Hereās When $1,000 Worth of Shiba Inu Can Become $1M
Individuals investing $1,000 today in Shiba Inu may set a two-decade timeline to realize a return of $1 million from SHIB.
Shiba Inu investors are shouldering significant losses as SHIB plunged to $0.0000173 earlier today. This low price was last seen in late February, shortly before the explosion to the three-year high.
Essentially, most market participants who engaged with SHIB before the start of the last bullish wave are underwater. Meanwhile, many market watchers previously projected the this downturn. Accordingly, they urged enthusiasts to see these low values as an attractive buy zone before the next bullish wave.
With this optimism, individuals committing $1,000 into the Shiba Inu market today with a long-term perspective may be curious to know when their investment could be worth $1 million. This is due to multiple accounts of individuals who turned a few hundred dollars into multimillion-dollar fortunes by investing in SHIB.
When $1,000 Shiba Inu Can Become $1M
At press time, Shiba Inu hovers around $0.00001807. A $1,000 investment can amass 55,340,343 SHIB tokens at the current price.
For this investment to make one a millionaire, Shiba Inu must cancel three leading zeros to trade at $0.01807. Emphatically, Shiba Inu must surge by 99,900% for this price level to become a reality.
Looking back at its history, Shiba Inu has seen an even more domineering upsurge. The Crypto Basic reported that SHIBās rally post-2020 halving was over 884,300% increase.
Moreover, at its current value, market data sourced by CoinMarketCap indicates that Shiba Inuās gains since its launch in August 2020 stand by as much as 1,353,726%.
However, while SHIB canceled six zeros within a year between 2020 and 2021, the likelihood of a similar occurrence is low. As a result, well-known prediction portals like Telegaon and Changelly have suggested Shiba Inu could cancel three more zeros in sixteen years.
Shiba Inu Spot ETF Next After Launch of Regulated Shib Futures: Expert
Coinbase Derivatives to Launch Regulated $SHIB Futures Contract Last week, Coinbase Derivatives requested permission from the U.S. CFTC to launch regulated futures contracts for Shiba Inu alongside four cryptocurrencies: Stellar (XLM), Chainlink (LINK), Polkadot (DOT), and Avalanche (AVAX). The derivatives exchange disclosed plans to list the products under a self-certification model scheduled for July 15, 2024.
The cryptocurrency market seems to be bouncing back from the recent sell-off. Bitcoin ($BTC )has risen 4% in the daily charts on Monday, currently trading at just over $63,000. Shiba Inu ($SHIB ) also shows recovery signs, rallying 3.3% in 24 hours and 2.4% in the weekly charts. The popular dogcoin continues to glow red in the 14-day and monthly charts, falling 14.8% and 31.3%, respectively. How high will Shiba Inu rise in July 2024?
CoinCodex data tells us that SHIB may rally to $0.00003857 this week. Reaching $0.00003857 from current levels would entail a growth of about 122.5%. The platform does not anticipate SHIBās price to hold at 0.00003857, predicting a correction soon after. CoinCodex expects SHIB to fall to around current levels and consolidate for the remainder of the month. Changelly has given a similar forecast for Shiba Inu. The platform expects SHIB to rise to $0.00003752 on July 5, 2024 but may fall to as low as $0.00001588 on July 28, 2024. The anticipated increase in value could be the result of investorsā excitement over the expected early-July launch of an Ethereum ETF. SHIB and other altcoins could see a sharp increase in value if an Ethereum ETF causes a substantial influx of capital into the cryptocurrency market. Anticipations of a Federal Reserve interest rate reduction might also potentially elevate market sentiment, resulting in increased allocations to high-risk assets. #AirdropGuide #shiba ā” #SHIBAUSDT #SHIBAnalysis #SHIBAnalysis
āWoof woof - untapped potential š¶š„ $SHIB has a current market cap of approximately $16.9 billion - imagine the ecosystem that could emerge if all those holders became active traders and DeFi enthusiasts. Builders would flock from all areas of blockchain to join this great revolution. It's time to wake up and participate Shibes! ā #AirdropGuide #shibaā” #SHIBAUSDT #Shibalnu #SHIBAnalysis
Trading is 80% mental. And 20% is education. A positive mindset can turn bad trades into learning experiences and good trades into routine. Market conditions and $LUNC will improve. We must maintain a positive mindset #LUNC #LuncReachOneDollar #LUNCUSD #Lunc2TheMoonSoon #luncforever
Since 2022 #Binance has supported the $LUNC community by burning MILLIONS of dollars worth of the supply through their trading fees. The #Lunaclassic community is grateful to have the support from the worldās largest #CRYPTO exchange, and looks forward to the future. šš¤²š» #LUNC #Megadrop
ENS Multi-Signature Contract Unlocks Tokens Worth Approximately $7.89 Million
According to Odaily, Arkham's monitoring has revealed that an ENS multi-signature contract address has unlocked 248,227 ENS tokens from the ENS time-lock contract today. These tokens are estimated to be worth around $7.89 million.
As of now, this multi-signature contract address holds a total of 4,377,000 ENS tokens. The value of these tokens is approximately $139 million. The unlocking of such a significant number of tokens indicates a substantial movement within the ENS market.
The ENS multi-signature contract address and its activities play a crucial role in the ENS market. The unlocking of these tokens could potentially impact the market dynamics. However, the specific effects of this unlocking remain to be seen. The current holdings of this address underline its significant position within the ENS market.
Since @BtcTurk_Global delisted #LUNC ,And donāt seem too concerned with recovering the $LUNC still sitting in your deposit wallet, any chance you can just go ahead and burn that too? š„š„š„
On Behalf of the LunaClassicNetwork and itās Community we would like to thank @Binance for their continued Support burning 1,708,195,065 Billion $LUNC as part of their monthly #LUNCUSD Burns š„
Our 8th weekly buy back has been initiated Our #LUNC reserve is growing and so are the buy backs of MBA token! We plan on heavily adding to our reserve to rapidly speed up buy backs and appreciate MBA We are working very hard to revive #LunaClassic #USTC #BNB #Crypto
This is wonderful #LUNCcommunity , Staking has reached 1.01 Trillions of #LUNC coins blocked, and keeps increasing, @Binance just burned 1,7 Billions of $LUNC . TFL is close to Burn 1.8 Billions of #USTC and 222 Millions of #LuncClassic . Are you paying attention to these facts?.