Shiba Inu Worth $800 Can Make You A Millionaire If SHIB Reaches This Level

Last week, Shiba Inu SHIB/USD introduced its much-anticipated layer-2 solution, Shibarium, despite some initial hiccups.

What Happened: The main objective behind Shibarium’s development was to tackle Ethereum’s ETH/USD scalability concerns head-on. By increasing transaction capacity and reducing costs, this solution aimed to elevate Shiba Inu beyond its origins as a mere meme coin.

SHIB developer Shytoshi Kusama on Sunday provided an update on the team’s progress. He said "Today, the team focused on ensuring perfect security measures are in place and began deep testing on the blockchain. Shibarium is currently live (but in private mode) producing blocks as normal."

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Why It Matters: While the launch of Shibarium set the stage for an exciting future, the possibilities for investors are equally intriguing. In theory, if SHIB were to reach the milestone of $0.01 in the long run, investors could potentially experience a significant multiplication of their fortunes.

Considering the current token price of $0.0000078, an investment of approximately $800 would yield around 101 million SHIB tokens. As SHIB’s price reaches $0.01, the investment would skyrocket to a staggering $1.02 million, an increase of 128,105.13%.

Price Action: At the time of writing, SHIB was trading at $0.00000789, down 4.19% in the last 24 hours, according to Benzinga Pro.

Photo Courtesy: Shutterstock.com

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