The article discusses the potential for Shiba Inu (SHIB) to rally and provide investors with significant gains. Despite a recent collapse in value, SHIB has shown resilience and is currently up 6.43% over the past 24 hours. However, only 13.74% of SHIB holders are in profit, while the majority are at a loss or at breakeven. Some investors are hopeful that SHIB can replicate past performance and turn a $1,000 investment into $1 million. To reach this goal, SHIB would need to soar by 1,000x or 100,000%. This would take the price from its current level of $0.00001412 to $0.01413. Achieving the "one-cent dream" of $0.01 is a popular goal within the Shiba Inu community, but it may be challenging given the asset's hefty supply. Burning a significant portion of the supply could make this target more realistic.
Content Editor ( thecryptobasic.com )
- 2025-03-02
Here’s How Much Shiba Inu Must Rise to Still Turn a $1K Investment into $1M
