Shiba Inu: See how to be a millionaire when SHIB hits $0.01

Shiba Inu (SHIB) has gained fame among young investors looking to grow in crypto. The canine-themed project turned several early investors into multimillionaires and, in some cases, billionaires. Although SHIB is on a downward trajectory after reaching its all-time high of $0.00008616 in October 2021, fans and investors are hopeful that the asset will gain momentum again.

SHIB fans and investors have long pursued the $0.01 (one cent) target. Many are hopeful that they will be able to settle down for life if SHIB achieves this feat. You will need 100000000 tokens (100 million tokens) to have a million dollars worth of SHIB at $0.01 per coin. The price of 100 million SHIB is now around $2,699. If SHIB hits $0.01, the portfolio value will skyrocket by about 36,950%.

When will Shiba Inu (SHIB) reach $0.01?

Shiba Inu (SHIB) and Dogecoin (DOGE) Price Prediction This Week

While there is a lot to be gained from SHIB reaching its one cent target, the journey there is not so easy.

According to Telegaon, SHIB could reach the $0.01 level sometime between 2035 and 2040, about 11 to 16 years from now.

Changelly also paints a similar picture for dog-themed crypto. The platform predicts that SHIB will reach $0.01 sometime between 2033 and 2040.

The massive supply of Shiba Inu (SHIB) is one of the most significant barriers to its price. The project has around 589 trillion coins in circulation. Reaching $0.01 with 589 trillion tokens in circulation would lead to an unrealistically large market cap. Therefore, the project needs to reduce supply before targeting higher prices.

The SHIB team said it is working on a new burning mechanism, which is said to burn trillions of tokens annually. $SHIB

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