Shiba Inu Can Make You $5 Million Richer When It Gets to 1 Cents, Here’s How

We have heard of how crypto enthusiasts became millionaires by just investing in the right tokens at the right time. The market would make more millionaires with the expected bull run by next year.

For memecoin Shiba Inu faithful, making $5 million when the token price reaches 1 cent or 0.01 would require holding at least 500 million SHIB. Shiba would also have to do 115,000x to get you to that point. As interesting as it sounds, the question lies in its ability to pull off that miracle.

Will Shiba Get There This Bull Run?

Each bull run has always produced gems that do 10x, 100x, and even 1,000x. However, price predictions for memecoin SHIB show that it cannot achieve 1 cent in this bull run. With Shiba Inu currently trading at $0.000008 and having a market cap of $4.9 billion, it may be practically impossible to reach $0.01.

Shiba Inu’s market cap would have to reach $6 trillion, far higher than Bitcoin’s current $730 billion. If this is unrealizable, the project would have to significantly trim SHIB’s circulating quantity to tens of billions to get close to that price. Shiba Inu’s total circulating token stands at 589 trillion, far higher than Bitcoin’s 19 million and Skale’s 5 billion (Skale is trading at $0.05)

A price prediction by Telegon shows that Shiba Inu would get to $0.01 by 2040, about six bull run cycles minimum. It would mean any investor willing to make $5 million from the memecoin would have to buy now and hold for at least 17 years.

Would It Ever Get There?

Memecoins are based on hype and, realistically, have no use case. Bitcoin is seen as digital gold and solves issues around asset transfer and devaluation. Ethereum, on the other hand, provides a network for different applications to build on, but Shiba Inu has no actual real-life usage.

Shiba Inu is the 19th most valuable token, and its demand is largely based on its strong community. With no actual use case, chances are high that the project would not attract developers and subsequently lead to redundancy.

The popular memecoin would have to create demand for the token by increasing usability if the Shiba Inu armies will ever take a $5 million return on investment from holding 500 million SHIB. Even a routine token burn cannot increase the project’s relevance, Shiba developer Shytoshi Kusama also confirmed.