The Shiba Inu [SHIB] ecosystem is loved by many for a lot of reasons. This includes its ability to dramatically improve the financial status of individuals. The asset created many millionaires and billionaires during its 2020-2021 rally. While the price of the meme currency hasn’t yet reached that point, the community is hopeful. Although the asset is presently trading at a low, investors in SHIB may find that the narrative will change. As a result, some investors have been looking to invest in the asset.
At press time, Shiba Inu was trading at $0.00001638 following a 0.44% rise over the last 24 hours. The meme coin recorded a massive 29% dip throughout the past 30 days. Considering its current price levels, an investment of $1,000 could be life-changing if held for a long period of time.
Also Read: Shiba Inu (SHIB) Predicted to Hit $0.001 After Ethereum ETF
Shiba Inu’s Journey To $1 Million
At the current pricing, one can get 55,340,343 SHIB tokens with a $1,000 investment. Shiba Inu has to eliminate three zeros for this investment to earn someone the millionaire title. The asset should be trading at $0.01807. It is very clear that in order for SHIB to reach this pricing point, they must increase by 99,900%.
In addition, Telegaon predicted that by 2040, SHIB will trade around the $0.054 level. This means that investors who invest $1,000 now might have to wait two decades to receive their $1 million payout from Shiba Inu. Factors like market sentiment and regulatory hurdles or changes will also come into play while the asset strives to move in either direction. Patience is a must for investors to survive the volatile cryptocurrency market.
Also Read: Shiba Inu: Major New Update Could Send SHIB To $0.01