Shiba Inu (SHIB) has seen a fair bit of success in just three years of launching. The asset rallied by many million percent a few months after its debut. Early investors in SHIB have reaped millions of dollars in profit and, in some cases, billions. However, SHIB’s price has been on a downtrend after hitting its all-time high of $0.00008616 in October 2021.
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While many believe that the Shiba Inu (SHIB) boat has sailed and it is too late to make it big with the memecoin, others think there is still time. The popular memecoin is down by over 89% from its 2021 peak. Despite the price plummet, SHIB fans, popularly known as the SHIB Army, are pursuing the “one-cent dream.”
How to be a billionaire when Shiba Inu (SHIB) hits $0.01?
To have one billion dollars worth of Shiba Inu (SHIB) at $0.01, you will need 100,000,000,000 (100 billion) tokens. The price of 100 billion SHIB right now is about $929,700. The rise in value would translate to a growth of about 107461%. While the figure may seem massive, it is not something SHIB has not attained before. As mentioned above, after just one year of its debut, SHIB rallied by many million percent. Hence, there is a possibility that the token can do it once again.
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However, the journey to $0.01 is not easy. Shiba Inu’s (SHIB) massive supply is one of its most significant barriers. If the token hits $0.01 with its current supply of 589 trillion, the project’s market cap would be unrealistically large. Hence, the SHIB team has to drastically reduce the token’s supply to aim for higher prices. One of the biggest catalysts for SHIB’s 2020-2021 rally was Ethereum co-founder Vitalik Buterin‘s massive SHIB burn. Buterin received half of SHIB’s supply upon launch. However, the Ethereum chief decided to burn 90% of the tokens, which significantly helped SHIB’s rally.