After adding two zeros to the chart for the past six months, Shiba Inu is currently trading at $0.00000675. SHIB went into reverse in the second quarter of 2023 as its price barely moved up and gave back most of its gains. Its price is now at yearly lows and accumulating millions of tokens is currently cheaper than before. An investor only needs to buy and accumulate 1 million SHIB tokens at a price of $6.5.
However, considering that if you don’t want to invest in SHIB and just want to hold 1,000 tokens safely, will it make you a millionaire when Shiba Inu rebounds and reaches $0.01 or $1 in the future? In this article, we will focus on whether you can become a millionaire by owning 1,000 SHIB tokens.
Shiba Inu: Will 1,000 SHIB Tokens Make You a Millionaire?
The price of Shiba Inu can only surge if the market enters a bull run and replicates the rally of 2021. The SHIB ecosystem is expanding, and new products such as Shibarium, SHIB: The Metaverse, etc. are about to be released. Developments may continue to expand the price of SHIB in the index and may remove its zero point in the future.
Still, despite the price increase, the chances of owning just 1,000 SHIB tokens making you a millionaire are slim. To make $1 million with just 1,000 tokens, SHIB would need to reach its price target of $1,000 per token. Reaching that level is simply impossible because there isn’t that much money in the world to make it a reality.
If this happens, its market cap will be larger than the world economy and global GDP. Therefore, there is more chance of the world ending than an investor becoming a millionaire with 1000 SHIB tokens.