tokens could see a more notable increase in the value of their holdings if the price hits $0.0009. This would bring his holdings to $90,000. With 100 million SHIB currently valued at $945.7, the price target of $0.0009 presents a potential return of $89,054.3.
If SHIB reaches $0.009, 10 million tokens would be worth $90,000. At the current acquisition cost of $94.57, investors have the opportunity to earn a significant return of $89,905. For investors holding 100 million, their holdings could reach $900,000. This marks a consistent increase from the current value of $945.7, implying a return on investment of $899,054.
So far, just over 41% of the initial quadrillion supply has been destroyed: 410,300,769,264,733 SHIB2. However, some users believe that to see substantial Shiba Inu price action, at least 61-71% of the total supply must be destroyed.
It is important to remember that token burning is just one of many factors that can influence the price of a cryptocurrency. Other factors include widespread adoption, government regulations, technological developments and market sentiment...
#TokenBurn , #Altcoin , #ShibaInu #TradeNTell
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