Supermarket Warehouse Manager Becomes a Crypto Millionaire Rob invested $8,000 in Shiba Inu coin and sold relatively early – some of the earliest SHIB holders could've even become multi-billionaires – cashing out $500,000 after a few months of holding. The final blow-off top for SHIB increased his profit to $1 million.
Who created the Shiba Inu Coin? In 2020, an anonymous person or group called Ryoshi created a token named after the animal to continue the series of dog meme cryptocurrencies. After gaining a lot in value in 2021, it officially became Dogecoin's rival, leading Floki Inu, Akita Inu, and Dogelon Mars.
Prospects of becoming a SHIB millionaire
Even though SHIB is trading with five zeros at the moment, the community continues to believe that SHIB will eventually reach 1 cent and $1 over the long term. For Shiba Inu to attain the $1 benchmark, it will have to initiate a whopping 13,209,939.6% rise [refer chart above].
Another way to earn money through this popular meme coin Shiba Inu is by using it to purchase items or services. Some merchants accept cryptocurrency as a form of payment, so if you have SHIB tokens, you can use them for purchases.
How Much Needed to Become a Millionaire at SHIB's ATH. At its all-time high value of $0.00008845, an investor would need approximately 11.31 trillion Shiba Inu tokens to become a millionaire. However, market participants would need less money to procure 11.31 trillion SHIB due to its price decline.
In dollar terms, had you invested $100 on Jan. 1, 2021 and held on until today, you'd be sitting on an absolute fortune worth almost $14.5 million. But believe it or not, that's after Shiba Inu tokens plunged in value by 87%.
Accordingly, at its all-time high, Shiba Inu had an implied valuation of nearly $50 billion (factoring in token inflation to today). If Shiba Inu were to, theoretically, surge to the $1-per-token level, that would imply a valuation of a little more than $589 trillion.
Shiba Inu addresses together holding 1 million to 100 million SHIB account for 68.94%of all holders,or 805,210 addresses. 1,208,838 Shiba Inus are listed as owners. This implies the commercial influence of these Shiba Inu millionaires. Shiba Inu proponents assert that this is an excellent time to acquire.
Shiba Inu Coin Price Analysis and Forecast 2022-2030
However, it is predicted that in the early stages of a bullish market, it can gain upside momentum by 2022. According to crypto analysts, if the crypto market rebounds to 2021 performance, Shiba Inu's price can reach $0.0001 in 2022.
Following in the footsteps of Dogecoin, Shiba Inu entered the market with its unique take on the meme-inspired cryptocurrency. The Shiba Inu community, known as the “Shib Army,” quickly formed a strong bond, united by their enthusiasm for the project and their love for the Shiba Inu breed.
Current value of 1000000000 SHIB in USD is 8,380 USD
This is the real-time data fetched from our partnered price aggregators. At the moment, you are looking at the conversion of 1000000000 SHIB when 1 SHIB is valued at 0.0000083 USD.
Based on our SHIB price forecast, the highest Shiba Inu price for 2030 will be $0.0001. Although there is scope for it to climb higher, $0.01 is unrealistic since it would make SHIB's market cap too high.
30000000 SHIBA INU is 246.585712 US Dollar.
The most obvious explanation for why Ethereum whales are buying Shiba Inu is that the digital coin has a much more attractive price than it's had in quite a while. Shiba Inu has plunged more than 70% over the past three months. The last time that Shiba Inu was near its current price was back in early October of 2021.
If Shiba Inu rallies hard and reclaims its ATH of $0.00008616, the $1,000 investment done today could turn to $13,094. That's an uptick and returns on investment (ROI) of approximately 1,300%. In conclusion, an investment of $1,000 when SHIB is at $0.00000658 would allow investors to accumulate 151 million tokens.
Because of this, the largest holder of Shiba Inu is a dead wallet containing the contents of his Shiba Inu burn. The wallet holds 41% of the SHIB supply and has been topped up by further burns. The 2nd largest holder belongs to an anonymous investor who holds 48 trillion SHIB, or 8% of the total circulation.
However, Shiba Inu's price Prediction of whether it's a long-term investment is now a discussion. Analysts have various views on Shiba Inu's price in ten years which is said to increase to US$0.002 in 2030, whereas others predict it may cross the US$0.009 level in 10 years.
Our most recent Shiba Inu price forecast indicates that its value will increase by 6% and reach $0.08834233 by July 31, 2023.
Before 2040, the Shiba Inu team might burn half of its token supply. By 2040, we may expect an average price of $0.076 if current growth continues. In the long term, the Shiba Inu Coin has huge potential.
500000000 SHIBA INU is 3906.245 US Dollar.
Current value of 1000000 SHIB in USD is 8.44 USD
This is the real-time data fetched from our partnered price aggregators. At the moment, you are looking at the conversion of 1000000 SHIB when 1 SHIB is valued at 0.0000084 USD.
Unraveling the Enigma of Vitalik Buterin's Dead Wallet
This particular wallet currently holds a staggering 410,326,013,787,703 tokens, accounting for approximately 41% of the total supply. Interestingly, this wallet has also received additional SHIB burns, further deepening its significance within the SHIB ecosystem.
It would take SHIB 19 years to reach 1 Cent if its coins were burned at a rate of 50% per year during the next 20 years. This presupposes Shib will carry out the expansion plans described below.
Overall, if you're making a Shiba Inu price prediction, the 1 cent price level is more or less out of the question. With the current circulating supply, Shiba Inu is unlikely to reach 1 cent any time soon. The overall market cap of Shiba Inu has been fluctuating around $4 billion for the last couple of weeks.