Shiba Inu investors who hold 100 million tokens at the current price could see their holdings skyrocket to $1 million if SHIB reaches $0.01.
Amid the ongoing collapse, Shiba Inu has faced market turmoil, falling nearly 45% from the yearly high of $0.000045 reached last month. Despite continued bearish pressure, optimism prevails within the Shiba Inu community as predictions of an imminent price recovery fill the space.
In particular, addresses holding at least 100 million SHIB, totaling 89,924, according to data from IntoTheBlock, could see their holdings reach $1 million at varying price levels. However, those holding exactly 100 million SHIB would need to wait for SHIB to erase three more zeros from its price.
This group of investors with a balance of 100 million tokens currently holds $2,483 worth of Shiba Inu at the current price of $0.00002483. The value of the 100 million SHIB would increase to $1 million if Shiba Inu reaches the lofty target price of $0.01.
Additionally, in February, Shiba Inu community figure Lola advocated for SHIB to hit $0.01, citing a glitch in US-based exchange Coinbase. In light of these predictions, The Crypto Basic presented three factors that could drive Shiba Inu to $0.01, including token burn, positive ecosystem developments, and the extension of the bull market.
While a combination of these factors could increase the chances of Shiba Inu reaching this price level, there is no guarantee that SHIB would achieve this feat.
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