**Exploring the Potential of Shiba Inu: Can a $1,000 Investment Become $1 Million?**
Shiba Inu (SHIB) is on a path to recovery after experiencing a significant drop, with its value hitting a low of $0.00001305 on February 28. Remarkably, the token demonstrated its resilience by bouncing back above the $0.000014 mark just hours later. As of now, SHIB has seen a 6.43% increase in the last 24 hours, trading at $0.00001412. At this price point, only 13.74% of Shiba Inu on-chain addresses, holding a total of 135.29 trillion SHIB, are currently in profit, according to data from IntoTheBlock. In contrast, a staggering 84.37% of all Shiba Inu on-chain addresses, which hold 830.77 trillion SHIB, are facing losses, while 1.89% of addresses, with a total of 18.59 trillion SHIB, are at breakeven. Despite the recent downturn, some investors find comfort in SHIB’s remarkable past performance, which has transformed modest investments into life-changing returns.
**How Much Growth is Needed to Turn a $1K Investment into $1M?**
This leads many to ponder whether Shiba Inu can achieve similar success again and potentially turn a $1,000 investment into $1 million. To understand this, we need to consider how much SHIB must appreciate for a $1,000 investment to reach the million-dollar mark. For this to happen, the price of SHIB would need to skyrocket by 1,000 times, or 100,000%. If we apply this growth rate to SHIB’s current price of $0.00001412, it would need to rise to $0.01413, surpassing the much-coveted one-cent milestone. To illustrate, investing $1,000 in Shiba Inu today would yield approximately 70,821,529 (70.82 million) SHIB tokens. If SHIB reaches the target price of $0.01413, this portfolio would be valued at $1 million.
**Is Hitting $0.01413 Realistic for SHIB?**
The dream of reaching one cent has become a popular topic within the Shiba Inu community, with various experts weighing in on its feasibility. Lucie, Shiba Inu’s marketing lead, is optimistic that $0.01 is within reach and believes SHIB will achieve this target in the future. Last year, renowned crypto analyst Master Kenobi suggested that SHIB could replicate its 2021 performance and potentially reach a target price of $0.0149. Additionally, analysts from Changelly have forecasted that SHIB could hit $0.014 by June 2050, which is over 25 years away. However, achieving the one-cent dream or reaching the target price of $0.01413 presents significant challenges. For SHIB to hit $0.01413, its market cap would need to increase from $8.32 billion to $8.32 trillion, assuming the circulating supply remains constant at 589.25 trillion tokens. Given the substantial supply, it seems unlikely that SHIB will reach this milestone without a considerable reduction in its supply. Thus, for the Shiba Inu community, burning a significant portion of the supply may be essential to make the $0.01413 target a more attainable goal.
