An investor looking to become a millionaire when Shiba Inu rallies 10x and 50x would need to hold billions of Shiba Inu tokens.
Shiba Inu again joined a broader flush as corrective momentum prevailed. Its strong correlation with the wider cryptocurrency market ensured it participated in the recent dump, extending its 7-day loss to 6% and year-to-date retracement to 46%.
Bulls Still Hopeful
Nonetheless, an accumulation pattern has been noticed among holders, particularly those who have held for 1 to 12 months. A recent report by The Crypto Basic shows that addresses in this category, known as “Cruisers,” have amassed 29.57 trillion SHIB since the start of June, taking their stash to 199.13 trillion ($2.264 billion at the current market price).
Further, analysts have encouraged holders to stay with their Shiba Inu stash, assuring them that they won’t regret buying the high-ranking meme coin. A recent analysis also highlighted that if SHIB bounces off its current support range of $0.00001133 and $0.00001018, it would target an 80% and 100% rally to $0.00002174 and $0.00002418.
Shiba Inu’s Price if SHIB Rallies 10x and 50x
Meanwhile, others have targeted more ambitious forecasts of 10x to 50x. At the current price of 0.00001137, a 10x and 50x rally, although currently unfeasible, is not entirely impossible for Shiba Inu at the prevailing market conditions. Notably, if Shiba rallies 10x from here, its new price will be $0.0001137.
A 50x rally would make things more interesting. At the current price, such an uptick would push Shiba Inu’s price to a new all-time high of $0.0005685.
Remarkably, analysts have predicted that Shiba Inu would attain these prices. Dona noted last year that Shiba Inu is primed for a rally past $0.0001137 to $0.0001140, insisting that SHIB would peak at the price mark this cycle.
Shiba Inu Needed to Make $1M on a 10x and 50x Rally
To make $1 million when Shiba Inu rallies 10x to $0.0001137, you would need to hold 8,795,074,758 SHIB. At the current market price of $0.00001137, you need to spend $100,000 to acquire that much Shiba Inu.
Meanwhile, if Shiba Inu rallies 50x to $0.0005685, one would need to hold 1,759,014,951 SHIB to make one million dollars. At the current price, the Shiba Inu tokens go for $20,000.
Moreover, price predictions from Changelly have projected when Shiba Inu would attain these targets and make holders millionaires. It projected that SHIB would hit an average price of $0.0001137 by July 2030 and $0.0005685 by September 2034.
However, Telegaon foresees a closer timeframe, projecting an average price of $0.000153 by 2027 and a minimum price of $0.000593 by 2030. It is worth noting that these are merely predictions, and Shiba Inu may not reach these prices at the projected timelines.
Shiba Inu Price Predictions | Telegaon
