Shiba Inu (SHIB) continues to capture the attention of crypto investors, many wonder if it’s still possible to become a millionaire by holding this dog-themed token. Despite the recent market downturn, the dream of hitting major returns remains alive.

Shiba Inu’s Performance and Predictions

Shiba Inu’s journey has been nothing short of remarkable. In the 2020/2021 bull market, SHIB’s price surge by over 150 million percent, reaching an all-time high (ATH) of $0.00008616. However, after a dramatic decline of 81% from its ATH, SHIB now trades at $0.00001630. Despite this, many analysts remain optimistic about its future, with some predicting significant price surges in the coming years.

The price targets for SHIB are set at $0.0004, $0.006, and $0.03. To reach these figures, SHIB would need to rally by 2,353%, 36,709%, and 183,949%, respectively, from its current price.

Price Target of $0.0004 by 2032

Some experts, such as those at Changelly, believe that Shiba Inu could hit $0.0004 by November 2032. Reaching this level would require a significant increase in SHIB’s market capitalization, growing from $9.6 billion to $235.7 billion. While this target is relatively modest compared to others, it would still represent a dramatic price increase.

Price Target of $0.006 After Bitcoin Halving

Other analysts foresee SHIB reaching $0.006 after the next Bitcoin halving event. The Crypto Basic predicted that if SHIB experiences a rise similar to its 2020/2021 rally, it could reach this price in the future. Achieving $0.006 would place SHIB’s market cap at $3.53 trillion, assuming the circulating supply remains the same. This prediction hinges on SHIB maintaining strong demand and continued market momentum.

Price Target of $0.03 by 2050

The most ambitious target for SHIB, however, is $0.03, which experts at Changelly foresee by 2050. Reaching this target would make Shiba Inu one of the most valuable assets in the world, with a market cap surpassing $17.67 trillion. While this target is a long shot, it reflects the bold ambitions of the Shiba Inu community and the potential for the coin’s long-term growth.

How Much SHIB Do You Need to Become a Millionaire?

Now, let’s break down how much SHIB investors need to hold to become millionaires at these target prices.

1. $0.0004 Price Target: At the current price of $0.00001630, investors would need at least 2.5 billion SHIB tokens to hit $1 million if SHIB reaches $0.0004. Purchasing 2.5 billion SHIB would cost around $40,750 at today’s prices.

2. $0.006 Price Target: For those aiming for a $1 million return when SHIB hits $0.006, they would need 166.67 million SHIB tokens. At the current price, buying 166.67 million tokens would cost $2,716.

3. $0.03 Price Target: Lastly, if SHIB were to reach $0.03, investors would need 33.33 million SHIB tokens to become millionaires. The cost for 33.33 million SHIB tokens at the current price would be a modest $543.

Challenges for Shiba Inu’s Price Surge

Although Shiba Inu has demonstrated remarkable growth, reaching these ambitious price targets faces significant challenges. One major hurdle is the token’s circulating supply, which exceeds 589 trillion tokens. To reach higher valuations, SHIB must reduce its supply through continued token burns, which could help boost the value per token over time.

In conclusion, while Shiba Inu’s price projections are bold, they are not entirely out of the realm of possibility. Investors who believe in SHIB’s potential could still see significant gains, especially with strategic moves like token burns and increased adoption. However, reaching the $0.03 mark remains a distant and challenging goal. For now, investors can continue to watch Shiba Inu’s journey, hoping that it can replicate its past success.