🟠 Can Shiba Inu ($SHIB ) Hit $0.001? What an 8,300% Surge Would Mean for Investors
Shiba Inu (SHIB) has experienced a significant price decrease of 3.44% over the last 24 hours, dropping to a low of below $0.000012. At press time, SHIB is trading at 0.00001174 and has experienced an 11.99% decrease in the previous week. The 30-day loss has jumped to 20.43%.
This decline has led to a definite split among investors, with some feeling shaken by the lack of confidence and others seeing opportunity. Social media has been flooded with angry posts from many investors. People have become disappointed as the expectations of a recovery soon have been subdued. Fear of additional losses and lack of confidence in the future are gradually gaining popularity in online media.
🔸 SHIB Investment Opportunity: 100M Tokens Now, $100K Potential
The price drop is viewed as a strategic entry point for investors who perceive the decrease in price as an opportunity to accumulate more SHIB. The goal is to reach the $0.001 level in the long term. The cost of investing in 100 million SHIB tokens would come to $1,174 at the current price of the token. In the event that the price reaches $0.001, the holding would then have a value of $100,000.
IntoTheBlock reports that almost 71,510 addresses currently have at least 100 million SHIB. These wallets represent 4.89% of all SHIB-holding addresses and collectively hold 17.94 trillion tokens, valued at approximately $213.3 million. The exciting potential returns continue to draw interest.
🔸 Can #SHIB Achieve $0.001?
To achieve the price range of $0.001, Shiba Inu (SHIB) would have to increase by more than 8,300% in price, beginning from its current price. This would increase the market capitalization of SHIB to approximately $589.25 billion, assuming no change in the circulating supply. This severe rise has started a critical debate among observers and investors.