The historic 2021 rally of Shiba Inu (SHIB) has resulted in the establishment of numerous millionaires.
Numerous individuals generated millions of dollars with negligible capital.
It was too late for many others to capitalize on the SHIB tide. Those unable to participate in the dog-themed cryptocurrency continue to contemplate whether they can achieve significant success.
Can I retire by 2035 with $5,000 invested in a Shiba Inu?
Purchasing $5000 of SHIB today will result in approximately 434,782,608 (434.78 million) coins.
Changelly predicts that SHIB could reach the highest price of $0.000709 by 2034. Assume that the asset will get an average of $0.0008 in 2035.
The value of the 434.78 million SHIB will reach $347,826.09 at a rate of $0.0008 per coin. Although the return is remarkable, it is significantly lower than SHIB’s 2021 return.
Given the current global economic environment, $347,826.09 may not be sufficient to fund retirement. Inflation will be a significant concern for the dollar over the next decade. The $347,826.09 may not enable you to resign from your position and pursue your aspirations.
Analysts at Telegaon are more optimistic about Shiba Inu (SHIB) than those at Changelly. According to the platform, the asset is expected to trade at a maximum price of $0.00216 in 2035.
The 434.78 million SHIB tokens will be valued at $939,130.44 in this scenario. This is a significantly superior return. Although the increase in value is commendable, the mere possession of just under one million dollars may not be sufficient to retire in numerous developed countries.
You can relocate to an unconventional location where prices are more affordable. However, it would be impossible to reside in the United States, where the population is slightly less than one million, in 2035.
It is feasible that Shiba Inu will implement an innovative combustion mechanism shortly. In 2035, the asset’s price could increase significantly beyond expectations if the SHIB team can dramatically reduce its supply.
