Ethereum
Here are the returns on $1,000 invested in Shiba Inu at $0.000017 if SHIB reaches the market cap of ETH
People who invest $1,000 in Shiba Inu at around $0.000017 could reap a 40x return if SHIB reaches Ethereum’s market cap.
Shiba Inu remains under bearish pressure, hitting new lows for consecutive weeks. Amid the persistent market-wide decline, SHIB reached a low of $0.0000173. This reflects a collapse of more than 34% from the high of $0.00002627 sold earlier this month.
As of now, Shiba Inu has yet to recover from this drop, remaining around $0.00001766 with a market cap of around $10.36 billion.
As supporters anticipate a significant rebound soonThis assessment explores the return that individuals who buy Shiba Inu dip today could earn if SHIB reached the market cap of altcoin market leader Ethereum.
It is worth noting that Ethereum has not been spared from the current stock market crash. Currently listed at $3,432, ETH has erased all of last month’s gains. As a result, investors who entered the market this month are holding ETH at a loss of over 8%.
Despite this, ETH maintains a market cap of over $420 billion, which is comparable to the valuation of tech giant Mastercard.
Profit on $1,000 investment in Shiba Inu with ETH cap
With Shiba Inu trading at $0.00001766 at press time, an investment of $1,000 would amass a portfolio of 56,625,141 (56.6 million) SHIB tokens. In a scenario where Shiba Inu reaches Ethereum’s $420 billion market cap, this investment would be worth nearly 40 times its current value.
More specifically, where SHIB retains the majority of its current circulating supply, a market cap of $420 billion implies that the asset has reached a phenomenal value of $0.0007127. To reach this price level, Shiba Inu needs to climb by approximately 3,936%.
As a result, $1,000 invested in Shiba Inu as of June 23 could be worth up to $40,356 in the hypothetical scenario where SHIB Recovers Current Market Cap of Ethereum. While this is an attractive prospect worth targeting, it is not a guarantee.
How long until SHIB hits $0.0007127
Notably, market analysts are optimistic about Shiba Inu’s potential to cancel another insignificant zero this cycle. Meanwhile, analysts at prediction portal Telegaon estimate that Shiba Inu could take up to six years to reach the $0.00071 price point.
This calendar corresponds to an evaluation by The Crypto Basic last month, which suggested that if SHIB maintains a constant 100% annual gain, it could reach $0.00071 in five years.
Disclaimer: This content is informational and should not be considered financial advice. The opinions expressed in this article may include the personal opinions of the author and do not reflect the opinions of The Crypto Basic. Readers are encouraged to conduct thorough research before making any investment decisions. Crypto Basic is not responsible for any financial losses.
-Advertisement-