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How Much Shiba Inu Do You Need To Make $10 Million If It Hits $0.1?

Paigambar Mohan Raj
Paigambar Mohan Raj
February 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.

Shiba Inu (SHIB) has gained a reputation for turning early investors into multi-millionaires. Investors could have made over $1 billion by investing as little as $6,200. While many believe that the SHIB boat has sailed, others believe there is still time to make it big with the popular memecoin. SHIB fans, collectively known as the SHIB Army, are pursuing the “one-cent dream.”

Also Read: Shiba Inu: You Could Have Made $1 Billion With Just $6.2k in SHIB.

If Shiba Inu’s (SHIB) price reaches $0.1, it will translate to a growth of about 1,109,408.49% (1.1 million percent). Such massive growth will likely turn many investors into multi-millionaires. If SHIB reaches $0.10, you will need 10,000,000 tokens (10 million) to have one million dollars worth. The price of 10 million tokens right now is about $90.7. Turning less than $100 into $1 million will be among the most profitable trades ever.

When will Shiba Inu (SHIB) reach $0.1?

Shiba Inu To 1$: When Can SHIB Reach This Level

One million percent growth will take a long time to achieve. However, it is not something that Shiba Inu (SHIB) has not achieved before. In its first year, SHIB’s price rallied by many million percent before hitting its all-time high of $0.00008616. Hence, the token can replicate its 2020-2021 rally.

According to Changelly, Shiba Inu (SHIB) may reach the $0.10 level sometime after 2050, almost 26 years from now. Telegaon, on the other hand, anticipates SHIB to reach $0.10 sometime between 2040 and 2050. Either way, investors will have to wait a long time if both platforms are correct.

Also Read: Shiba Inu: $100 Investments Turn into $50 Million in February 2024

However, during the 2020-2021 rally, Ethereum co-founder Vitalik Buterin burned almost half of Shiba Inu’s (SHIB) supply. Buterin had received half the supply upon launch and decided to burn 90% of the tokens. The project could rally over one million percent if the SHIB team can carry out a similar burn. The team is working on a new burn mechanism that could potentially burn trillions of tokens yearly. The new burn mechanism could help push SHIB’s price to the $0.10 target much sooner than anticipated.

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