From $100 to $2M: SHIB’s Wild Ride—Can History Repeat by 2030?
Shiba Inu’s legendary 20,000x surge turned pocket change into generational wealth. Now, crypto’s favorite underdog faces its toughest challenge: doing it again.
Market cycles move faster than a memecoin rally—can SHIB defy the odds or will it join the graveyard of ’remember when’ projects? Only time will tell if lightning strikes twice in this casino we call decentralized finance.
Just $100 In Shiba Inu Became Nearly $2 Million In 5 Years
If you had invested $100 in shiba inu (SHIB) on Aug. 2, 2020, the investment would have grown to $1.9 million today. Your investment would have grown by 1,966,536% (1.9 million percent).
SHIB hit an all-time high of $0.00008616 on Oct. 28, 2021. If you had sold your $100 worth of SHIB when the asset was at its peak, you WOULD have made $10.30 million in profit. In this scenario, your investment would have grown by 10,303,117% (10.30 million percent).
Can You Still Turn $100 Into $2 Million By 2030?
If you purchase $100 worth of Shiba Inu (SHIB) today, you will receive about 6,506,659.53 (6.50 million) coins. For 6.50 million coins to be worth $2 million, the price of each coin has to reach about $0.3073. SHIB’s price has to rally by 1,999,249.3% (nearly 2 million percent). While the figure is significant, it is not something SHIB has not done in the past.
According to Changelly, SHIB will hit the $0.3073 mark sometime after 2050. The platform anticipates the asset to trade at a maximum price of $0.03319668 in 2050.
One significant barrier to Shiba Inu’s (SHIB) price is its massive circulating supply. The asset could climb to the $0.3073 target much sooner if the team can reduce the project’s supply. One catalyst for SHIB’s incredible rally in 2021 was Vitalik Buterin’s token burn. The ethereum co-founder received half of SHIB’s supply upon launch. Buterin decided to burn 90% of the tokens he received. His actions led to a massive supply dip while demand was high. The move caused SHIB’s price to skyrocket overnight.
