How to Become a SHIBA Millionaire With a $100 Investment

When you look at the numbers, though, Shiba is a very other storey, with nothing comparable on the market. While there are numerous examples of excellent investments, none compare to those who made Shiba investments less than a year ago. Not even Warren Buffett comes close!

Despite the fact that he owns a fortune of more than 100 billion dollars, or to be more accurate, 104 billion dollars.

No one had heard of this coin a year ago. That can be seen in the way it grew, which was just a thin line that was hardly moving.

However, an unnamed investor put $8,500 into this coin, which is a significant amount for an unknown coin.

Nobody knows if he's one of the developers, a project participant, or just a random guy who stumbled across this coin by chance. Regardless of who he is, when Shiba hit its all-time high price, his 8K dollars rose to 5.7 billion dollars. I don't know about you, but turning $8000 into nearly $6 billion in less than a year is incredible. It makes no difference how you do it. You have to be extremely fortunate.

Who doesn't want some quick riches, or to be more precise, who doesn't want a few billion dollars? That's probably what drew so many individuals to invest in Shiba.

It's plenty if you make a few million dollars. The lottery has been won by you. All that's left for you to do now is invest it in a secure asset and live your life to the fullest.

The first significant increase occurred in May; it wasn't significant, but it drew attention. What happened in the last month, on the other hand, shattered the internet. The price has risen by about 900 percent in the last year, and by 90.3 million percent in the last year?

What? Yes, you read that correctly. Ninety-three percent!

Is it even possible to do so? Yes, it appears, but only in the crypto world!

That's how you go from $8000 to $6 billion. I believe that the majority of the developers have amassed more wealth than they would ever spend in their lives.

What I don't get about cryptocurrency is why every hyped cryptocurrency is named after a dog. Do you recall Dogecoin?

Photo by Executium on UnsplashOf course, it's a fantastic coin, but the market is flooded with identical coins, and it's not fundamentally different, but because it's named after a dog, everyone jumped in, including the world's richest man, and inflated the price to infinity. It was a lucky ride for whoever caught this wave. I mean, congrats to them. They've made a fortune off of pennies.

But this isn't always the case! Because cryptocurrency is still in the process of forming itself, the market is rife with scam coins. Let's look at the Squid Game coin as an example.

When I first saw this currency, I wasn't surprised because even Shiba, the internet's most famous coin, was supposedly developed as a joke. Nothing can be shocking at this point. We should be prepared for anything. I wouldn't mind if Shiba became more valuable than Apple tomorrow since Crypto is out of control. Back in 2017, we worried that cryptocurrency was out of hand.

Only if we had foreseen what was about to happen. Whoever came up with the moniker Squid Game for the coin is a genius! Because the show is currently trending on the internet.

The currency was created in October and traded for 0.06 dollars until early November, when it surged to 13 dollars, then 36 dollars, and eventually $2,861 before plummeting to zero. It was, without a doubt, a hoax.

The unknown swindlers behind a Squid Game cryptocurrency have officially pulled the rug out from under the project, stealing an estimated $3.38 million in the process. Some folks have lost all of their life savings.

And this isn't a one-of-a-kind came. Scam coins are all over the sector, which is to be expected in a new industry where most people don't grasp how it works, much like people didn't comprehend how the internet worked in the 2000s.

Never put money into a coin that you are not willing to lose. Any cryptocurrency investment should be money that, if lost, will not have a significant impact on your life.

Shiba, on the other hand, is a unique example, with a market capitalization of $36.5 billion at the time of writing script. It dwarfs many publicly traded companies like Pinterest and Robinhood. Shiba Inu and Dogecoin, in fact, are currently worth more than 388 of the S&P 500 firms combined.

Is that clear to you? Even the most successful Wall Street investors are not wealthy. Shiba was established solely to mock Dogecoin, but its value has now surpassed that of Dogecoin.

But what distinguishes Shiba from other Japanese cities? Shiba is a cryptocurrency that runs on the Ethereum network. Remember that Ethereum isn't just a cryptocurrency; it's also a platform on which other cryptocurrencies or crypto projects can be built. As a crypto investment, even Mark Cuban stated that "Ethereum has the biggest upside."

Shiba began with 1 quadrillion tokens, according to their website. Do you have any idea how many zeros there are in a quadrillion? Such a large number! You don't have to count them; I'll just tell you how many there are: 15! 1000 trillion is a quadrillion. As a result, if you look at the Shiba price, you'll notice that it started at $0.0000000001 per coin.

What if you had spent one dollar in Shiba coins in January of this year to become a Shiba millionaire? A single dollar would have bought you 12.5 million Shiba coins, and a thousand dollars in Shiba coins would have made you a billionaire with a net value of 12.5 billion Shiba coins. You've passed up the opportunity to become a billionaire and surpass even Elon Musk.

But, since then, Shiba has skyrocketed to $0.00006610 per token, so a dollar's worth of Shiba won't make you a millionaire, but it's still less than a hundred dollars. So, how does a Shiba millionaire become a Shiba millionaire?

To acquire cryptocurrency, utilise whatever platform you like.

All you have to do is spend $100 on Shiba and change your Instagram bio to Shiba millionaire. Doesn't that sound cool? However, there are a few things you must first comprehend. There are numerous Shiba price forecasts.

Even a tiny investment in Shiba today will easily turn into millions, if not billions, if Shiba reaches one dollar, which looks insignificant. But even if the price drops to 0.1 dollars, it'll still be a good investment. What most people don't realise is that the price tag has no physical meaning.

Instead, we must consider the market capitalization. Shiba's market capitalization would be more than 4 times that of Bitcoin if it crossed 0.01 dollars, not 0.1 dollars, but 0.01 dollars. It will be significantly more valuable than Ethereum, the network on which it is built.

What I'm wondering is how feasible that is.

People that believe Shiba will hit $1 are either making it up or don't understand what they're talking about, because at that price, its market cap would be 100 times larger than Bitcoin's. But, to be honest, nothing surprises me at this point. What I don't like about riding a fad is that it's purely speculative. You have no control over anything. You will lose everything if you do not leave on time.

Only a few people become millionaires, while the great majority lose their hard-earned savings of a few thousand dollars. If you're interested in learning more about cryptocurrency.

Go ahead and do it, crypto is still in its early stages.