Shiba Inu is still far from the $0.0001 goal, but how much would an investor make if the asset eventually hits this price target?
The markets have not been favorable to Shiba Inu (SHIB), but its goal to hit a new all-time high remains sustained. While SHIB is still far from $0.0001, investors remain hopeful of a surge to the price target. But how much would you make as an investor if Shiba Inu eventually hit this territory?
SHIB is currently trading below the $0.000007 zone for the first time in over one year and nine months. The last time Shiba Inu remained below this price level was in September 2021. Having closed four consecutive months with losses, SHIB is down over 51% since March.
However, despite the unfavorable situation, some investors have leveraged the downturn to amass more Shiba Inu tokens at a discount. Market participants often see bear markets as an opportunity to accumulate. However, this should not serve as advice to invest, as further dips may be possible.
Nonetheless, procuring SHIB at lower prices, such as its current value, gives investors an opportunity to rake in more returns when the asset eventually picks up.
For instance, a $500 investment in Shiba Inu would give investors 5.65 million tokens if purchased at the asset’s all-time high value of $0.00008845. These tokens would yield $565 if SHIB hits a price of $0.0001, generating a profit of a paltry $65.
However, at its current price of $0.0000069, purchasing SHIB with $500 would give an investor 72.46 million tokens. If an investor holds these tokens through the storm and Shiba Inu eventually hits $0.0001, they would yield $7,246. This represents a profit of $6,746.
Despite the attractive return on investment (ROI), the crypto market is not always this straightforward. As a result, investors are advised to duly consult with a licensed financial advisor before they make any investment decision.
This is because it is not guaranteed that assets can hit set targets. For Shiba Inu to reach $0.0001, it would need to rally by 1,349%, or 13.4x, from its current price of $0.0000069. While this is possible, it is not a guarantee.
SHIB could receive support from developments within the ecosystem as well as a renewal of investors’ interest which would pump in more demand. The asset’s circulating supply would also need to decrease.
If these ecosystem developments introduce enough utility and drive sufficient demand, Shiba Inu could have a chance at reaching the $0.0001 target, especially if the increased demand coincides with the next market-wide bull run. Meanwhile, SHIB currently seeks to reclaim the $0.000007 point, up 2% in the past 24 hours.
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Disclaimer: This content is informational and should not be considered financial advice. The views expressed in this article may include the author’s personal opinions and do not reflect The Crypto Basic’s opinion. Readers are encouraged to do thorough research before making any investment decisions. The Crypto Basic is not responsible for any financial losses.
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