Shiba Inu investors might need modest to higher SHIB tokens to make returns of $1M, $5M, or $10M if SHIB hits a $1T market cap, as Kusama projected.
Shiba Inu and other major assets are currently enjoying the relief rally witnessed across the broader market. Shiba Inu’s price has soared 5.5% over the past seven days to $0.00001787. In addition, SHIB has also witnessed a 24-hour growth of 4.46%, with its daily volume currently standing at $480.81M.
Shiba Inu is ranked as the 13th-biggest cryptocurrency at the time of writing, with a market cap of $10.52B.
Kusama Aims to Make SHIB the First Trillion-Dollar Decentralized Entity
It bears mentioning that Shiba Inu remains one of the best-performing cryptocurrencies of all-time. According to Arabian Business magazine, Shiba Inu rallied over 27,000,000% between January 2021 and October 2021, hitting an all-time high of $0.00008845 on October 28, 2021.
Despite this remarkable performance, Shiba Inu’s lead developer, Shytoshi Kusama, believes SHIB is still a puppy. This comment suggests that SHIB could still attain greater heights as it matures into a full dog.
During an interview with Arabian Business, the Shiba Inu leader asserted that the aim of the ecosystem team is to make SHIB the first trillion-dollar decentralized entity globally.
SHIB Price If It Reaches $1T Market Cap
Shiba Inu’s potential spike to a $1T market cap would position the token as the second-biggest cryptocurrency after Bitcoin. At press time, Bitcoin boasts a valuation of $1.31T.
According to a recent analysis, Shiba Inu could trade at $0.001697 per token if it eventually hits a market cap of $1T, assuming its circulating supply of 589.27T tokens remains stable.
To reach the $1T market cap, SHIB would have to rally 9,402% from its current valuation of $10,523,000,846 ($10.52B).
SHIB Needed to Make $1M, $5M, and $10M If Shiba Inu Reaches $1T Market Cap
Amid the plans to make SHIB a trillion-dollar decentralized entity, we’ve highlighted the number of Shiba Inu tokens needed to generate a return of $1M, $5M, and $10M if this prediction materializes.
$1M Goal
Many Shiba Inu investors are looking forward to making their first $1M via the popular dog-themed token. Notably, investors must hold at least 589,275,191 (589.27M) SHIB tokens to make a return of $1M if SHIB hits a $1T market cap.
At the current price of $0.00001787, these tokens are worth $10,530. Therefore, 589.27 million Shiba Inu tokens purchased today at $10,530 could fetch an investor $1M if SHIB eventually hits a $1T valuation or $0.001697 price per token.
How to Make $5M If SHIB Hits $1T Cap
Investors must hold more Shiba Inu tokens to make a profit of $5M if SHIB hits the projected $1T cap. Achieving this goal requires a holding of 2,946,375,955 (2.94B) SHIB, which can be purchased today at $52,651.
This $52,651 investment will become $5M if SHIB eventually reaches a valuation of $1T or a price of $0.001697 per token.
Making $10M If SHIB Hits $1T
An investor would need to hold more SHIB tokens to amass $10M when SHIB hits the projected market cap of $1T. Specifically, a balance of 5,892,751,915 (5.89B) SHIB is required to make a return of $10M if Shiba Inu eventually hits the $1T market cap, as projected by Kusama.
Currently, these tokens cost about $105,303. Therefore, with 5.89B SHIB, an investor can make a return of $10M if Shiba Inu hits a valuation of $1T.