Shiba Inu continues to hold on to the dream of ultimately hitting $0.001, but how much would $100 yield for an investor if SHIB achieves this goal?
The Shiba Inu (SHIB) community hopes to witness the canine-themed asset claim a $0.001 price. While this price goal seems highly ambitious, investors wonder how much of an impact it would have on their investment should SHIB eventually hit the price point.
Shiba Inu leveraged the latest market recovery to reclaim two psychological levels. Despite the bullishness of this recent price movement, it has eliminated the opportunity for investors to procure SHIB at much higher discounts, particularly below the $0.000007 value.
Recall that Shiba Inu plummeted to a shocking low of $0.00000543 on June 10, eliciting concerns. However, a $100 investment would have given investors a massive 18.42 million SHIB tokens at that price. Due to the recovery, $100 in Shiba Inu would give 12.54 million tokens at its current price.
12.54 million SHIB would be worth $12,547 if Shiba Inu attains a $0.001 value. This sort of appreciation translates to a 12,447% return on investment. Should this materialize, an investor would have raked in over $12,400 in profits with an initial $100 investment.
As most market watchers and analytical resources have affirmed, it is possible for Shiba Inu to hit the $0.001 price level. However, they have advised caution as the price target is not guaranteed. Shiba Inu would require a 12,400% rally to hit $0.001.
While such a rally is entirely possible for the asset, it remains unlikely, given current market conditions. The Shiba Inu community has welcomed the emergence of several projects, including Shibacals and Shibarium, which aim to provide utility.
In addition, potential partnerships within the SHIB ecosystem will bring further exposure to the canine-themed asset and attract demand. These initiatives can support Shiba Inu’s aim for $0.001, especially during a bull market.
Notably, a more realistic price target for Shiba Inu is its all-time high of $0.00008845 attained in October 2021. Having hit the price target in the past, market watchers believe SHIB has a better chance at reclaiming $0.00008845 than hitting $0.001. However, if SHIB reclaims its ATH, a $100 investment would yield $1,059.
Shiba Inu is changing hands at $0.00000797, up 1.66% in the last 24 hours. The asset has printed intraday gains for ten consecutive days, the longest winning streak in history. SHIB is currently looking to seal its position above the $0.000008 level.
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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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