#AirdropStepByStep $SHIB
with a value of $100 to $1 million if the price rises to historical levels.
Over the years, cryptocurrencies, such as Shiba Inu, have established themselves as suitable investment tools for investors seeking to turn a modest capital, like $100, into valuable gains reaching up to $1 million. It is worth noting that Shiba Inu helped many investors achieve this milestone during the 2021 market cycle.
While it remains unclear whether SHIB can replicate this performance, this article estimated the growth rate needed to turn a modest $100 investment into $1 million.
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Recent performance of Shiba Inu
In a related context, Shiba Inu is trading at $0.00001385 after its price dropped by 0.98% over the past day. Despite this slight decline, Shiba Inu has maintained most of its gains from last week, with an increase of 10.31%.
After maintaining most of its gains, Shiba Inu ranked seventeenth in the global cryptocurrency market capitalization rankings, unchanged from last week. Its market value at the time of publication was $8.15 billion.
Growth is required to turn $100 into $1 million
With a capital of $100, an investor can buy 7.22 million SHIB tokens at a price of $0.00001385. As of mid-April, the number of network addresses on the chain was around 325,000 that held at least $100 worth of SHIB tokens, according to IntoTheBlock data.
This portfolio of 7.22 million SHIB worth $100 could reach a target of $1 million if the price of SHIB rises to $0.1385 per token.
Achieving the $1 million goal with an initial investment of $100 requires the price of SHIB to rise by 999,900% from its current value to $0.1385. If SHIB achieves its target of $0.1385, early investors who invested $100 in SHIB at the current price would realize a return on investment of $999,900.
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Could the price of SHIB reach $0.1385?
The price exceeding $0.1385 encompasses most of the targets set for Shiba Inu, including the extremely ambitious one-cent target. Reaching this target would elevate the market capitalization of Shiba Inu to $81.61 trillion, assuming the circulating supply of Shiba Inu remains at 589.25 trillion tokens.
This high valuation exceeds the current market capitalization of major global assets like gold, Bitcoin, and silver. At the current supply, it is unlikely that SHIB will reach its target of $0.1385.
Therefore, a significant portion of Shiba Inu tokens must be destroyed to enable SHIB to achieve the $0.1385 target without increasing its market capitalization to $81.61 trillion.
In a hypothetical scenario where the supply of Shiba Inu drops to 10 trillion tokens and its price reaches $0.1385, the market capitalization of Shiba Inu would rise to a realistic target of $1.38 trillion.
SHIB price prediction to $0.13
Meanwhile, many analysts still believe that SHIB is capable of reaching its target of $0.1385 during its operational period. Earlier this year, The Crypto Basic estimated that the price of SHIB could rise to $0.13 if it repeated its performance in 2021, increasing by 884,400% from $0.00001520 - its price at the time of the report.
The marketing officer of Shiba Inu believes that it is possible for the price of Shiba Inu to exceed $0.13 to reach higher targets such as $1. The leading AI chatbot, ChatGPT, also predicts that the price of Shiba Inu will approach its target of $0.13 by 2029, which is four years from now.
It is worth noting that the leading prediction platform Telegon has set a specific timeline for achieving the $0.13 target. According to Telegon, SHIB will reach the $0.13 level between 2041 and 2049.
