- If SHIB pumps 115% or 200%, one needs $465K or $334K to flip it into $1 million.
- This estimated capital could drop to $94K or $34K if 5X or 10X leverage is used.
The craze of flipping meme-coins into millions isn’t fading anytime soon. At least going by the strong meme-coin narrative dominance in 2024.
So, how much do you need to flip Shiba Inu [SHIB] into millions?
Most analysts expect a market rebound in early 2025. After that, they project a possible pause into summer, followed by another rebound from Q3-Q4 2025 before the cycle tops.
Assuming they’re right, the two bullish targets for SHIB are the March highs of $0.00004567 and the 2021 peak of $0.00008854. If the targets are hit, that would translate to a potential 115% and 315% rally, respectively.
Source: SHIB/USDT, TradingView
How much is needed to become a SHIB millionaire?
What if SHIB doesn’t climb to its 2021 highs? What’s the next conservative target that we can work with?
Based on the Fibonacci trend tool, traced from the September lows and March highs, the next key target could be $0.00006958. If reached, that would offer over 200% potential gains.
Source: SHIB/USDT, TradingView
So, if SHIB pumps 115% to March highs or 200% to the key Fib level, how much should you invest in SHIB to flip it to $1 million?
Assuming that the price bounces from the trendline support (white) and at the current level of $0.00002205, you’ll need les
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Author: Benjamin Njiri
