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Shiba Inu: How Many Tokens You Need To Make $5 Million If SHIB Hits $0.01?

Vignesh Karunanidhi
Vignesh Karunanidhi
January 4, 2024
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.

Considering the current market conditions, the quest to become a Shiba Inu millionaire demands a meticulous strategy and timely initiation. Amid the current market conditions, seizing the opportunity to acquire SHIB today holds the promise of substantial gains. However, the question remains: how much SHIB is needed to secure a million-dollar fortune?

As of the latest market update, SHIB is valued at $0.0000109. For aspiring SHIB millionaires eyeing the $5 million mark for $0.01 per coin, the formula is clear: divide the desired target of $5,000,000 by the price of $0.01. This arithmetic translates to the acquisition of 500,000,000 SHIB.

Also read: 3 Altcoins Ready for Potential 2024 Breakouts

How much SHIB do you need to become a millionaire if the price hits $0.01?

To determine the current cost of this strategic investment, the quantity of SHIB (500,000,000) is multiplied by the existing price. This amounts to $5450.

This fundamental calculation holds for investors setting their sights on earning $1 million or $2 million when SHIB inevitably ascends to the $0.01 price threshold. The journey to Shiba Inu millionaire status in the long-term trading realm is indeed feasible, albeit demanding a substantial capital foundation.

Also read: Shiba Inu: What Will You Do If SHIB Reaches $0.01?

The Significance of the $0.01 Milestone

Shiba Inu stands out as one of the most important digital currencies on the market. Despite a measured growth trajectory following recent market trends, SHIB has yet to breach the crucial $0.001 resistance point.

Market dynamics notwithstanding, experts believe that the true FOMO (fear of missing out) on SHIB will grip the market when the cryptocurrency reaches the $0.01 price target.

With an all-time high at $0.000088, the $0.01 milestone seems like a far-away milestone for Shiba Inu. However, with the current price of Shiba Inu, investors have to wait patiently for that milestone to be reached.

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