Ethereum
Here’s How Many Shiba Inus You Need To Earn To Win $1M, $5M, $10M If SHIB Reaches Kusama’s $1T Market Cap
Shiba Inu investors may need modest to high SHIB tokens to realize returns of $1M, $5M, or $10M if SHIB reaches a $1T market cap, as Kusama projected.
Shiba Inu and other major assets are currently benefiting from the relief rally seen across the market. Shiba Inu price has climbed 5.5% over the past seven days to reach $0.00001787. Additionally, SHIB has also seen a 24-hour growth of 4.46%, with its daily volume currently sitting at $480.81 million.
Shiba Inu is ranked as the 13th largest cryptocurrency at the time of writing, with a market cap of $10.52 billion.
Kusama Wants to Make SHIB the First Billion-Dollar Decentralized Entity
It is worth mentioning that Shiba Inu remains one of the best performing cryptocurrencies of all time. According to Arabian Business magazine, Shiba Inu increased by more than 27,000,000% between January 2021 and October 2021, reaching an all-time high of $0.00008845 on October 28, 2021.
Despite this remarkable performance, Shiba Inu lead developer Shytoshi Kusama, believes SHIB is still a puppy. This comment suggests that SHIB could still reach greater heights as he grows up and becomes a full-fledged dog.
During interview With Arabian Business, the Shiba Inu leader affirmed that the ecosystem team’s goal is to make SHIB the world’s first trillion-dollar decentralized entity.
SHIB Price If It Hits $1,000,000 Market Cap
The potential rise in Shiba Inu’s market cap to $1 trillion would position the token as the second-largest cryptocurrency after Bitcoin. At press time, Bitcoin has a valuation of $1.31 trillion.
According to a recent analysisShiba Inu could trade at $0.001697 per token if it eventually reaches a $1T market cap, assuming its circulating supply of 589.27T tokens remains stable.
To reach the $1T market cap, SHIB would need to increase 9,402% from its current valuation of $10,523,000,846 ($10.52 billion).
SHIB to earn $1M, $5M, and $10M if Shiba Inu reaches $1T market cap
Among the plans to make SHIB a trillion-dollar decentralized entity, we highlighted the number of Shiba Inu tokens needed to generate a yield of $1 million, $5 million, and $10 million if this prediction comes to fruition.
$1M target
Many Shiba Inu investors are hoping to make their first $1 million from the popular dog-themed token. Specifically, investors need to hold at least 589,275,191 (589.27 million) SHIB tokens to earn $1 million if SHIB reaches a $1 trillion market cap.
At the current price of $0.00001787, these tokens are worth $10,530. Therefore, 589.27 million Shiba Inu tokens purchased today at $10,530 could net an investor $1M if SHIB eventually reaches a $1T valuation or a price of $0.001697 per token.
How to make $5 million if SHIB hits $1 trillion cap
Investors need to hold more Shiba Inu tokens to make a profit of $5 million if SHIB reaches the projected cap of $1 trillion. To reach this goal, one needs to hold 2,946,375,955 (2.94 billion) SHIB, which can be purchased today at $52,651.
This $52,651 investment will become $5M if SHIB ultimately reaches a valuation of $1T or a price of $0.001697 per token.
Earn $10 Million if SHIB Hits $1 Trillion
An investor would need to hold more SHIB tokens to amass $10 million when SHIB reaches its projected $1 trillion market cap. Specifically, a balance of 5,892,751,915 (5.89 billion) SHIB is needed to generate a return of $10 million if Shiba Inu eventually reaches the $1 trillion market cap, as Kusama predicted.
Currently, these tokens are priced at around $105,303. Therefore, with 5.89 billion SHIB, an investor can earn a return of $10 million if Shiba Inu reaches a valuation of $1 trillion.
Disclaimer: This content is informational and should not be considered financial advice. The opinions expressed in this article may include the personal opinions of the author and do not reflect the opinion of The Crypto Basic. Readers are encouraged to conduct thorough research before making any investment decisions. The Crypto Basic is not responsible for any financial losses.
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