The early investors of Shiba Inu (SHIB) have made millions of dollars in profit, and in some cases even billions of dollars. Since its launch in August 2020, SHIB’s price has skyrocketed by millions of percent, reaching an all-time high in October 2021. Those who missed the first wave of SHIB’s massive rally are wondering if the SHIB ship has already set sail. Others are waiting for SHIB to reach the moon again.
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If the price of SHIB reaches $0.0005, you would need 2,000,000,000 (2 billion) tokens to have a value of $1 million. Currently, the cost of 2 billion SHIB is approximately $34,540. If this transaction happens, your portfolio would grow by around 2,795%.
When will Shiba Inu reach $0.0005?
Source: Twitter
After reaching its peak in 2021, SHIB’s price has struggled to gain momentum. There was a brief rebound in March, driven by Bitcoin’s all-time high.
Several factors contributed to the rebound in 2021. The entire market was experiencing a rebound, with some assets hitting new all-time highs. Vitalik Buterin also helped boost SHIB’s price by burning a large number of tokens. Buterin received half of the supply of SHIB during its launch. He decided to burn 90% of the tokens he received and donate the remaining to charity. Both of these developments contributed to SHIB’s price rising by millions of percent. SHIB would need a similar market environment to reach $0.0005.
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Changelly predicts that Shiba Inu will reach the $0.0005 level around 2031, approximately seven years from now. The platform expects SHIB’s highest price this year to reach $0.0005419458.
Telegaon is more optimistic about SHIB, forecasting that the asset will reach the $0.0005 milestone in 2029, approximately five years from now.
