The Shiba Inu price is expected to surge in the coming months as Shibarium, its layer-2 network, gains momentum and more SHIB coins are withdrawn from circulation. This article explains whether the coin can turn a $10,000 investment into $1 million by 2030.
Shiba Inu Price Target to Convert $10,000 Into $1 Million
The crypto market has been the best place for investors to turn a few hundred or thousand dollars into millions. Most of this growth happened in the meme coin industry, where tokens like Dogwifhat, Pudgy Penguins, and Popcat have become multi-million dollar entities.
Shiba Inu has already produced many millionaires, with its valuation exceeding $9.2 billion and its price over 32,000% above its record low.
The current question is whether a $10,000 investment in Shiba Inu can grow to $1 million by 2030. For this to happen, the coin needs to rise by 9,900%, bringing its price to $0.0015 from the current $0.000015.
The crypto industry proves that anything is possible; for instance, Bitcoin surged below $1 in 2009 to over $104,000 today. So, a 9,900% Shiba Inu price surge cannot be ruled out.
However, because of its magnitude, such a move is not likely to happen. For instance, with the current circulating supply, Shiba Inu’s market cap would exceed $930 billion if its price reached $0.0015.
Shiba Inu’s price has several bullish catalysts. It is one of the most deflationary meme coins as token burns continue. Data shows that over 410 trillion SHIB coins have been incinerated since their creation.
Signs indicate that the Shibarium network is gaining momentum, evidenced by the total value locked (TVL) rising to nearly $4 million. Its transaction growth continues to gain steam.
Although no SHIB ETF applications exist yet, if the SEC approves altcoin funds, one or more companies will likely apply.
READ MORE: Shiba Inu Price: Coiled Spring Ready to Pounce as Whales Buy
Most Realistic SHIB Coin Prediction
The weekly chart shows that the Shiba Inu price has remained bullish recently. It has stayed above the ascending trendline, connecting the lowest swings since July 2021.
In a recent SHIB forecast, we identified that the coin had formed the harmonic pattern known as the XABCD. This pattern is made up of four distinct phases, and the coin has just moved into its final CD phase that runs from the double-bottom point at $0.000011 to the 2024 high of $0.0000455. If this occurs, the coin will surge 185% from its current level.
A move above that price will increase the possibility of the Shiba Inu price jumping to its all-time high of $0.0000882. In this case, it would convert a $10,000 investment into $80,000.
