Since February 2023, Shiba Inu (SHIB) has been dropping, unable to break the $0.000008 resistance level–despite the overall market’s rebuilding process. Yet, that has not stopped hopeful investors from seeking to shear off a few decimal places from this dog-themed cryptocurrency. Taking two decimals out of SHIB’s present value indicates a surge of 9900%. Investing $1000 worth of the coin at current market conditions provides the purchaser with 128205128 SHIB tokens. If these were to multiply in value by 9900%, that initial venture would have earned the the high ROI of a whole $100,000.
But how many pieces of the digital asset would someone need to acquire to turn into a millionaire, if two zeros were to be erased? Taking the current cost of each coin into account ($10,000), the total cost of earning one million with SHIB could be reached excluding digits off the end: for 1282051282 tokens that projections one could theoreticially become a millionaire for just 10K.
The issue turning such confidence into reality stands in SHIB’s soaring demand, requiring its implementation of their ambitious blockchain, Shibarium and its associated burn mechanism to up the marked interest and push its price. Sitting presently at $0.00000780, Shiba Inu has declined .9% in the last 24 hours.