How Much You Need to Make $10K, $30K, and $50K If Shiba Inu Hits $0.0005 and $0.005
This analysis examines how much one needs to invest in Shiba Inu to make $10K, $30K, or $50K if its price reaches $0.0005 or $0.005.Shiba Inu stands among the assets that have delivered life-changing returns for investors, particularly those who have remained steadfast. Currently, Shiba Inu trades at $0.000027, reflecting a year-to-date growth of 161%.Although it still trades with four leading zeros, market analysts have highlighted the possibility of SHIB eliminating another zero in the near future. This article explores how investors could leverage Shiba Inu to amass lump sums of $10K, $30K, and $50K should the price reach higher levels, such as $0.0005 or $0.005.How Much You Need to Make $10K, $30K, and $50K If Shiba Inu Hits $0.0005With Shiba Inu trading at $0.000027, attaining the $0.0005 price point would require a growth of 1,751%. To benefit from this 18-fold price expansion, an investor would need to hold 20 million units of SHIB tokens. At Shiba Inus current market value, 20 million tokens cost $540.Essentially, an investor must commit $540 to acquire 20 million SHIB tokens to earn $10,000 in the future, should the price appreciate to $0.0005 per token.Meanwhile, to see a $30,000 return from Shiba Inu at the $0.0005 price, one must hold three times as many SHIB tokens. Acquiring 60 million SHIB tokens today costs $1,620.Similarly, the $50,000 target requires five times more capital, at $2,700, as an investor must hold 100 million Shiba Inu tokens today to position for the $50K goal.Making $10K, $30K, and $50K If Shiba Inu Hits $0.005Meanwhile, optimism for Shiba Inu to cancel even more zeros and trade as high as $0.005 is prevalent in the crypto community. For context, reaching $0.005 from Shiba Inus current market value would demand an astronomical price surge of 18,418%. This essentially implies a massive 184-fold return on the initial investment.In this case, making $10,000 from Shiba Inu would require holding 2 million SHIB tokens, which costs just $54 today. Likewise, making $30,000 requires an investment of $162 or holding 6 million SHIB tokens. To realize $50,000 from Shiba Inu at a price of $0.005, an investor must be holding 10 million tokens, which costs $270 today.When Can Shiba Inu Reach $0.0005 and $0.005?In May, an analyst using the Elliott Wave Theory suggested that Shiba Inu could reach $0.0005, citing the completion of a fifth wave on the weekly chart. The analyst predicted that SHIB will recover from past losses and potentially rally to $0.0005059. This projection suggests that this price level is attainable the season by 2025.However, analysts at Telegaon projected a six-year timeline for Shiba Inu to reach $0.0005. Analysts at Changelly also agree with this timeline, but they suggested a seven-year window.As for the more ambitious $0.005 level, Telegaon suggested a 2024 timeline, while Changelly analysts do not see the projection materializing in any foreseeable future.
Text source: The Crypto Basic
