$1,000 in Shiba Inu Could Turn Into $60K If SHIB Hits This Price – But There’s a Catch

Shiba Inu (SHIB) is back in the spotlight thanks to a bold prediction that has the community buzzing. According to a breakdown by TheCryptoBasic, if SHIB reaches a price of $0.0007, a small $1,000 investment today could be worth as much as $60,449.

At the time of writing, SHIB price is trading around $0.00001173, with a slight daily gain of just 0.92%. Over the past month, however, the meme coin has struggled, posting a 20% drop. Recent attempts to recover have stalled just below the $0.000012 mark.

SHIB is also facing strong resistance from holders who bought at higher levels. Around 88,650 wallets are holding over 65 trillion SHIB between the $0.000012 and $0.000014 range. Even more pressure lies ahead, with 175,560 wallets holding a massive 523 trillion tokens between $0.000014 and $0.000019.

Despite the challenges, many SHIB holders remain optimistic. Some long-term predictions suggest that SHIB price could reach $0.0007, but that would require a massive price jump of nearly 6,000% from current levels. According to previous analysis, this kind of move would only be possible if SHIB drastically reduces its circulating supply, from 589 trillion to around 10 trillion tokens.

If that happens, a $1,000 investment made today would buy about 86.35 million SHIB tokens. At $0.0007 per token, those coins would be worth just over $60,000.

As for the timeline, experts disagree. Changelly predicts SHIB price could hit the $0.0007 mark sometime between 2035 and 2039. Telegaon offers a faster route, suggesting it might happen as early as 2030.

Still, it’s important to note that if SHIB reached $0.0007 without a major supply cut, it would be worth more than $412 billion in total market cap, more than Ethereum today. That’s why most analysts agree that supply reduction is key to making this target realistic. Until then, holders will have to wait and see if the meme coin can deliver on its big dreams.

Read Also: Analyst Says XRP Will Look Cheap Under $2 By Year’s End – Here’s Why

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Boluwatife Afe
Boluwatife Afe

Boluwatife is a dedicated content strategist specializing in the crypto industry and is passionate about blockchain technology and digital currencies. With a keen eye for emerging trends and a talent for making complex topics accessible, Boluwatife aims to educate and inspire the crypto community through engaging and insightful content.

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