Shiba Inu investors have long held on to the dream that SHIB would one day hit $0.01 or $0.001 price. The path that leads SHIB towards $0.01 or $0.001 is very narrow due to the cryptocurrency's enormous circulating supply.
At the time of writing this line, SHIB has a circulating supply of 589.33 trillion tokens. Despite SHIB's enormous circulating supply, investors still believe the token will hit the $0.01 or $0.001 levels someday.
Shibarium to Reduce SHIB Supply
This speculation surged tremendously following the mainnet launch of Shibarium, Shiba Inu's L2 blockchain. Although Shibarium encountered a technical issue during its launch, the network has the capacity to burn huge amounts of SHIB tokens if it goes live again, thus, reducing the circulating supply of SHIB. #Shibainu
Notably, users will be charged a small fee for initiating transactions on Shibarium, and a portion will be dedicated to burning SHIB. The token's scarcity over time due to burns could push the price toward $0.001 or $0.01.
Investors seeking to make huge gains when SHIB reaches $0.001 or $0.01 are expected to take advantage of the token's low price.
This article will highlight how much you need to invest in SHIB to make $1 million if the price hits $0.001 or $0.01.
$8,450 Might Turn $1 M If SHIB Hits $0.001
It bears mentioning that SHIB is currently changing hands at $0.00000845, up 0.2% over the past 24 hours. To become a millionaire if SHIB hits $0.001 , an investor would need to accumulate 1 billion SHIB tokens. #crypto2023
$8450 SHIB investment today
Getting 1 billion SHIB tokens at the current price of $8,450 would require an investment of $8,450. Thus, with an investment of $8,450 today, you can become a millionaire if SHIB reaches $0.001.
$845 Might Turn $1 M If SHIB Hits $0.01
Similarly, with an investment of $845, you could make $1 million if SHIB reaches $0.01. An investment of $845 at the current price of $0.0000845 would get you 100 million SHIB.
Therefore, if you hold on to the 100M tokens and SHIB price surges to $0.01 , your $845 investment today could turn into $1 million. #Shibainu Shibainu
It is important to note that the crypto market is highly volatile, and there is no guarantee that SHIB will ever reach $0.001 or $0.01. #cryptocurrency
#cryptocurrency Consequently, investors should seek advice from qualified financial advisors. This would help you determine whether investing in SHIB is a good move. $
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