Shiba has the potential to be a millionaire-maker, considering the significant growth that the cryptocurrency is predicted to experience over the next couple of years.
Cryptocurrency prices have been reaching new heights over the past few months, and many investors are trying to get in on the action.
Investing in crypto can potentially be lucrative — especially if you invest at the right time. If you had invested $1,000 in Bitcoin (BTC) a decade ago, for example, you’d have more than $20 million today — assuming you held your investments and didn’t sell during that time period.
The question everyone is asking right now “Can Shiba Inu make you rich? What will Shiba Inu be worth in the next 5 to 10 years? And if I invest in SHIB token today, how rich can it make me in the next few years?” The DOGE killer, Shiba Inu, is the new trending cryptocurrency in the market currently. With a Shiba Inu dog as its logo, this meme cryptocurrency is following the path of Dogecoin, aiming to be the best alternative for the same.
The short answer is, YES Shiba can make you rich. Looking at Shiba Inu’s past price action, its overall return on investment, and the wild spike in prices in the last 6 months, one can conclude that SHIB tokens have the ability to make you super rich – if it sustains this momentum of course. This argument can also be confirmed by most Crypto experts and SHIB investors who are extremely optimistic that the token prices will continue soaring for the next few years.
Being the latest to storm the market, SHIB is garnering immense attention and is emerging as a favored choice of investors, particularly in the wake of a market drop in cryptos like Bitcoin and Ethereum. With its rising popularity, investors are curious to know whether Shiba Inu could be a millionaire-maker coin.
But just how rich can you get from investing in the self-proclaimed “Dogecoin-killer” token?
Well, there is no definite answer for this because it is largely dependent on the point at which you bought your Shiba Inu tokens. But considering that the ERC-20 only token has a 10-moth ROI of 590,000%, you can now imagine how rich you would be today if you bought the cryptocurrency when it launched in August 2020. The SHIB coin price started seeing a massive surge from May 2021. With a tremendous rally, it hit an all-time high of $0.0000388 on May 10, 2021. The coin is relatively new to the market and had few uncertainties since it was considered a meme coin.
Shiba Inu (SHIB): What exactly Is It?
SHIB is a decentralized community-building experiment developed within the Shiba Inu ecosystem. Also known as the Shiba token, it is a decentralized cryptocurrency modeled after Dogecoin with a market capitalization of almost $3,406,422,042 as of the writing of this article.
Should you invest in Shiba Inu today? Can SHIB token reach $1? How rich will you be in one year if you invest in Shiba Inu today?
To answer these questions above, only you know if you should in SHIB or not. Maybe, Shiba Inu will probably not reach and sustain a $1 token valuation at least not anytime soon. Despite its parabolic price jumps in the last few months, reaching $1 will be an uphill task.
Let’s calculate how rich you’ll be if you invest in SHIB.
Current SHIB Price: $0.000008608 – Total Shib invested: 100,000,000 – Amount Invested: $860.08
Future SHIB Price: 0.00008608 – Future Amount: $8600.8
Future SHIB Price: 0.0008608 – Future Amount: $86008
Future SHIB Price: 0.008608 – Futur0 Amount: $860080
Future SHIB Price: 0.01 – Future Amount: $1,000,000
To conclude: Should you Buy Shiba Inu tokens?
Trader sentiments, crypto experts analysis, and investor opinions suggest that Shiba Inu token prices will continue rising, which makes it a good long-term investment. However, given the number of variables affecting its price action, no one can tell what Shibu Inu will be worth in the next 5 or 10 years. Or if the SHIB token prices will rebound after the recent dip.
Ultimately, the decision to invest or not boils down to your risk tolerance and crypto trading experience. But as always, we insist that you re-read the article and complement it with personal research about Shiba Inu before making the decision to invest. If you are new to crypto trading or do not have enough time at hand to monitor the markets, consider seeking assistance from a crypto expert.