Shiba Inu added an extra ‘zero’ on Tuesday as both the stock and cryptocurrency markets headed south as another U.S. bank, the First Republic Bank collapsed. In addition, PacWest Bancorp’s stocks were halted for trading as it crashed 30%.
The series of chain reactions made Shiba Inu’s price dip and add an extra ‘zero’ and is currently trading at $0.00000997. SHIB remains in the indices with five ‘zeroes’ and is now looking to delete its fifth zero with a price jump.
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Now that Shiba Inu added an extra ‘zero’, owning 1 billion SHIB tokens just got cheaper than before. While a mere $10 could get you to accumulate 1,000,000 (1 million) SHIB tokens, owning 1,000,000,000 tokens (1 billion) is now at its cheapest levels in 2023.
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Since Shiba Inu is priced at $0.00000997, an investment of $10,000 now could get you to accumulate 1 billion tokens. In case Shiba Inu reaches the $0.01 mark someday, the $10,000 invested today could turn into $10,000,000 ($10 million). That’s an uptick and returns on investment (ROI) of about 100,000%.
However, whether Shiba Inu will reach the 1 Cent milestone in the future or not, only time will tell. The last time investors could buy 1 million SHIB tokens for $10 was in March 2023. The same occurred in November 2022 as well as SHIB remained with five ‘zeroes’ for nearly three weeks. Moreover, SHIB managed to claw back in price twice and reclaim its four ‘zeroes’ trading spot.
Also Read: Shiba Inu: How Many ‘Zeroes’ SHIB Deleted From May 2022 to 2023?
Shiba Inu Billionaire
The Shiba Inu ‘billionaire’ is considered through token accumulation only and not by the ‘dollars’ earned in value.
However, if the markets recover in the coming years and kick-start a bull run, the two might overlap. Eventually, the tokens could turn into dollars as the tables turn in the investors’ favor. Nonetheless, that’s a long way from today as the bull run is nowhere to be seen on the horizon. Reaching the $0.01 mark might take years or decades to get there.
Moreover, if Shibarium ‘burns’ trillions of tokens every year through transaction fees, reaching $0.01 could be closer than expected. We will have to wait if Shibarium can indeed push SHIB’s price towards the path of $0.01.
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At press time, SHIB was trading at $0.00000997 and is up 0.6% in the 24-hour day trade. SHIB is down 88% from its all-time high of $0.00008616, which it reached in October 2021.
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