• Shibarium has the potential to drive massive price upshoots for Shiba Inu.
• These upshoot may have the tendency to create more millionaires in the foreseeable future

The early investors in Shiba Inu (SHIB) are arguably some of the lucky investors as they are notably coasting away with a Return on Investment (ROI) worth 675798.75% per data from Markets Cap. This huge ROI is despite the ongoing crypto winter and with a significant consideration that SHIB is down roughly 87.67% from its All-Time High (ATH) of $0.00008845 attained back in late October 2021.

While many may be surprised at the revealed metrics, investors who inject just about $10 into SHIB when the price hit its lowest price figure of $0.000000000082 must-have carted away with the sum of $1,331,707.32 at current prices. This is a given provided that did not exit their positions from that time to date.

The analogy might be confusing for those new to the digital currency ecosystem but for keen observers, it will be confirmed that memecoins like Shiba Inu can grow sporadically. While the price action is bi-directional, meaning it can fall as much as it can rise, it is known largely to return good funds back to patient investors.

Is There Still Room to Make $1M?

While many must have complained that they have missed the train of the most successful early comers for Shiba Inu, hopes are not yet lost.

The primary goal of most memecoins, including SHIB, is to grow to the point where its price touches $1. While this is almost an unrealistic target considering the massive circulating supply it currently has, there are chances that the price may record a similar ROI as what was mentioned earlier.

A $100 investment in Shiba Inu at the time of writing will give the buyer a total unit of 9,174,312 SHIB. Should the digital currency continue on its noted uptrend over the coming years and its price eventually gets pegged at $0.1, the investor would be carting away a total of $917431.2 which is approximately $1 million.

For those who understand how crypto investors work, this might be a lofty dream but from observations, we have observed “miracles” in this space and per the growth of SHIB, chances are that such important milestones can still be reached.

Potential Drivers of Growth in Shiba Inu

If Shiba Inu will grow to the price point highlighted, then it will be hinged on the highly acclaimed, yet-to-be-released Shibarium Layer-2 protocol. As part of the Shiba Inu ecosystem, Shibarium will be powered by the BoneShibaSwap (BONE) token but for every transaction, a certain amount of SHIB will be burnt, thus driving the deflationary goals of the token.

Shibarium will also have one official Decentralized Exchange, the ShibaSwap. Many imposters have been creating phony DEXs to scam people but the consolidation of the Shiba Inu innovations is certain to drive the price valuation of SHIB and every token within the memecoin’s ecosystem.