Shiba Inu (SHIB) is one of the most popular cryptocurrencies on the market. The incredible price increase of this asset during the 2021 bull run has cemented its position as a “millionaire coin”. Investors who participated in the project in its early stages have reaped huge profits with minimal investment.
This Shiba Inu Dog Was Worth $1000 And Would Be Worth $31.7 Million Today
If you invested $1,000 in SHIB in August 2020, that investment would be worth $31.7 million today. The increase in value would translate to a growth of approximately 3,172,403.73% (3.17 million percent).
Shiba Inu (SHIB) reached an all-time high of $0.00008616 on October 28, 2021. If you sold your tokens when SHIB was at its peak, you would have earned up to $103 million. In this case, your portfolio value would have increased by 10,303,317.81% (10.3 million percent).
When Will $1000 Memecoin Become $1 Million?
If you bought $1,000 of Shiba Inu (SHIB) today, you would receive approximately 40,355,125.10 (40.35 million) tokens. For 40.35 million tokens to be worth $1 million, the price of each coin would need to reach $0.02478. The price of SHIB would need to increase by approximately 99,900% to reach $0.02478.
According to Changelly, SHIB will reach $0.02478 sometime after 2050. The platform predicts the asset will trade at a maximum price of $0.0148 in 2050.
Telegaon is more bullish on Shiba Inu (SHIB). The platform predicts the asset will reach $0.02478 sometime between 2035 and 2040.
There is a possibility that SHIB will reach $0.02478 much sooner than expected. If the project sees a huge increase in adoption and if the team reduces the number of tokens in circulation, we could reach $0.02478 much sooner.
