Here’s How to Be a Millionaire When SHIB Hits $0.01

Shiba Inu (SHIB) has become famous among young investors looking to make it in the crypto industry. This dog-themed project turned several early investors into millionaires, and in some cases billionaires. SHIB has been on a downward trend since hitting an all-time high of $0.00008616 in October 2021, but fans and investors are hoping the asset will regain momentum.

Also read: India’s Shiba Inu predicted to reach 1 rupee 46 paisa: The time will come

SHIB fans and investors have been chasing the $0.01 (1 cent) target for years. Many hope that if SHIB accomplishes this feat, he will be able to settle down for life. To get his SHIB worth $1 million at $0.01 per coin, you need 100000000 tokens (100 million tokens). His current price of 100 million SHIB is approximately $2699. If SHIB reaches $0.01, the value of your portfolio will skyrocket by approximately 36,950%.

When will Shiba Inu (SHIB) reach $0.01?

This week's Shiba Inu (SHIB) & Dogecoin (DOGE) price prediction

There’s a lot to be gained by SHIB reaching its penny goal, but the path to getting there isn’t that easy.according to telegaonSHIB could reach the $0.01 level between 2035 and 2040, approximately 11 to 16 years from now. Changely A similar picture is painted for dog-themed cryptocurrencies. The platform expects SHIB to reach $0.01 between 2033 and 2040.

The large supply of Shiba Inu (SHIB) is one of the biggest barriers to its price. Approximately 589 trillion coins are in circulation in this project. With 589 trillion tokens in circulation and reaching $0.01, the market cap would be unrealistically large. Therefore, projects need to reduce supply before aiming for higher prices.

The SHIB team said it is working on a new writing mechanism that is rumored to burn trillions of tokens per year. If the team is able to reduce the project’s supply at a pace of over 1 trillion coins per year, SHIB could reach his $0.01 goal much sooner than predicted.

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