Shiba Inu is currently trading at the $0.000009059 mark in the early days of February 2024. This is now the cheapest price investors could get to accumulate SHIB tokens in their portfolios. The dog-themed token has always been considered a low-hanging fruit as its price is affordable to the average investor. A common investor can get to buy millions of Shiba Inu tokens without burning a hole in his or her pocket.
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Now that SHIB is trading with five ‘zeroes’ in the indices, the opportunity to buy millions of tokens is cheaper. An investment of $9.06 initiated today can fetch investors to accumulate 1,000,000 (1 million) SHIB tokens. The affordability comes after Shiba Inu relentlessly dipped in the charts for the last six months.
Therefore, a mere $9.06 can make investors hold the title of a Shiba Inu millionaire in their respective portfolios. However, if Shiba Inu hits the $0.01 mark someday in the future, the same $9.06 investment could turn into $10,000. That’s an uptick and return on investment (ROI) of more than 100,000% on the $9.06 investment initiated today.
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In addition, an investment of $100 today could fetch holders to accumulate approximately 11 million tokens. Therefore, if SHIB reaches the 1-Cent milestone someday, the $100 could balloon to $110,000. That’s a return of more than tenfold compared to buying the token today at cheaper yet affordable prices.
Shiba Inu: The Millionaire Status of SHIB
The Shiba Inu ‘millionaire’ is only through token accumulation and not by the ‘US dollars’ earned. Nonetheless, if the markets recover and kick-start a bull run, the two might overlap, and eventually, the tokens could turn into US dollars. However, that’s a long way to reach as the price target of $0.01 could take decades to achieve.
Also Read: Shiba Inu Unlikely To Hit $1
There are chances that SHIB might never hit the $0.01 mark also, as the SHIB burns through Shibarium are meager. The circulating supply of 549 trillion tokens is a cause for worry as there are too many SHIBs in circulation. Therefore, it is advised to do thorough research before taking an entry position into SHIB.