There are multiple ways to make $1 million if Shiba Inu hits the $0.01 mark someday in the future. One such way is by investing less than $1,000 in SHIB and playing the long-term waiting game.
This investment process might not work well for investors who want short-term gains and quick profits, as SHIB reaching $0.01 shortly seems impossible. Therefore, the path explained in this article to attain $1 million in profits when SHIB hits 1 Cent is for long-term holders only.
Also Read: Shiba Inu: Finder’s Predict SHIB To Rise 450%, Here’s When
Shiba Inu: Here’s How a $905 Investment Could Turn Into $1 Million If SHIB Reaches $0.01
Shiba Inu is currently trading with five ‘zeroes’ in the charts at $0.000009053 on Friday. Therefore, an investment of $905 at the current price could fetch investors 100,000,000 (100 million) SHIB tokens. Accumulating 100 million SHIB tokens for $905 today and playing the long-term waiting game might bear fruits if it hits $0.01.
Also Read: Shiba Inu: $100 Investments Turn into $50 Million in February 2024
In simple calculation, 100 million (tokens) x $0.01 (price) makes the value reach a staggering $1 million. Owning 100 million SHIB tokens could turn $1 million if Shiba Inu reaches the $0.01 milestone in the long term. While this is one way to attain $1 million, the flipside is that there’s no guarantee that SHIB will reach $0.01.
The Shibarium burns are meager making the token to find it hard to climb above the $0.01 mark. The circulating supply of 549 trillion tokens is also a major hindrance for it to hit the 1-cent target.
Also Read: Shiba Inu Unlikely To Hit $1
In addition, SHIB has been struggling to delete a ‘zero’ for six months with little to no positive price actions. The cryptocurrency market is on a slippery slope due to global macroeconomic conditions that could affect leading altcoins. The path to reach the $0.01 mark for Shiba Inu is now becoming difficult by the day.