Shiba Inu retains a spot among the biggest gainers in the past month, eliciting speculations about the amount required to realize substantial gains if it hits record levels.
Shiba Inu (SHIB) has secured a spot among the largest gainers over the last month. This impressive performance has triggered confidence, with investors speculating the required amount for mouth-watering gains should a more impressive rally ensue.
Investors who missed out on the previous Shiba Inu rally in 2021 are looking to leverage a similar run for substantial gains. Amid these speculations, how much would you need to make $1 million if SHIB eventually hits $0.0001, $0.001, $0.01, or $1?
SHIB at $0.0001 and $0.001
Shiba Inu is changing hands at $0.00001026 as of press time. If SHIB claims a $0.0001 price, an investor must hold 10,000,000,000 (10 billion) tokens to sit on a $1 million investment. These 10 billion tokens are worth $102,600 at current prices.
Similarly, if Shiba Inu rallies to $0.001, an investor holding 1,000,000,000 (1 billion) SHIB tokens would be sitting on $1 million. At Shiba Inu’s current price of $0.00001026, market participants can procure these 1 billion tokens for $10,260.
SHIB at $0.01 and $1
Despite the low likelihood of Shiba Inu hitting $0.01 or $1, some proponents have continued to champion narratives of such price rallies. A $0.01 price would require a massive rally from Shiba Inu.
However, should the asset claim this price, 100 million SHIB would be worth $1 million. Investors can amass these 100 million tokens with $1,026 if they pour their investments into Shiba Inu at the current price.
Interestingly, while a $1 price for Shiba Inu remains an improbable target, market participants have not shied from projecting it. A $1 price for SHIB would make a mere 1 million tokens worth $1 million. These 1 million tokens are currently worth $10.26.
Shiba Inu Price Prospects
Despite the prevalence of these ambitious price targets in the Shiba Inu community, it is crucial to note that SHIB’s potential to hit them remains to be seen. Particularly, the targets of $0.001, $0.01, and $1 are unlikely to materialize in the foreseeable future.
As a result, investors should not consider this a call for investment due to the unpredictable nature of the market. Notably, SHIB would need to rally by 9,646%, 97,365%, and 9,746,488% to reach $0.001, $0.01 and $1.
