- SHIB’s 20.43% loss in 30 days sparks frustration and opportunities for investors.
- 100 million SHIB tokens cost $1,174 today, potentially worth $100,000 if SHIB hits $0.001.
- SHIB needs an 8,300% surge to reach $0.001, pushing its market cap to $589.25 billion.
Shiba Inu (SHIB) has experienced a significant price decrease of 3.44% over the last 24 hours, dropping to a low of below $0.000012. At press time, SHIB is trading at 0.00001174 and has experienced an 11.99% decrease in the previous week. The 30-day loss has jumped to 20.43%.
This decline has led to a definite split among investors, with some feeling shaken by the lack of confidence and others seeing opportunity. Social media has been flooded with angry posts from many investors. People have become disappointed as the expectations of a recovery soon have been subdued. Fear of additional losses and lack of confidence in the future are gradually gaining popularity in online media.
SHIB Investment Opportunity: 100M Tokens Now, $100K Potential
The price drop is viewed as a strategic entry point for investors who perceive the decrease in price as an opportunity to accumulate more SHIB. The goal is to reach the $0.001 level in the long term. The cost of investing in 100 million SHIB tokens would come to $1,174 at the current price of the token. In the event that the price reaches $0.001, the holding would then have a value of $100,000.
IntoTheBlock reports that almost 71,510 addresses currently have at least 100 million SHIB. These wallets represent 4.89% of all SHIB-holding addresses and collectively hold 17.94 trillion tokens, valued at approximately $213.3 million. The exciting potential returns continue to draw interest.
Can SHIB Achieve $0.001?
To achieve the price range of $0.001, Shiba Inu (SHIB) would have to increase by more than 8,300% in price, beginning from its current price. This would increase the market capitalization of SHIB to approximately $589.25 billion, assuming no change in the circulating supply. This severe rise has started a critical debate among observers and investors.
Nevertheless, there are market observers who remain hopeful despite the steep challenge. In October 2024, Crypto Sheriff identified a technical breakout as a potential indicator of future upside. The analyst identified a window of price targets, with the immediate targets being $0.00002 and $0.0002, and the long-term target being $0.001.
Analyst LuckSide Crypto has also cited increasing interest among large holders and the absence of serious resistance as potential catalysts for a future rally. In the meantime, Changelly and Telegaon platform-based long-term projections indicate that SHIB might reach the price of up to $0.001 around 2035-2039.
The recent selloffs have shaken the faith of some investors, while others view the ongoing downturn as an opportunity to expand their portfolios. The route to a price of $0.001 may not be immediately apparent, but people continue to discuss the potential of SHIB, and opinions are divided on both sides.
Related: Shiba Inu Taps NVIDIA and Alibaba-Powered Tech for AI Push as Its Token Price Struggles
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