Shiba Inu: How Much Will $100 SHIB Be Worth If It Reaches ATH?

Lavina Daryanani
Source: Binance

Shiba Inu has been one of the top-performing assets over the past day. It has appreciated by more than 10%, bringing its market cap to $5.82 billion. Shiba Inu’s latest pump comes at a time when the broader crypto market is consolidating. As pointed out in an article recently, the asset’s valuation is up by more than 66% from its May lows.

SHIB has successfully managed to renew its uptrend in the mid-term frame. However, it continues to be significantly undervalued when compared to its peak. The asset attained its ATH of $0.00008854 in October 2021.

SHIB/USDT by TradingView

Also Read: Shiba Inu Forecasted To Rise 300% & Reach $0.00003: Here’s When

How much will you make if SHIB reclaims its peak?

Let’s say, you invest $100 on Shiba Inu. From the current price of $0.00000965, SHIB will have to appreciate by 817.51% to attain its all-time high again. In such a scenario, the $100 investment would be worth $917.51.

Also Read: Shiba Inu: 2 Ways SHIB Could Reach $0.01

Shiba Inu accumulation has been going on for quite some time. Data from IntoTheBlock pointed out that over the past 30 days, addresses holding 100 billion to 1 trillion SHIB have increased by 9.85%. Parallelly, addresses holding up to 1 billion SHIB have also increased by nearly 3%.

Over the short term, traders continue to remain optimistic. SHIB’s long-to-short ratio was hovering at 1.21, with bullish derivatives trades making up more than 54% of the total trades. Furthermore, the funding rate was also positive, and flashed a reading of 0.0193 at press time, reinforcing the bullish narrative.

Also Read: Shiba Inu: Shytoshi Kusama Unveils Shib SSI Launch Details, Here’s When