Here’s When Holding 100,000,000 Shiba Inu Could Turn Into $1 Million

With Shiba Inu’s recovery attempt losing steam, we’ve highlighted the potential timelines for growing the value of a 100 million SHIB portfolio to $1 million. 

Shiba Inu’s recovery from this month’s devastating collapse has stalled over the past few days. After SHIB dropped to $0.00001031 on April 7, it bounced back to the $0.000012 price mark a few days later. 

While many expected SHIB to continue its recovery and aim for lofty targets like the $0.00002 mark, SHIB has remained stagnant at around $0.000012. 

Investors Remain Confident About Becoming Millionaires Via SHIB

This underperformance has put many SHIB investors in losses, with 85.5% of all Shiba Inu on-chain addresses holding a whopping 842.2 trillion tokens at a loss. 

Despite this, investors have continued to believe in SHIB’s prospects. This is reflected in 77% of all Shiba Inu blockchain addresses holding the coin for more than a year, according to IntoTheBlock’s data. 

Turning 100M SHIB to $1M  

Based on this wave of confidence, we estimated how long it would take for a 100 million SHIB purchase to grow into a $1 million holding. 

As of 6:56 a.m. (UTC) on April 19, SHIB was trading at $0.00001219, with a market cap of $7.18 billion. At the current price, investors must commit a capital of $1,219 to scoop up 100 million SHIB tokens. 

If Shiba Inu rises to a price target of $0.01 or one cent, the portfolio of 100 million SHIB tokens would be worth $1 million. However, hitting the highly ambitious one-cent dream requires a hefty surge of 81,934% from the current price. 

A price target of $0.01 would put Shiba Inu’s market cap at $5.89 trillion, assuming there are no changes to SHIB’s circulating supply of 589.25 trillion.