Shiba Inu (SHIB) is among the most successful crypto projects in the market. Since its launch in August 2020, the asset has risen by many million percent and has climbed into the top 10 projects by market cap.
The last few years have been tough for SHIB. The asset has struggled to gain momentum due to the bearish market environment over the previous two years. While some believe the SHIB boat has sailed, others think there is still time to make it big with the dog-themed cryptocurrency.
Also Read: BRICS: Expert Says US Dollar is Nearing The ‘End of the Line’
How Can You Become A Millionaire With Shiba Inu By 2028?
Changelly’s Price Prediction
According to the analysts at Changelly, SHIB could trade at a maximum price of $0.000179982 in 2028. To have a million dollars worth of SHIB at $0.000170082 per coin, you will need about 5,556,111,166.67 (5.55 billion) coins. The price of 5.55 billion SHIB right now is about $92,398.12. If successful, your portfolio’s value will grow by about 982%.
Also Read: US Lawmakers Push Bipartisan Support For Bitcoin Reserve Bill
Telegaon’s Price Prediction
Telegaon analysts are more bullish on Shiba Inu (SHIB). The platform anticipates the asset to trade at a maximum price of $0.000312 in 2028. To have a million dollars worth of SHIB at $0.000312 per coin, you will need about 3,205,128,205.13 (3.2 billion) coins. The price of 3.2 billion SHIB right now is about $53,301.28. In such a scenario, your portfolio’s value will grow by about 1776%.
Also Read: Dogecoin New Addresses Surge 72%: What it Means for DOGE in October
Potential For Higher Prices
There is also a possibility that SHIB’s price will go higher than projected. The team is working on a new burn mechanism, rumored to burn trillions of tokens yearly. If the team can drastically reduce the asset’s supply, we may witness another 2021-like rally for the dog-themed crypto.
Credit: Source link
