There is no denying that Shiba Inu (SHIB) has been among the most successful cryptocurrencies of the last four years. Since its debut in August 2020, the dog-themed crypto has rallied by many million percent, turning early investors into multi-millions.
Also Read: Shiba Inu: $1 Weekly Investments Since Launch is $6 Million Today
While many think that the SHIB boat has sailed and it is too late to invest in the coin, others believe there is still room for growth. With that said, let’s see if you can become a millionaire by 2030, by investing $500 in SHIB today.
Can $500 worth of Shiba Inu become $1 million by 2030?
If you purchase $500 of SHIB today, you will receive about 29,761,904.76 coins (29.76 million coins).
According to Changelly, SHIB’s price will hit $0.00036 by 2030. If this price level comes to fruition, the 29.76 million SHIB tokens would be worth $10,714.28, far from the $1 million target.
Also Read: Low-Risk Cryptocurrency Under $0.01 That Can Outperform Shiba Inu
Telegaon is more bullish on Shiba Inu, predicting the asset to hit $0.0007 in 2030. In this scenario, the 29.76 million SHIB tokens will be worth around $20,833.33, again missing the $1 million target.
To have a million dollars worth of SHIB at $0.00036, you will need about 2,777,777,777.78 (2.77 billion) tokens. The price of 2.77 billion SHIB right now is about $46,666.66.
On the other hand, to have a million dollars worth of SHIB at $0.0007, you will need about 1,428,571,428.57 (1.42 billion) tokens. The price of 1.42 billion SHIB right now is about $24,000.
Also Read: Shiba Inu: Here’s How To Be a Millionaire When SHIB Hits $0.007
Going by Changelly and Telegaon’s forecasts, just $500 won’t be enough to become a millionaire with Shiba Inu by 2030. Investors would need to increase their capital by a big percentage.