🔥🔥🔥 As #shibaInu Stays Above $0.000024, Here’s How Much You Need to Make $1M if $SHIB Rises 1000%
The recent slump in the Shiba Inu price has created an opportunity for investors to acquire it at a discounted rate, aligning with the goal of achieving a $1 million portfolio.
#cryptocurrency markets have recently witnessed a downturn, with Bitcoin (BTC) plummeting below the $65,000 mark, primarily triggered by hotter-than-expected U.S. inflation data. This has led to a sell-off in risk assets as investors seek safer havens.
Shiba Inu has also been affected by this market turmoil, experiencing a significant decline. However, many see this as a chance to buy the dip and acquire assets at reduced prices.
Yesterday, Shiba Inu dropped to a one-month low of $0.00002140 before recovering slightly. Despite trading above the $0.000024 level, it remains down by 11% over the last 24 hours, with a notable 10% decline recorded yesterday.
Currently priced at $0.00002450, investors seizing the opportunity to buy Shiba Inu at a discount are entering the market, accumulating more tokens in anticipation of a potential price recovery towards the $0.00003 region.
Some market participants have set ambitious targets for SHIB, envisioning a 1,000% increase. At its current position, Shiba Inu would reach a high of $0.0002695 if it achieves this target.
While this represents a lofty goal, analysts from platforms like Changelly believe it's possible, albeit not during this market cycle. Changelly analysts project a timeline of March 2030 for Shiba Inu to hit $0.0002695, while Telegaon predicts an average price of $0.000289 by 2028.
Investors are considering the potential for a 1,000% surge in SHIB, calculating how much they'd need to invest to reach $1 million. At the projected price of $0.0002695, around 3.7 billion SHIB tokens, valued at $90,909, would be required. However, it's crucial to approach such projections cautiously, considering the speculative nature of cryptocurrency markets.
Source - thecryptobasic.com