Shiba Inu (SHIB) is one of the most successful and popular meme-based cryptocurrency projects over the past four years. Launched in August 2020, SHIB’s price soared during the 2021 bull market, increasing by millions of percent. Its remarkable performance turned the SHIB token into a potential “millionaire-maker,” with early investors enjoying profits in the six- to seven-figure range.
If you had invested $1 weekly in SHIB since its launch in August 2020, you would have contributed a total of $198. Over the past four years, your portfolio’s value would have soared to nearly $6 million, reflecting a staggering increase of 3,006,079%.
Note: If you had invested $1 weekly in Shiba Inu (SHIB) until it reached its all-time high of $0.00008616 in October 2021, you would have contributed a total of $65. In this case, your portfolio would have skyrocketed to a value of $12.3 million, representing an astounding increase of 19,064,676%.
Will Shiba Inu ($SHIB) Make You a Millionaire by 2030?
With such impressive growth, many are wondering if Shiba Inu has the potential to make investors millionaires by 2030. While it is impossible to predict the future, let’s take a look at some popular crypto firms predictions:
According to our expert’s technical and price analysis, the SHIB token has the potential to reach a maximum price of $0.000344 by 2030. To accumulate a million dollars worth at that price, you would need approximately 3.33 billion coins. Currently, acquiring 3.33 billion SHIB would cost around $56,066.66, leading to a projected profit increase of about 1683.5%.
FinanceShots is more bullish on Shiba Inu (SHIB) token, predicting that SHIB Could reach a maximum price of $0.00215 by the end of 2030. To hold one million dollars worth of SHIB at that price, you’d need approximately 465 million coins (465,116,279 Coins). Currently, 465 million SHIB Coins is valued at roughly 8039.75. If this scenario plays out, your portfolio could soar by about over 1,200x.
Also Read: Will the Spot Ethereum ETF Continue to Pull Back ETH Prices?
Disclaimer
The information in this article should not be considered financial advice, and the OvenAdd platform is intended only to provide educational and general information. Please conduct your own research and consult a financial advisor before making any investment choices.
