The Shiba Inu (SHIB) ecosystem is known for its capability to produce millionaires and billionaires. But this was back in 2021 when the asset witnessed a massive spike and hit an all-time high of $0.00008845. At present, the meme coin is 84% below this peak. Reaching this level could bring about life-changing returns for many.
Also Read: Popcat and Dogwifhat (WIF) Price Prediction For The Weekend
Current SHIB Price and Investment Potential
At the time of writing, SHIB was trading at $0.00001358, up about 2% the previous day. At the asset’s current price point, $14 will get investors more than a million tokens. Put differently, you can invest as little as $14 to become a SHIB millionaire. A total of $14 will get you 1030927.83 SHIB tokens.
Also Read: Will XRP Reach New Heights? Experts Weigh In on 2025 Forecasts
When Will SHIB Achieve the 1 Cent Dream?
The entire cryptocurrency industry has eagerly awaited SHIB’s hit of $1 cent. Considering the asset’s growth of 16656712.43% since its inception, this seems like a feasible mark.
Sadly, the asset does not have enough momentum to witness this rise. According to Telegaon’s projection, Shiba Inu could reach $0.01 by 2035 or 2040.
Potential Millionaire Status with SHIB
If this one-cent price target is ever achieved, all it would really take for an investor to become a millionaire is a small amount of SHIB. However, the investor will need patience, as this is possible only in the next decade.
To sit on a $1 million investment, one would only need 100,000,000 (100 million) Shiba Inus at that price. Given the current price of SHIB, these tokens are currently worth $1,358.
Also Read: Trump’s Crypto Venture: Launching on Elon Musk’s X Next Week
While Shiba Inu has shown potential, the market eagerly awaits the asset to witness a notable spike.