The frenzy of selling meme coins by the hundreds or thousands will not fade quickly. This is at least true from the strong narrative dominance of meme coins in 2024.
So, how much money is needed to turn Shiba Inu [SHIB] into millions?
Most analysts expect the market to rebound in early 2025. After this, they expect the market may pause in the summer, then rebound again from the third to fourth quarter of 2025, before entering a cycle peak.
Assuming they are correct, SHIB's two bullish targets are the March high of $0.00004567 and the 2021 high of $0.00008854. Achieving these targets would imply potential increases of 115% and 315%, respectively.
How much money does it take to become a SHIB millionaire?
What if SHIB fails to reach its 2021 peak? What is the next conservative target we can set?
Based on the Fibonacci trend tool tracked from the September low and March high, the next key target could be $0.00006958. Hitting this target would bring over 200% potential returns.
Therefore, if SHIB rises 115% to the March high or 200% to the key Fibonacci level, how much should you invest in SHIB to turn it into $1 million? Assuming the price rebounds from the trendline support (white) and the current price is $0.00002205, you need less than $500,000 to turn it into $1 million. For a 115% increase, you now need to invest $464,799 to make it $1 million. On the other hand, if SHIB rises by 200%, you need $333,102 to achieve $1 million. This only applies to the spot market without leverage.
If you choose 5x leverage in the futures market, the required capital can be reduced to about $93,000, or if you choose 10x leverage, the required capital can be reduced to about $34,000.
These estimates do not include trading, slippage fees, and liquidation risks, which may also increase your losses or wipe out all your capital if the market moves against your position.
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