Let's Talk About SHIB Token: Can a Small Investment of a Thousand Dollars Become a Millionaire by 2030?
Imagine you have $1,000 and invest it all in SHIB, which could get you approximately 46.75 million of this cryptocurrency. If you want to make $1 million from this investment, the price of SHIB would need to soar to $0.02139.
But we need to look at the predictions. Telegaon says that by 2030, the highest SHIB might reach is only $0.000712. In this case, your investment could grow to $33,000, which is quite an increase, but still far from millionaire status. They also mentioned that it might take until between 2035 and 2040 for SHIB to touch $0.021.
On the other hand, Changelly is even more conservative; they believe that by 2030, SHIB might only reach $0.000365, which would turn your money into $17,000. While that’s not bad either, the dream of becoming a millionaire still seems out of reach. They also predict that SHIB would need to wait until 2040 to hit $0.021.
The biggest challenge for SHIB to increase in price is that there are just too many of them! Currently, there are nearly 589 trillion SHIB tokens in the market. However, if the Shiba Inu team can find a way to burn some tokens, effectively destroying a portion of them, we might see the price of $0.021 sooner.
It is said that the SHIB team is brainstorming innovative ways to burn tokens, aiming to eliminate trillions of them each year. If this plan succeeds, the dream of becoming a SHIB millionaire might not be far off. But investing comes with risks, and one should be cautious when entering the market; everyone should consider their own situation and not just think about getting rich while forgetting the risks.
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