Shiba Inu (SHIB), one of the most prominent meme coins, has gained massive popularity for its ability to deliver extraordinary returns to early investors. During its initial rise, SHIB turned several investors into millionaires and even billionaires, becoming a symbol of the explosive potential of cryptocurrency.
Since its launch in 2020, SHIB has experienced immense growth, skyrocketing by an astonishing 1,596,625.49%. This incredible growth was fueled by a combination of social media hype, community support, and the broader cryptocurrency bull run. While SHIB’s price has since stabilized compared to its early meteoric rise, many believe the coin still holds potential for future gains.
However, the question remains—can SHIB’s growth continue at a scale that allows new investors to achieve financial freedom or even retire?
Can You Still Retire with Shiba Inu?
According to CoinMarketCap, Shiba Inu (SHIB) was trading at $0.00002318, reflecting a 4.46% rise in value over the past 24 hours. This small recovery follows a tough week for the popular meme coin, which saw a significant decline of 10.73% over the last seven days. The drop has pushed SHIB further away from it’s all-time high of $0.00008845, reached in October 2021 during its peak rally.
An individual’s location plays a significant role in determining the funds required for early retirement. For example, someone living in a country with a lower cost of living might retire comfortably with $800,000, while the same amount may not suffice for someone in a wealthier country like the US and UAE.
A CNBC article earlier this year reported that retirees would need a net worth of $2 million to comfortably retire in Hawaii for 25 years, taking into account the high cost of living in the state. For those considering cryptocurrency as part of their retirement portfolio, Shiba Inu (SHIB) could be an intriguing option.
At its current price, an investment of $10,000 would yield approximately 454,545,454 SHIB tokens. To meet the $2 million retirement benchmark, the price of SHIB would need to rise to $0.0044 per token. This represents a 19,900% increase from the current price of $0.000021. At $0.0044, Shiba Inu’s market value would reach $2.59 trillion, surpassing Bitcoin’s current market value of $2.01 trillion by 28.85%.
According to our Shiba Inu (SHIB) price prediction, the Shiba Inu coin could reach this price between 2035 and 2040. Although it’s a long wait, positive market sentiment could drive the asset’s growth over time.
Also Read: Is XRP the Next Bitcoin? Here’s What You Need to Know
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.
