Shiba Inu investors holding between 50 million and 250 million tokens will see their investments skyrocket at varying price targets.
The broader crypto market has hit a roadblock in recent times amid growing tensions in the Middle East. Bitcoin (BTC) collapsed from a high of $66K and is now struggling to retain the $60K psychological support. This downturn has impacted other crypto assets, including SHIB.
Shiba Inu Holders Resilient Amid Downturn
During the uptrend recorded in late September, Shiba Inu rebounded to a three-month peak of $0.00002169. However, with the recent correction, the dog-themed token has now slumped 24% to trade at $0.00001643 at the reporting time.
Despite the retracement, Shiba Inu investors remain optimistic, evident in its holders metrics. IntoTheBlock data indicates that addresses holding SHIB for over a year have increased from 1.06 million at the start of September to 1.07 million as of press time. This translates to an addition of 10,000 addresses.
Also, total Shiba Inu holders have grown from 1.29 million last October to the current figure of 1.35 million. Of this figure, addresses holding between 10 million and 1 billion SHIB have spiked to 379,380. These investors have retained their tokens in anticipation of a price surge to any of the circulating targets.
Amid the prevailing price targets, The Crypto Basic confirmed in May that Shiba Inu would surpass the $0.0007 milestone in 2029 if it gains by only 100% yearly. Meanwhile, in January, AI chatbots Google Bard and ChatGPT evaluated the possibility of SHIB making more millionaires if it hit $0.004.
Worth of 50M, 150M and 250M SHIB at Prices of $0.0007 and $0.004
Should any of these targets materialize, Shiba Inu holders could see substantial gains on their investments. For instance, investors holding 50 million SHIB are currently sitting on $821.5 at the current price. These tokens will be worth $35,000 if SHIB reaches $0.0007, and $200,000 if the $0.004 target plays out.
Meanwhile, those with 150 million tokens have investments worth $2,464 at the prevailing rates. The 150 million SHIB would skyrocket to $105,000 if Shiba Inu ever hits the $0.0007 price level. Moreover, these tokens’ worth will reach a whopping $750,000 if SHIB clinches $0.004.
Further, investors with 250 million SHIB currently hold bags worth $4,107 as Shiba Inu trades for $0.00001643. These tokens have the potential to reach a worth of $175,000 at a Shiba Inu price of $0.0007. However, if SHIB appreciates further to reach the $0.004 mark, the 250 million tokens will be worth $1 million.
While these figures can be rather enticing to market participants, it is important to note that there is no guarantee that Shiba Inu will reach the $0.0007 or $0.004 level. As a result, investors should not see this evaluation as a charge to invest in the dog-themed asset.
Disclaimer: This content is informational and should not be considered financial advice. The views expressed in this article may include the author’s personal opinions and do not reflect The Crypto Basic’s opinion. Readers are encouraged to do thorough research before making any investment decisions. The Crypto Basic is not responsible for any financial losses.
