Shiba Inu Investors would only need a few billion tokens to clinch returns up to $10 million if SHIB is able to reach $0.00075 and $0.0075.
The crypto market has not performed as anticipated by market participants amid the “Uptober” discussions. Shiba Inu has not escaped the bearish atmosphere, currently shedding off the impressive gains it picked up during September.
Optimism Persists Despite Bearish October Start
SHIB began October on a bearish note, alongside the rest of the market, dropping 6.55% on Oct. 1. Despite recovery efforts over the past few days, Shiba Inu maintains a 1.59% drop this month. However, investors remain optimistic that October will end with massive gains.
Part of the reason behind this sustained optimism is Shiba Inu’s historical performance in October. Interestingly, SHIB has never ended an October with losses since its inception. CryptoRank data confirms SHIB boasts an average return of +212% in October.
As bullish sentiments build, analysts have projected multiple targets for Shiba Inu. For instance, in June, market analyst Mehrhpm hinted at a possible SHIB rally to $0.00075. Also, The Crypto Basic assessed in May how long it would take Shiba Inu to hit $0.007 if it spiked 100% each year.
Amid the optimism, investors have continued to augment their holdings, anticipating large returns, with millions in focus. Should Shiba Inu clinch a price of $0.00075 or $0.0075, these investment dreams could materialize depending on the market participant’s holdings.
Shiba Inu Needed to Make $1M, $5M, $10M at $0.00075
If SHIB reaches the $0.00075 level, investors looking to claim $1 million will need to hold 1.33 billion tokens, currently worth $23,079.
However, at the $0.00075 price, those anticipating $5 million can hit this target if they possess 6.66 billion, now valued at $115,400.
Also, for an investor to reach an investment goal of $10 million at the $0.00075 price level, they would need to hold 13.3 billion Shiba Inu tokens. These tokens can be procured with $230,800 at the current price of $0.00001731.
Shiba Inu Needed to Make $1M, $5M, $10M at $0.0075
Meanwhile, with the $0.0075 price level, these investment goals would require fewer tokens. Notably, an investor seeking returns of $1 million would only need to hold 133 million tokens if SHIB hits $0.0075. These tokens are currently worth $2,307 at current prices.
However, if this investor looks to reach $5 million at the $0.0075 price region, he must hold 666 million SHIB tokens. These 666 million tokens are worth a meager $11,540 at press time.
Lastly, the $10 million target would only demand 1.3 billion SHIB, worth $23,079 right now.
