Shiba Inu (SHIB) has had ample success in its four short years. The asset’s price skyrocketed within months of launching. Early investors made massive returns with small investments. People with regular jobs were able to retire at an early age. Many quit their jobs to live the millionaire dream. The stories of people making generational wealth with SHIB skyrocketed the coin’s popularity among new investors.
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How To Become A Millionaire With Shiba Inu When It Hits 1 Cent
To have $1 million worth of SHIB coins at 1 cent each, you will need 100,000,000 (100 million) coins. The price of 100 million SHIB tokens right now is about $1199. If successful, your investment will grow by 83,302.84%.
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While the growth is commendable, it is nowhere close to SHIB’s 2021 rally. The asset’s price rallied by many million percent when it hit an all-time high of $0.00008616 in October 2021. One of the most substantial drivers for SHIB’s incredible rally was Vitalik Buterin’s massive token burn. Buterin received half of SHIB’s entire supply upon launch. The Ethereum co-founder decided to burn 90% of the tokens he received. The supply dip led to a massive price spike.
Can The Asset Hit $0.01?
Despite Vitalik Buterin’s massive token burn, there are still about 589 trillion SHIB tokens in circulation. If the price of each Shiba Inu (SHIB) token hits $0.01, the project’s market cap will hit $5.89 trillion. This is a very unrealistic figure. In this situation, SHIB would dwarf companies like Apple and Microsoft.
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To realistically hit $0.01, SHIB’s supply has to be reduced. If the team undertakes another 2021-like burn, we could see another massive price spike for the asset.
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