Hereâs When $1,000 Worth of Shiba Inu Can Become $1M
Individuals investing $1,000 today in Shiba Inu may set a two-decade timeline to realize a return of $1 million from SHIB.
Shiba Inu investors are shouldering significant losses as SHIB plunged to $0.0000173 earlier today. This low price was last seen in late February, shortly before the explosion to the three-year high.
Essentially, most market participants who engaged with SHIB before the start of the last bullish wave are underwater. Meanwhile, many market watchers previously projected the this downturn. Accordingly, they urged enthusiasts to see these low values as an attractive buy zone before the next bullish wave.
With this optimism, individuals committing $1,000 into the Shiba Inu market today with a long-term perspective may be curious to know when their investment could be worth $1 million. This is due to multiple accounts of individuals who turned a few hundred dollars into multimillion-dollar fortunes by investing in SHIB.
When $1,000 Shiba Inu Can Become $1M
At press time, Shiba Inu hovers around $0.00001807. A $1,000 investment can amass 55,340,343 SHIB tokens at the current price.
For this investment to make one a millionaire, Shiba Inu must cancel three leading zeros to trade at $0.01807. Emphatically, Shiba Inu must surge by 99,900% for this price level to become a reality.
Looking back at its history, Shiba Inu has seen an even more domineering upsurge. The Crypto Basic reported that SHIBâs rally post-2020 halving was over 884,300% increase.
Moreover, at its current value, market data sourced by CoinMarketCap indicates that Shiba Inuâs gains since its launch in August 2020 stand by as much as 1,353,726%.
However, while SHIB canceled six zeros within a year between 2020 and 2021, the likelihood of a similar occurrence is low. As a result, well-known prediction portals like Telegaon and Changelly have suggested Shiba Inu could cancel three more zeros in sixteen years.
Current Shiba Inu Data: 1. Market Cap: $8.96 Billion. 2. Total Supply: 589.27 Trillion SHIB. Analysis: To reach $1 per SHIB, the market cap of SHIB would need to reach the same value as the total supply, which is $589.27 Trillion ($589,270 Billion). Comparison: For comparison, Bitcoinâs current market cap (in 2024) is between $500-600 Billion, and Ethereumâs is around $200-300 Billion. To reach $1 per SHIB, SHIBâs market cap would need to be more than 580 times the current market cap of Bitcoin, which is highly unrealistic based on the current cryptocurrency market conditions. Conclusion: It is highly unlikely that Shiba Inu will reach $1 due to the very large supply of the coin. Even if there is a massive token burn or an unexpected event that greatly impacts the market, it will still be very difficult for Shiba Inu to reach this price.
Investing in cryptocurrencies like SHIB carries significant risks and you should always exercise caution and do thorough research before making any investment decisions.
What will the price of Hamster Kombat tokens be at launch?
With Hamster Kombat preparing for its token launch at the end of July, the big question is: what will the tokenâs price be at launch? Given its 250 million user base, the potential impact on the tokenâs value is significant. #hamsterkombat24 Despite the hype surrounding Hamster Kombat, critical details about its tokenomics remain undisclosed. Bybit already listed HMSTR in its pre-market phase and has speculated a total supply of 10 billion tokens for initial valuation purposes. However, this number is still uncertain and could change depending on when the project officially reveals more information. #Hamsterkombat At the moment of writing, in Bybitâs pre-market trading, the floor price is $0.001, and the maximum price is $1.00, with the last traded price being $0.225. However, it is essential to consider that these are pre-market prices, and our estimate is only a projection. It does not necessarily reflect the prices at which readers will be able to buy or sell when the token finally launches. #BinanceHODLerBANANA #BinanceTournament #BinanceTurns7 $BTC $NOT $SHIB
Futures Contract Could Pave the Way for Spot ETFs Reacting, Altcoin Daily took to X to highlight the benefits of the offering for U.S. investors. According to the expert, regulated futures contracts offer investors enhanced transparency, regulatory oversight, a compliant trading environment, and risk management. Interestingly, the expert noted that these products often lead to the potential launch of spot ETFs for the assets involved.
Worldcoin, Sam Altmanâs cryptocurrency venture, has fallen after surging dramatically in February. The driving forces behind the rise were straightforward, primarily stemming from widespread excitement ignited by OpenAIâs latest creation, Sora. This AI application lets users create videos from text. While Sora and Worldcoin operate independently, they share a common founder in Sam Altman. His reputation is amplifying investor interest in both projects, further fueling their potential growth. The coin had a mixed March and, after jumping on Soraâs news, it dropped in line with all the crypto market. Now itâs in an uptrend but can it last? Worldcoinâs Layer 2 But Sam Altmanâs Worldcoin, a proof-of-humanity project, is now gearing up to use its own Layer 2 platform to help during user onboarding. The upcoming Layer 2, dubbed World Chain, will be bolstered by Ethereumâs security measures, as confirmed in a recent statement. Furthermore, verified human users will receive preferential treatment in terms of block allocation over bots, along with some complimentary gas, according to the same statement. While the Worldcoin Foundation is officially spearheading the launch of this new Layer 2, itâs worth noting that Worldcoin has been predominantly developed and promoted by Tools for Humanity. Neither Worldcoin nor OpenAI responded to a request for comment. But what is Worldcoin ($WLD )? How does Worldcoin work? Letâs see what we can find out, and also take a look at some of the Worldcoin Price Predictions that were being made as of July 3, 2024. Worldcoin Price Prediction Letâs examine some of the Worldcoin price predictions CCN.com made on July 3, 2024. It is crucial to bear in mind that price forecasts, particularly for a potentially volatile asset like cryptocurrency, often turn out to be inaccurate.
đ $NOT Tokenomics is now extremely community oriented. Notcoin worth $3M just burned from the emission đ„ Transaction $4.2M will go as incentive for Gold and Platinum users of Notcoin Explore (thank you guys) As a result 94.18% is in the hands of 11.5M people, including traders, miners, stakers, etc. 5.82% is in the treasury for the next years of development. With the community as a main stakeholder, the future seems bright. Thank you all, frens. You made it.
đ The dog-from-the-coin looked confused. That's not surprising! Think about how you looked when you first came into the world. She knew nothing about this world, nothing about herself, not even the most fundamental things. The little dog approached her newly minted "parents" and immediately bombarded them with questions: Where do they feed here? Does she have her own bowl? And where can she sleep? Will she get a bed? What does all this mean? What's the purpose? â The couple exchanged glances. The dog sighed and said: â There is a simple but powerful strategy that our little team agreed upon many years ago: do the right thing until it's done. Number of attempts, specific form, conditions, etc. all this is not significant. You know you'll see it done. None of this mattered to her. The crucial questions remained unanswered. â Where is her bowl? Will they drop something in there for her? $BTC $ETH $SOL #US_Job_Market_Slowdown #VanEck_SOL_ETFS #ETH_ETFs_Approval_Predictions #prediction #BinanceTournament
Shiba Inu Spot ETF Next After Launch of Regulated Shib Futures: Expert
Coinbase Derivatives to Launch Regulated $SHIB Futures Contract Last week, Coinbase Derivatives requested permission from the U.S. CFTC to launch regulated futures contracts for Shiba Inu alongside four cryptocurrencies: Stellar (XLM), Chainlink (LINK), Polkadot (DOT), and Avalanche (AVAX). The derivatives exchange disclosed plans to list the products under a self-certification model scheduled for July 15, 2024.
The cryptocurrency market seems to be bouncing back from the recent sell-off. Bitcoin ($BTC )has risen 4% in the daily charts on Monday, currently trading at just over $63,000. Shiba Inu ($SHIB ) also shows recovery signs, rallying 3.3% in 24 hours and 2.4% in the weekly charts. The popular dogcoin continues to glow red in the 14-day and monthly charts, falling 14.8% and 31.3%, respectively. How high will Shiba Inu rise in July 2024?
CoinCodex data tells us that SHIB may rally to $0.00003857 this week. Reaching $0.00003857 from current levels would entail a growth of about 122.5%. The platform does not anticipate SHIBâs price to hold at 0.00003857, predicting a correction soon after. CoinCodex expects SHIB to fall to around current levels and consolidate for the remainder of the month. Changelly has given a similar forecast for Shiba Inu. The platform expects SHIB to rise to $0.00003752 on July 5, 2024 but may fall to as low as $0.00001588 on July 28, 2024. The anticipated increase in value could be the result of investorsâ excitement over the expected early-July launch of an Ethereum ETF. SHIB and other altcoins could see a sharp increase in value if an Ethereum ETF causes a substantial influx of capital into the cryptocurrency market. Anticipations of a Federal Reserve interest rate reduction might also potentially elevate market sentiment, resulting in increased allocations to high-risk assets. #AirdropGuide #shiba ⥠#SHIBAUSDT #SHIBAnalysis #SHIBAnalysis