Shiba Inu: If the Price hits $0.00001, How Much to Make $1 Million?
Shiba Inu (SHIB) has struggled to remove the ‘zero’ it gained in May 2023. Nonetheless, users are still in pursuit of removing the zero, albeit it is taking quite a bit of time. Another question has since plagued the minds of investors. If SHIB reaches $0.00001, how many tokens would be needed to make $1 million?
The $0.00001 goal is not too far from SHIB’s current levels. The growth would mean a rally of about 19%. A gain of such proportions has been achieved multiple times by the project. To make a million dollars, once Shiba Inu (SHIB) reaches $0.00001, an investor would require about 100 billion tokens. At current prices, 100 billion SHIB tokens would cost about $840,000.
Also Read: Shiba Inu or Dogecoin: Which Token Can Make You a Millionaire First?
Although the investment is quite large, the question is no longer about “if” SHIB would reach $0.00001, but rather it is about “when” SHIB would reach $0.00001.
When can Shiba Inu reach $0.00001?
The only thing that could propel SHIB’s price by 19% is the Shibarium launch. Although a sudden rise in funds could do the trick, some external stimuli are needed to garner such a development. Shibarium will introduce a new blockchain for the Shiba Inu ecosystem. This could significantly drive up demand for the popular memecoin. An increase in demand is the only thing that could warrant such a rally.
Many proponents have said that burns could also push SHIB’s price. However, as pointed out by Shibburn, SHIB’s burn tracker, burns without demand will do little to push the asset’s price.
Also Read: Shiba Inu Burn Tracker Explains Why Burns Are Not Moving Prices
At press time, SHIB was trading at $0.00000840, down by 0.9% in the last 24 hours. It should be noted that SHIB has finally crossed the $0.000008 resistance level, which it was struggling to do for a long time.
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