After the launch of the Shibarium layer-2 network last week, Shiba Inu’s price is hovering around the $0.0000078 mark. A handful of investors purchased SHIB for the long term with the hopes of turning into millionaires someday. The token is a low-hanging fruit that’s up for grabs as its price is affordable to the average investor.
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Now that SHIB is trading with five ‘zeroes’ in the indices, here’s one possible way to achieve wealth when it begins to delete all its ‘zeroes’. In this article, we will highlight how to possibly make $1 million with an investment of $800 today if investors hold on for the long term.
Shiba Inu: How To Make $800 Turn Into $1 Million With SHIB?
Considering that Shiba Inu is trading at $0.0000078 today, investors get to accumulate approximately 101 million SHIB tokens for $800. The next move is to hold on to the 101 million tokens for the long term. If the Shibarium layer-2 network begins its ‘burning’ process and reduces SHIB’s circulation, the token will become scarce in the markets.
Also Read: Shiba Inu: Investor Would Have Made $40 Million With A $200 Investment
The move could sustainably scale SHIB’s price up as tokens would be sent directly to the dead wallet. If Shibarium becomes successful in ‘burning’ SHIB and making its price reach $0.01 someday, then the $800 investment made today by owning 101 million tokens will balloon to $ million. That’s an uptick and a return on investment (ROI) of about 128,000%. Whether SHIB will reach $0.01 or not, only time will tell.
Also Read: Shiba Inu: Investment of $103 Turns Into $1 Million in 3 Years
However, there is no guarantee that Shiba Inu will reach the $0.01 mark sometime in the future. There’s no concrete prediction that Shibarium will burn tokens, sending SHIB’s price towards the 1 Cent mark either. It is advised to do thorough research before taking an entry position into Shiba Inu and trade at your own risk.