If SHIB rises 115% or 200%, one would need 465K USD or 334K USD to convert it into 1 million USD.
This estimated capital could decrease to 94K USD or 34K USD if using 5X or 10X leverage.
The frenzy of turning meme-coins into millions of dollars seems to be far from fading. At least, according to the dominance of the strong meme-coin narrative in 2024.
So, how much is needed to turn Shiba Inu [SHIB] into millions of USD?
Most analysts expect the market to recover in early 2025. After that, they predict a potential pause in the summer, followed by another rally from Q3 – Q4 2025 before the cycle peaks.
Assuming they are right, the two price targets for SHIB are the March high of 0.00004567 USD and the 2021 peak of 0.00008854 USD. If these targets are achieved, that would translate into a corresponding increase of 115% and 315%.
How much is needed to become a SHIB millionaire?
What if SHIB doesn’t climb to the highs of 2021? What’s the next conservative target we can work with?
Based on the Fibonacci trend tool, drawn from the lows in September and the highs in March, the next major target could be 0.00006958 USD. If achieved, that would yield a potential profit of over 200%.
Source: SHIB/USDT, TradingView
So, if SHIB rises 115% to the March high or 200% to the Fibonacci pivot, how much do you need to invest in SHIB to turn it into 1 million USD?
Assuming the price bounces from the resistance support (white) and at the current level of 0.00002205 USD, you would need less than 500K USD to turn it into 1 million USD. For a 115% increase, you need to invest 464,799 USD right now to make it 1 million USD.
Conversely, if SHIB rises 200%, you would need 333,102 USD to yield a million USD. This only applies to the spot market without leverage.
The required capital could decrease to around 93K USD if you choose 5X leverage or 34K USD for 10X leverage in the Futures market.
These estimates do not include transaction fees, slippage, and liquidation risk, which can further increase losses or wipe out your entire capital if the market moves against your position.
