A portfolio of 100 million Shiba Inu tokens could be worth a fortune if SHIB’s price rallies to $0.001.
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@Lachakari_Crypto Shiba Inu community members have mixed reactions following the asset’s recent bearish price action. SHIB has dropped 3.01% in the past 24 hours, falling below the $0.000012 territory.
As of press time, SHIB was trading at $0.00001189, marking a 7-day decline of 8.16% and a 30-day dip of 18.87%. This recent underperformance has dashed many investors’ hopes for a rebound, with some voicing their frustrations on social media.
However, others remain optimistic about Shiba Inu’s prospects, viewing the dip as a blessing in disguise. These investors aim to grow their SHIB holdings amid the downturn, anticipating a potential price surge to ambitious targets like $0.001.
Current Worth of 100M SHIB
If SHIB reaches this projected target, a portfolio of 100 million SHIB tokens could be worth a fortune. At the current price of $0.00001189, investors can procure 100 million SHIB for $1,189.
According to IntoTheBlock data, 71,510 addresses hold at least 100 million SHIB tokens, representing 4.89% of Shiba Inu’s on-chain addresses. The cumulative balance of this class of investors stands at 17.94 trillion SHIB, equivalent to $213.3 million.
Although the cost of acquiring 100 million tokens may seem modest today, their value could increase dramatically if SHIB’s price rises to $0.001.
Value of 100M SHIB Portfolio at $0.001
For SHIB to hit the $0.001 target, it would need to eliminate two leading zeros from its current price. From $0.00001189, this represents a required rally of approximately 8,310%.
At the projected price of $0.001, a holding of 100 million SHIB would be valued at $100,000, yielding a return of $98,811 from the initial $1,189 investment.
Most Analysts Think $0.001 Is Feasible for Shiba Inu
While the potential gains are enticing, the big question remains whether SHIB could clinch the $0.001 target in its lifetime. For context, such a price surge would push Shiba Inu’s market cap to $589.25 billion, assuming its total supply remains around 589.25 trillion tokens.
Interestingly, several crypto analysts believe that $0.001 is a realistic target for Shiba Inu.
In October 2024, widely followed analyst Crypto Sheriff projected that SHIB was on track to hit the $0.001 target. His predictionfollowed Shiba Inu’s breakout from a descending triangle chart pattern.
Earlier, crypto expert LuckSide Crypto predicted that SHIB was poised for a move toward $0.001. According to LuckSide, potential catalysts include increased whale activity and minimal upside resistance.
Additionally, shortly after the SEC approved several spot-based Ethereum ETFs in May 2024, Coinpedia Markets speculated that inflows into ETH could positively impact SHIB’s price, potentially driving it to $0.001679.
Meanwhile, Changelly analysts forecast that SHIB could reach $0.001 sometime between 2035 and 2039. Telegaon offered a more specific estimate, predicting the milestone would be achieved by 2035.
Although many experts view $0.001 as a realistic long-term goal for SHIB, some remain skeptical, citing the token’s massive supply as a significant barrier.
DisClamier:
This content is informational and should not be considered financial advice. The views expressed in this article may include the author's personal opinions and do not reflect
@Lachakari_Crypto opinion. Readers are encouraged to do thorough research before making any investment decisions.
@Lachakari_Crypto is not responsible for any financial losses.
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