Here's how much you need to earn $50,000, $100,000, or $250,000 if Shiba Inu reaches $0.0065, $0.02, or $0.19.
Trend:
Shiba Inu is currently flirting with its 50-day exponential moving average (EMA) at $0.00002486, trading currently at $0.00002470 amid persistent market uncertainty. SHIB is down 19.68% this month, but market optimism remains high.
As a result, price projections towards bold targets have prevailed despite SHIB's current downward trajectory. One catalyst for this continued confidence is Shiba Inu's ability to close last month with an impressive 144.75% increase, maintaining above $0.000030.
Earlier this month, The Crypto Basic highlighted a report from a cryptocurrency exchange platform predicting that Shiba Inu would reach $0.0002, $0.002, and $0.02. According to Changelly analysts, SHIB could reach $0.02 by December 2040, essentially 24 years later.
If this materializes, investors looking for various profit margins must strategize accordingly. For those aiming for a gain of $50,000, they should hold 2.5 million SHIB, which implies an initial investment of around $61 based on current prices. To get a return of $100,000, they would need to double this amount, for a total of 5 million SHIB. This is equivalent to $123 at current rates. Meanwhile, to reach the $250,000 mark, investors would need a substantial investment of about 12.5 million SHIB, valued at $308 at prevailing rates.
It's worth mentioning that Shiba Inu saw a massive rally of 884,400% from January to October 2021, shortly after Bitcoin's halving that year. This rally saw it reach $0.00008845. If it reproduces this trajectory after the recent halving, it could reach $0.19, according to a report by The Crypto Basic.
In this scenario, the investment landscape changes considerably. Investors aiming for a profit of $50,000 would need a mere 263,157 SHIB, representing an initial investment of about $6.5. Doubling the investment for a $100,000 return would involve holding 526,315 SHIB, reflecting an initial investment of around $13 at current market rates. Finally, to reach the much-coveted $250,000 mark, investors would need a notable 1,282,051,282 SHIB, translating to an investment of around $250,000.
Essentially, as the token value of Shiba Inu increases, investors must adjust their investment strategies to reach desired profit targets. However, it's important to note that these goals are very bold, and SHIB may never reach them. Therefore, these projections should not be considered investment advice.