There is no denying Shiba Inu’s (SHIB) popularity among crypto fans and investors. The asset is one of the most successful projects in recent times. Since its launch in August 2020, till it hit an all-time high of $0.00008616 in October 2021, SHIB’s price rallied by many million percent. Early investors made millions of dollars in profit with minimal capital.
While many believe the SHIB boat has sailed, others think there is still time to make it big with the dog-themed crypto.
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How To Be A Millionaire When Shiba Inu Hits $0.0006?
To have a million dollars worth of SHIB, when each token costs $0.0006, you will need about 1,666,666,666.67 (1.66 billion) tokens. The price of 1.66 billion SHIB right now is about $42,700. If successful, your portfolio will grow by about 2241.9%.
While the price increase would be commendable, the question is when SHIB can hit the $0.0006 price point.
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When Will The Asset Hit $0.0006?
According to Telegaon, SHIB could hit the $0.0006 target sometime in 2030. The platform anticipates SHIB to trade at a potential maximum price of $0.000712 in 2030. Despite the bullish outlook, the platform does not clarify the month when SHIB could achieve its target.
Changelly analysts are slightly bearish on SHIB. The platform predicts the dog-themed crypto will hit the $0.0006 level in October 2033.
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One of the most significant catalysts for Shiba Inu’s (SHIB) incredible run in 2021 was Vitalik Buterin’s massive token burn. Buterin received half of the asset’s supply upon launch. Buterin, the co-founder of Ethereum, decided to burn 90% of the tokens he received. His actions led to a significant dip in supply and a price increase. If the SHIB team can undertake another massive burn, we may hit the $0.0006 target much sooner than anticipated.