Will Shiba Inu (SHIB) Make Me Rich?
Can Shiba Inu make me rich? What will Shiba Inu be worth in the next 5 to 10 years? And if I invest in SHIB token today, how rich can it make me in the next few years?
Put simply, YES. Looking at Shiba Inu’s past price action, its overall return on investment and wild spike in prices in the last three months, one can conclude that SHIB tokens have the portent of making you super rich - if it sustains this momentum.
This argument is also confirmed by Crypto experts and SHIB investors who are hugely optimistic that the token prices will continue soaring for the next few years.
But just how rich can you get from investing in the self-proclaimed “Dogecoin-killer” token?
Well, there is no straight answer for this because it is largely dependent on the point at which you bought your Shiba Inu tokens. But considering that the ERC-20 token has ROI of 1,200,000%, you can now imagine how rich you would be today if you bought the cryptocurrency when it launched in August 2020.
Should I invest in Shiba Inu today? Can SHIB token reach $10? How rich will I be in one year if I invest in Shiba Inu today?
We answer all these questions in this Shiba Inu investment guide. But we must start by warning you that the past price performance of a cryptocurrency or any investment isn’t always an indicator of future coin prices.
Let’s start by examining Shiba Inu’s prospects of reaching $10.
Will Shiba Inu Eventually Reach $10
No, Shiba Inu will probably never reach and sustain a $10 token valuation. Despite its parabolic price jumps in the last few months, reaching $10 will be an uphill task.
But will it be hard for Shiba Inu to reach $10?
Well, for starters, Shiba Inu is at the time of writing valued at $0.000020. This implies that to reach $10, the coin would need to grow by an incredible 18 million per cent. If it were to achieve this in the 10 years, Shiba Inu would need to consistently grow its valuation by 13 million per cent per annum for the next nine and half years - without fail.
Secondly, there currently are one Quadrillion SHIB tokens today. For every SHIB token to be worth $10, the Shiba Inu ecosystem (consisting of the ERC-20 token and Shibaswap DEX) would have a market capitalisation of the unutterable $10 Quadrillion - as much 117X the entire world’s GDP for 2020.
It would also be impossible for Shiba Inu to reach $10 because, away from the social media hype - the SHIB token - like most other cryptocurrencies has no intrinsic value.
Experts have even cautioned traders and advised them not to invest in such altcoins and tokens. For instance, Nigel Green - the CEO of deVere Group - cautions crypto investors from buying these tokens. He argues that, unlike established cryptocurrencies like Bitcoin and Ethereum, whose value can be seen in their revolutionary technology and mainstream adoption, most of the new tokens “have no inherent value.” Rather, they carry the greatest risk of burning investors.
So if it cannot get to $10, what will Shiba Inu be worth in the next five years?
Read Also: Could Shiba Be A Millionaire-Maker Coin?
What Will Shiba Inu Be Worth In 5 years?
Shiba Ina is one of the most volatile tokens around today, and therefore predicting its future price with utmost accuracy is impractical. Nevertheless, the crypto community is convinced that the SHIB token will be more valuable in the next five years than it is today, and different analyst projections expect it to be worth between $0.0002 and $0.002 by December 2026.
For instance, the Wallet Investor - one of the most reputable technical analysis and price prediction websites, expects Shiba Inu token prices to continue rising and reach $0.000182 in 5 years.
An analysis report by CryptocurrencyPricePrediction has the most optimistic expectations of Shiba Inu price performance over the next decade. And not even their analysis expects the token to come anywhere near $1 during this period. Over the next 5 years, Shiba token price analysis by the website indicates that it may reach $0.00264.
Will it continue rising, or what will Shiba Inu be worth in 10 years?
Where Will Shiba Inu (SHIB) Be In 10 years?
Shiba Inu’s long-term trader sentiment is a strong buy, and analysis by different experts also suggests that SHIB token prices will continue soaring in the foreseeable future.
Like Green emphasized hereinabove, SHIB tokens have no real value and, therefore, predicting their price for the next 10 years would be such a gamble. Having been around for just 17 months doesn’t help either as it doesn’t provide us with adequate information to come up with informed estimations.
The best we can do at the moment is examine the factors that different experts and investors believe will influence the price of Shiba uptrend or downtrend. The most common are:
Before April 2020, Shiba Inu reported negligible trading volumes. No one was interested in another Memecoin. But after it started climbing and its price jumped by more than 459,000%, it started attracting a lot of attention from speculative investors who don’t want to miss the action. They are expected to continue influencing SHIB token prices moving forward.
2. Celebrity endorsements
On 7Th May, Elon Musk tweeted that he wanted to buy a Shiba Puppy. Immediately after, the token prices soared and set a high of $0.0000388 three days (May 10th). Moving forward, there is no telling how the contributions (or lack thereof) of different celebrities and respected entrepreneurs will affect SHIB token prices.
3. Dogecoin and Bitcoin prices
Shiba Inu is specifically designed to outdo Dogecoin in terms of market capitalisation and community. Therefore, as long as Dogecoin prices keep climbing, we can expect Shiba Inu prices to follow suit.
Is Shiba Inu A Good Long-Term Investment?
Interestingly, Shiba Inu started as a joke, created around the hype to compete with Dogecoin. Right now, however, it is anything but a joke. Its developers are rushing against time in trying to give it credence by establishing the Shibaswap decentralised exchange and trying to have the token listed on key exchanges.
How the exchange and listing with popular pans out will, to a large extent, determine whether Shiba Inu is a sustainable brand or it will fall off the crypto map.
But is it a good long term investment, and how much can I make from buying SHIB tokens today? Well, Shiba Inu can if only it sustains the current momentum. And we will examine how rich a SHIB token investment can make you by way of an example.
Let us assume Shiba Inu prices continue rising and hit the highs of $0.0015 by December 2025 as forecasted by CryptocurrencyPricePrediction website. This translates to a more than 7,400% price jump. Now. If you had invested $1,000 in the Dogecoin killer token today, your investment will be worth $75,000.
(Note: This is for illustration purposes and shouldn’t be taken as investment advice).
In such a case, even though the 7,400% price jump does not even come close to the magnificent climb achieved by the coin in the last three months, it is still positive, and this makes SHIB token a good long-term investment.
Conclusion: Should I Buy Shiba Inu tokens?
Trader sentiments, crypto experts analysis, and investor opinions suggest that Shiba Inu token prices will continue rising, which makes it a good long term investment. However, given the number of variables affecting its price action, no one can tell what Shibu Inu will be worth in the next 5 or 10 years. Or if the SHIB token prices will rebound after the recent dip.
Ultimately, the decision to or not to invest or not boils down to your risk tolerance and crypto trading experience. But as always, we insist that you re-read the article and complement it with personal research about Shiba Inu before making the decision to invest. If you are new to crypto trading or do not have enough time at hand to monitor the markets, consider seeking assistance from a crypto expert.
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