1 Cent Dream Coming True: 3 Ways To Enjoy When Shiba Inu (SHIB) Hits $0.01

Juhi Mirza
With Shiba Inu (SHIB) recently erasing one zero from its price, a top market analyst has uncovered the key target and support levels to watch out for going forward. Shiba Inu price erased one zero to trade at a 24-hour high of $0.00001462. Though the token had shown signs of an imminent rally for weeks, the current market momentum pushed its price to the highest level in more than 52 weeks. Judging by the current outlook, market analyst SHIB KNIGHT affirmed that Shiba Inu has surpassed all of his previous targets. To showcase the confidence in the current uptrend, SHIB KNIGHT dropped new targets and support levels to watch. Shiba Inu to $0.00001668? Per an accompanying price chart, the 3 targets and support levels unveiled are relatively bullish, as none of the latter targets shows a slump below the $0.00001 level. According to $SHIB KNIGHT, the current momentum might push Shiba Inu to $0.00001466, a price point that will slightly outpace the 52-week high. On a more promising basis, the analyst foresees SHIB soaring to $0.00001545, a level that is about 9.886% from the current level. SHIB KNIGHT is also optimistic Shiba Inu could rally as high as $0.00001668 and even beyond, per earlier projections. Though the potential timeline to achieve this feat was not highlighted, the projections have set the community on edge with pent-up anticipation of what to watch out for. Cautionary SHIB Note Amid the bullish targets, SHIB KNIGHT left room for unforeseen circumstances that might trigger a reversal in Shiba Inu’s uptrend. At the time of writing, Shiba Inu has maintained a 24-hour growth of 13.06%, taking its price and market cap to $0.00001409 and $8,285,705,642 respectively. Exactly $2,271,151,442 SHIB has been traded within the same time span. There are no guarantees that the market would not record a correction. Riding on this, SHIB KNIGHT pegged the first support level at $0.00001343 with a subsequent target of $0.00001306 if the selloffs persist. To cap his bullish disposition, the analyst believes the support zone at $0.00001258 is a formidable one for SHIB, a point at which another trend reversal might be recorded.

Shiba Inu has long been vying for the top spot. The token had taken the market by storm back in 2020 when it steadily built its reputation, delivering a stellar price rally for investors to bask in. The momentum helped investors gain significant profits while hoping for the token to hit major milestones, particularly breaching the coveted one-cent dream, which is SHIB crossing or trading at the ambitious $0.01 price mark. In a hypothetical sense, if the token manages to hit the aforementioned price mark, here’s how investors can make the most out of their profits.

Also Read: ‘Don’t Be Fooled by the Bounce’: BlackRock Predicts 20% Market Crash

Three Ways To Enjoy When Shiba Inu Hits $0.01

1. Diversify Your Investments

shiba inu sky
Source: Watcher Guru

This is a classic option, an alternative that investors must align their profits with to make the most out of their gains in particular. When SHIB hits $0.01, it’s best that investors continue to diversify their profits in the form of other solid investments, cultivating the habit of building wealth through accumulated profits. The diversification can happen in the form of stocks, bonds, or investments made in other valuable cryptocurrencies like SHIB.

2. Invest in Real-World Assets

Shiba inu money
Source: Watcher Guru

Once an investor has accumulated sizable returns when SHIB hits one cent, he or she can always invest in the RWA domain to work toward long-term wealth creation. This can happen in the form of collecting rare collectibles (tangible or digital), items of rare value to build wealth over time.

Also Read: Pi Network Eyes $3 as Price Rebounds 28% Amid Token Unlock Buzz

3. Upgrading Lifestyle and Skill Set

shiba inu money
Source: Watcher Guru

Additional money gained through SHIB one-cent profits can always be redeemed by making personal investments. An investor can simply decide to invest in a particular skill set to help him make more money or explore value-driven passions and endeavors to constantly ace the changing world dynamics.

Also Read: Is Now the Time to Buy Shiba Inu? Here’s What $2,000 Could Turn Into by 2027