Shiba Inu (SHIB) investors are once again weighing their options as the meme coin’s price continues its short-term slide. But while some express frustration, others are doubling down, especially those eyeing the long-term target of $0.001 per SHIB.
In this article, we examine how much it costs to purchase 100 million SHIB tokens today, what that investment could be worth if Shiba Inu reaches $0.001, and what analysts say about this highly anticipated price target.
Shiba Inu’s Current Price Action
SHIB has faced a tough few weeks. At the time of writing, Shiba Inu trades at $0.00001172, marking a 24-hour decline of 3.56%, a 7-day drop of 11.35%, and a 30-day loss of 19.83%. This downtrend has tested investor patience, particularly among short-term traders hoping for a quick rebound.
However, seasoned SHIB holders view the pullback as a strategic opportunity. With the token trading at a discount, many are increasing their holdings in hopes of substantial long-term gains.
How Much Does 100 Million SHIB Cost Right Now?
At the current market price of $0.00001189, 100 million SHIB tokens cost just $1,189. Despite appearing like a large sum in tokens, the fiat investment remains affordable for many retail investors.
On-chain data from IntoTheBlock reveals that 71,510 addresses hold at least 100 million SHIB, representing 4.89% of Shiba Inu wallets. Collectively, this group controls 17.94 trillion SHIB, currently valued at $213.3 million.
These figures suggest that many investors already see 100 million SHIB as a sweet spot for long-term accumulation.
What Happens If SHIB Hits $0.001?
Should Shiba Inu reach $0.001, a 100 million SHIB portfolio would be worth $100,000. That’s a staggering return of $98,811 from an initial $1,189 investment, an 8,310% gain.
For that to happen, SHIB must eliminate two zeros from its current price. The market cap required for this milestone would total $589.25 billion, assuming the token supply remains at around 589.25 trillion.
While some critics argue this is an unrealistic market cap for a meme-based asset, others believe SHIB’s ecosystem developments could eventually support such a move.
Can SHIB Realistically Reach $0.001?
This question has stirred debate for years. Yet, many crypto analysts have presented bullish forecasts for Shiba Inu, especially during strong market cycles.
In October 2024, crypto analyst Crypto Sheriff predicted that SHIB was on course to hit $0.001. His forecast came after the token broke out of a long-term descending triangle pattern, a bullish technical signal.
Similarly, LuckSide Crypto expressed confidence in a SHIB rally, citing increased whale accumulation and minimal upside resistance as key factors supporting a breakout.
Meanwhile, Coinpedia Markets argued in mid-2024 that Shiba Inu could benefit indirectly from Ethereum ETF approvals. With institutional capital flowing into ETH, correlated altcoins like SHIB could experience positive price spillovers. Coinpedia even projected SHIB reaching $0.001679 under the right conditions.
Longer-term forecasts also show optimism. Changelly analysts believe SHIB could hit $0.001 between 2035 and 2039, while Telegaon predicts the milestone could be achieved by 2035.
Challenges on the Path to $0.001
Despite the enthusiasm, skeptics point to Shiba Inu’s massive circulating supply as a primary obstacle. Reducing supply through aggressive burns or restructuring tokenomics could ease that pressure, but the challenge remains significant.
Still, supporters highlight Shibarium, ongoing burns, and ecosystem utility (like SHIB-based gaming and NFTs) as potential catalysts for future price appreciation.
Related article: 11.46 Trillion Shiba Inu Flood Futures Market as Whales Return and Price Breaks Resistance
Final Thoughts
At just $1,189, 100 million SHIB may seem like a speculative play. But if Shiba Inu hits $0.001, that same investment could transform into a $100,000 portfolio.
While risks remain and the journey may be long, SHIB’s loyal community and growing ecosystem continue to fuel belief in the coin’s future. Whether or not it reaches that magic number, one thing is clear: for many, the dip is not defeat, it’s a buying opportunity.
