$ETH Even the bad market dip I earned €5,800 with Ethereum. | Shoaib kamyana on Binance Square

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$ETH Even the bad market dip I earned €5,800 with Ethereum.Read my pinned post, I earn weekly $ETH 

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Shiba Inu investors could see their $100 SHIB investment skyrocket to $1 million if the price surges to historic levels. Over the years, crypto assets like Shiba Inu have established themselves as suitable investment vehicles for investors seeking to turn meager capital like $100 into life-changing gains of up to $1 million. It is worth mentioning that Shiba Inu helped many investors achieve this milestone in the 2021 market cycle. While it remains unclear whether SHIB can replicate this performance, this article estimated the growth rate needed to transform a meager $100 investment into $1 million.

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Shiba Inu might remove another zero from its price if SHIB proportionally tracks Bitcoin’s gains to Ark Invest’s target of $2.4 million. Like most crypto assets, Shiba Inu has closely followed Bitcoin’s price action in recent times. Leading blockchain analytics platform IntoTheBlock puts Shiba Inu’s 30-day correlation with Bitcoin at 82%, indicating that the world’s largest cryptocurrency strongly influences SHIB’s price action. Based on this strong correlation, many wonder how high SHIB’s price could climb if it grows in tandem with Bitcoin and the premier asset reaches Ark Invest’s $2.4 million target.

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#SaylorBTCPurchase If the global crypto market cap rises to $30 trillion and Shiba Inu continues to maintain its 0.29% dominance, its price will also grow proportionally. Last week, the broader crypto market staged a relief rally after the U.S. dollar index (DXY) crashed to a three-year low. This decline helped to position cryptos as a store of value, similar to precious metal gold. Following the DXY plunge, Bitcoin’s price surged above $95,000, pushing the global crypto market cap above $3 trillion. Despite Bitcoin’s drop below the $95,000 mark, the total crypto valuation still stands close to the $3 trillion milestone.

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If the global crypto market cap rises to $30 trillion and Shiba Inu continues to maintain its 0.29% dominance, its price will also grow proportionally. Last week, the broader crypto market staged a relief rally after the U.S. dollar index (DXY) crashed to a three-year low. This decline helped to position cryptos as a store of value, similar to precious metal gold. Following the DXY plunge, Bitcoin’s price surged above $95,000, pushing the global crypto market cap above $3 trillion. Despite Bitcoin’s drop below the $95,000 mark, the total crypto valuation still stands close to the $3 trillion milestone.

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Yi He is a Chinese entrepreneur and investor best known for founding Binance, the world's largest cryptocurrency exchange, with Changpeng Zhao. She serves as the Chief Marketing Officer leading business, marketing, and branding strategy at Binance and is also the head of Binance Labs.

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