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Shiba Inu investors looking to be rich could meet their target over the next decade, depending on their idea of “meaningful gains.”
Amid the broader market lull, Shiba Inu (SHIB) has continued to trade between the $0.000011 and $0.000012 price levels since the massive collapse from $0.000013 occurred last week in the wake of Israel’s strike on Iran’s nuclear sites. This event has triggered ongoing conflicts in the Middle East.
Mixed Reaction from Shiba Inu Investors
SHIB’s bearish consolidation has mirrored the broader crypto market’s trend, as even Bitcoin (BTC) observes range-bound movements. Notably, while most Shiba Inu investors maintain their resolve, some have given in to bearish pressure, continuously offloading their bags.
Specifically, the number of investors holding an average of $1,000 worth of Shiba Inu has reduced since the beginning of June. Data from IntoTheBlock shows that investors holding between $100 and $1,000 in SHIB and those holding $1,000 to $10,000 numbered 421,850 at the start of June.
Today, this figure has dropped to 401,870, indicating that the Shiba Inu ecosystem lost 19,980 investors in this class within two weeks. However, despite the departure of so many investors, others have remained steadfast, anticipating what they believe could be an elaborate recovery effort.
Notably, Shiba Inu has proven over the years that it has the potential to reward patient investors, and analysts believe this time might not be different. However, considering the prevalent SHIB price projections available, could investors holding $1,000 in Shiba Inu today see any meaningful gains over the next decade?
If You Hold $1,000 in SHIB, Can Shiba Inu Make You Rich by 2035?
The Crypto Basic recently evaluated this, pooling predictions from popular sources that see SHIB soaring to new heights by 2035. For instance, analysts from Telegaon believe Shiba Inu could claim a maximum price of $0.00216 in 2035.
To put things into perspective, at Shiba Inu’s current price of $0.00001167, an investor holding $1,000 worth of SHIB owns about 85.689 million tokens. Now, if Shiba Inu’s price appreciates by 18,408% to reach the $0.00216 price forecasted by Telegaon analysts, these 85.689 million SHIB will be worth over $185,000.
However, while crypto exchange Changelly presents no Shiba Inu price predictions for 2035, analysts at the platform have projections for 2034, a year before. These analysts see SHIB hitting $0.000734 by December 2034, a 6,189% increase from current prices. At this price, a $1,000 investment would grow to $62,896.
Meanwhile, AI chatbot Google Gemini expects SHIB to reach a $0.00216 price by 2035 in a bullish scenario, aligning with Telegaon’s forecasts. As previously mentioned, at this Shiba Inu price, today’s $1,000 investment would soar to $185,000, yielding a profit of $184,000.
Now, whether these returns translate to meaningful gains or not depends on individual investor appetite. Some investors might be content with a 185x or 63x within ten years, while others might seek more. Interestingly, if an investor commits more today, say $10,000, then a 185x would have yielded more, specifically $1.85 million.