Investors in Shiba Inu could potentially earn up to $10 million with just a few billion tokens, should SHIB reach prices of $0.00075 and $0.0075.
Despite the current bearish sentiment prevailing in the crypto market during “Uptober,” Shiba Inu has not been able to sustain the gains it acquired in September.
Optimism Prevails Amidst Bearish Start in October
SHIB kicked off October on a bearish note, echoing the market trend with a 6.55% decrease on Oct. 1. Although there have been efforts to recover in recent days, Shiba Inu still shows a 1.59% decline this month. Nevertheless, investors hold onto optimism that October could wrap up with significant profits.
One reason for this persistent optimism is Shiba Inu’s historical performance in October. Interestingly, SHIB has never ended October with losses since its inception. According to CryptoRank data, SHIB has shown an average return of +212% in the month of October.
As positive sentiments continue to grow, analysts have set various price targets for Shiba Inu. For instance, market analyst Mehrhpm hinted at a potential SHIB rally to $0.00075 in June. The Crypto Basic evaluated in May how long it would take for Shiba Inu to reach $0.007 with an annual spike of 100%.
Amidst this optimism, investors have been increasing their holdings in anticipation of substantial returns, with a focus on achieving millions. If Shiba Inu manages to reach prices of $0.00075 or $0.0075, these investment aspirations could come to fruition depending on the amount of tokens held by market participants.
Token Requirements for Achieving $1M, $5M, $10M at $0.00075
If SHIB reaches $0.00075, investors aiming for a return of $1 million would need to hold 1.33 billion tokens, which are currently valued at $23,079.
Similarly, those aiming for $5 million at the $0.00075 price level can achieve this target by holding 6.66 billion tokens, valued at $115,400.
Furthermore, for investors targeting $10 million with SHIB at $0.00075, they would require holdings of 13.3 billion tokens, costing $230,800 at the current price of $0.00001731.
Token Requirements for Achieving $1M, $5M, $10M at $0.0075
Conversely, at the $0.0075 price level, the token requirements for these investment goals are lower. An investor looking to secure returns of $1 million would only need to hold 133 million tokens if SHIB hits $0.0075, valued at $2,307 currently.
Similarly, to reach $5 million at the $0.0075 price range, an investor must hold 666 million SHIB tokens, which are worth $11,540 at the present time.
Finally, achieving the $10 million target would necessitate holding 1.3 billion SHIB tokens, valued at $23,079 at the moment.
