Shiba Inu (SHIB) is responsible for the creation of several millionaires after its historic 2021 rally. Many people made millions with minuscule capital. Many others were too late to ride the SHIB wave. Those who missed out still wonder if they can make it big with the dog-themed crypto.
Can $5000 In Shiba Inu Help You Retire By 2035?
If you buy $5000 worth of SHIB today, you will receive about 434,782,608 (434.78 million) coins.
According to Changelly, SHIB could hit a maximum price of $0.000709 by the end of 2034. Let’s assume that the asset will hit an average of $0.0008 in 2035. At $0.0008 per coin, the value of the 434.78 million SHIB will reach $347,826.09. While the return is incredible, it is still way less than SHIB’s 2021 return.
Given the economic climate of the world today, $347,826.09 may not be enough to retire. The dollar will also face a lot of inflation in the next 10 years. $347,826.09 may not allow you to quit your job and live your dreams.
Telegaon analysts are more bullish on Shiba Inu (SHIB) than Changelly. The platform anticipates the asset to trade at a maximum price of $0.00216 in 2035. In this scenario, the 434.78 million SHIB tokens will be worth $939,130.44. This is a much better return. While the rise in value is commendable, having just short of a million dollars may not be enough to retire in many developed nations. You could move to an off-beat place where things are cheaper. But living in, let’s say, the US, with a little less than a million, would just not be possible in 2035.
Also Read: SHI Launch Could Ignite Shiba Inu’s (SHIB) Next Mega Rally: Here’s How
There is a possibility that Shiba Inu will introduce a new burn mechanism very soon. If the SHIB team can drastically reduce the asset’s supply, its price could go much higher in 2035 than predicted.