The Shiba Inu continues to cling to the dream of eventually reaching $0.001, but what return will a $100 investor achieve if SHIB achieves this goal?
The Shiba Inu Community (SHIB) hopes that the dog-themed asset will see a price of $0.001. While this price target sounds very ambitious, investors are wondering how much of an impact it could have on their investments if SHIB eventually reaches the price point.
Recall that the Shiba Inu fell to a shocking level of $0.00000543 on June 10, raising concerns. However, a $100 investment would have given investors a whopping 18.42 million SHIB tokens at that price. Given the recovery, $100 in Shiba Inu would give 446 million tokens at its current price of $0.0000224.
The 4.46 million SHIB would be worth $12,547 if the value of the Shiba Inu reached $0.001. This type of appreciation translates into a return on investment of 12,447%. If this is achieved, the investor will have made profits of over $12,400 with an initial investment of $100.
Shiba Inu to $0.001: Is it possible?
As most market observers and analytical resources have confirmed, it is possible for the Shiba Inu price to reach the $0.001 price level. However, they advise caution as the target price is not guaranteed. The Shiba Inu would require a 12,400% upside to reach $0.001.
Additionally, potential partnerships within the SHIB ecosystem will increase exposure and drive demand for dog-themed assets. These initiatives can support the Shiba Inu's goal of earning $0.001, especially during a bull market.
Notably, the most realistic price target for the Shiba Inu is the all-time high of $0.00008845 which was achieved in October 2021.
Having reached the target price in the past, market watchers believe that SHIB has a better chance of regaining $0.00008845 than reaching $0.001. However, if SHIB regains ATH, a $100 investment would yield $1,059.
Thank you for reading, remember to follow, like and advise
