Shiba Inu: By 2030, can you turn $1,000 of SHIB into $1 million?
If you purchase $1,000 worth of SHIB, you will receive approximately 46,750,818.13 (46.75 million) tokens. To make 46.75 million SHIB tokens worth $1 million, the price per token must reach $0.02139.
According to Telegaon, by 2030, the maximum trading price of Shiba Inu (SHIB) could reach $0.000712. In this case, your investment would be worth approximately $33,286.58. While the increase in value is commendable, it is far below the $1 million mark. According to Telegaon, SHIB is expected to reach the $0.021 mark sometime between 2035 and 2040.
Changelly's outlook on SHIB is more pessimistic than Telegaon's. The platform predicts that by 2030, the maximum trading price of the dog-themed cryptocurrency may reach $0.000365.
In this scenario, your portfolio value would rise to about $17,064. Here, the increase in value is again impressive, but still below the $1 million mark. Changelly forecasts that SHIB will reach the $0.021 mark in 2040.
One of the biggest obstacles to SHIB price increases is its massive supply. Currently, there are about 589 trillion SHIB tokens in circulation. If the Shiba Inu team can carry out a large-scale burn, we might reach the $0.021 target sooner than expected.
Reports indicate that the SHIB team is exploring a new burning mechanism, rumored to destroy trillions of tokens annually. If successful, we will see the birth of many new SHIB millionaires.
