How Many Shiba Inus Will It Take to Amass One Million SHIB?
You see, the Shiba Inu is now worth just $0.000013. Its price has dropped around 5% from seven days ago, but it has stayed very much the same from 24 hours ago.
According to Ramos, if the price of Shiba Inu were to rise to $0.00003, the current owner of 33.33 billion SHIB ($446,789 at today's pricing) would become a billionaire.
This price objective might be difficult to reach for Shiba Inus given the current market cycle, since a rally of more than 100% would be required.
Ramos would have to more than treble his current holdings of SHIB o claim ownership of one million dollars if Shiba Inu's value were to jump one digit beyond that, reaching $0.0003.
But the influencer doesn't think SHIB ll ever go over $0.003 since it would put the token's market valuation on par with Bitcoin's trillions of dollars ($BTC), which is very improbable.
Nevertheless, it is possible to reach $0.00003 by 2024. Keep in mind that April 2 of this year was the last time SHIB ded at that level.
The pricing data for the past three months shows a continuous fall since then.
There is a solid support level around $0.0000125 for Shiba Inu, but the patterns indicate that a bearish descending triangle might swiftly halt any increase, so even if the price recovers, it will certainly fall again, perhaps even below support.
It is possible that $SHI$SHIB be overpriced by tomorrow morning due to its growing relative strength (RSI) index of 56. Price action below existing support might be a result of profit taking.
