Shiba

Ethereum

Shiba Inu

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 <p>Shiba Inu (SHIB) has turned many early investors into multi-millionaires and, in some cases, even billionaires. Since its launch in August 2020 to its all-time high in October 2021, SHIB’s price spiked by over 67 million percent. However, since October 2021, the asset has been on a downward trajectory, apart from a few sporadic rallies.</p>
 <p><strong>Also Read: Shiba Inu: If You Invest $1k, What’s Your Profit if SHIB Hits ATH? </strong></p>
 <p>If SHIB were to hit a price of $0.05, it would mean a growth of about 599420%. Although the figure is significant, it is not something the project has not achieved before.</p>
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 <h3 class="wp-block-heading" id="h-how-much-shiba-inu-shib-is-needed-to-be-a-millionaire-at-0-05">How much Shiba Inu (SHIB) is needed to be a millionaire at $0.05?</h3>
 <figure class="wp-block-image size-full"><img decoding="async" width="1024" height="538" src="https://cdn.thebittimes.com/images/2023/11/11/faf3b6ed9ff0fb1c80bff9204141e75d.webp" alt="Shiba Inu" class="wp-image-117035" srcset="https://cdn.thebittimes.com/images/2023/11/11/faf3b6ed9ff0fb1c80bff9204141e75d.webp 1024w, https://cdn.thebittimes.com/images/2023/11/11/faf3b6ed9ff0fb1c80bff9204141e75d.webp 300w, https://cdn.thebittimes.com/images/2023/11/11/faf3b6ed9ff0fb1c80bff9204141e75d.webp 768w, https://cdn.thebittimes.com/images/2023/11/11/faf3b6ed9ff0fb1c80bff9204141e75d.webp 380w, https://cdn.thebittimes.com/images/2023/11/11/faf3b6ed9ff0fb1c80bff9204141e75d.webp 550w, https://cdn.thebittimes.com/images/2023/11/11/faf3b6ed9ff0fb1c80bff9204141e75d.webp 800w" sizes="(max-width: 1024px) 100vw, 1024px">
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   Source – Criptokio
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 <p>If SHIB reaches a price of $0.05, you would need about 20,000,000 (20 million) tokens to have $1 million worth. Twenty million SHIB tokens at current rates is about $166. Hence, with just over $166, an investor can become a millionaire, given that SHIB hits $0.05.</p>
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 <p>However, the question now becomes whether Shiba Inu (SHIB) can realistically reach $0.05 or not. If SHIB achieves a price of $0.05 and its circulating supply remains at its current number of 589 trillion, the market cap would hit a whopping $29 trillion. This figure is unrealistic as it would mean the project has more money than many countries.</p>
 <p><strong>Also Read: Shiba Inu: What Happens If SHIB Burns 99% of Its Supply?</strong></p>
 <p>Hence, SHIB can only achieve a price of $0.05 if it significantly reduces its supply. The project will have to carry out a burn on the scale of Ethereum co-founder Vitalik Buterin’s SHIB burn in 2021. SHIB founder Ryoshi sent half of SHIB’s supply to the Ethereum co-founder, who decided to burn 90% of the tokens he received. Burterin’s decision played a significant role in SHIB’s massive rally in 2021.</p>
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<p>Source: <a rel="noopener noreferrer nofollow" target="_blank" href="https://thebittimes.com/shiba-inu-how-much-to-invest-to-be-a-millionaire-if-it-hits-0-05-tbt69943.html">https://thebittimes.com/shiba-inu-how-much-to-invest-to-be-a-millionaire-if-it-hits-0-05-tbt69943.html</a></p>

Shiba Inu: How Much To Invest To Be a Millionaire If It Hits $0.05?

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