Shiba Inu (SHIB) has turned numerous early investors into multi-millionaires. The popular dogcoin’s performance in 2021 solidified its name as a millionaire-maker. SHIB’s stellar returns made it a popular asset among new investors who wanted to make it big in crypto in a short time.
Also Read: Shiba Inu: You Could Have Made $2.7 Million By Investing Just $15
To have a million dollars worth of SHIB at $0.007 per coin, you will need about 142,857,143 coins (142 million). The price of 142 million SHIB right now is around $2425.71. In this scenario, your portfolio’s value will have grown by 41,125%.
When will Shiba Inu hit $0.007?
While it is easy to calculate how many tokens are needed to be a millionaire at $0.007, the hard part is waiting for SHIB to reach the target. SHIB’s price has struggled to gain momentum after its October 2021 peak. The recent theft of over $100 million worth of SHIB tokens from the WazirX crypto exchange has also caused much fear among investors.
According to the researchers at Changelly, Shiba Inu will hit the $0.007 mark sometime between 2033 and 2040. Telegaon analysts also paint a similar picture for SHIB, predicting it to hit the $0.007 mark sometime between 2035 and 2040.
Also Read: Shiba Inu Market Cap Predicted To Hit $100 Billion: Here is When
There is a way for SHIB to hit the $0.007 level much sooner than predicted. If the project can drastically reduce SHIB’s circulating supply, it could lead to a surge in price. Ethereum co-founder Vitalik Buterin’s massive SHIB burn in 2021 was one of the driving factors behind the asset’s incredible rally. Buterin burned almost half of SHIB’s supply in 2021, leading to a massive dip in supply. If a similar burn can be undertaken, we may witness the $0.007 price level much sooner than forecasted.