Shiba Inu investors holding between 10 and 100 million tokens could see their holdings reach much higher values if SHIB only claimed a market cap of $30 billion.
The crypto market is currently experiencing the second phase of the ongoing bull run, and Shiba Inu has taken advantage of the bull phase to record substantial gains. As the uptrend prevailed, SHIB finally broke through the coveted $0.00002 territory on November 9.
Smaller wallets accumulate SHIB amid rebound
With Shiba Inu up 49.01% over the past week, small investors are returning to the market amid a period of FOMO. Data from IntoTheBlock suggests that this group of investors, particularly those holding less than 100 million SHIB, have accumulated no more tokens.
By According to the data, wallets holding between 10 million and 100 million Shiba Inu tokens currently stand at 302,660, or 22.07% of Shiba Inu tokens. total addresses. In particular, these addresses now socket a whopping 9.46 trillion SHIB tokens, or about 0.95% of the total Sourcing Shiba Inu.
If these investors hold on to their tokens, their holdings could skyrocket if Shiba Inu hits certain price milestones. For example, more recently, market analyst Alex Clay suggested that SHIB could look to claim $0.00005685 as their next target.
It is interesting to note that this price level would bring the market valuation of the Shiba Inu to value it has not been reached for more than three years. As a reminder, a price of $0.00005 would bring SHIB’s market capitalization to approximately $30 billion. The last time the meme coin’s market cap reached this level was In mid-November 2021.
The fact that Shiba Inu has reached this valuation in the past confirms the feasibility of the price target. Specifically, a valuation of $30 billion translates to a price of $0.00005091 per SHIB. At this value, investors with 10 to 100 million tokens could see an increase in their investments.
Value from 10 million, 50 million, 100 million Shiba Inu to a market cap of $30 billion
Those holding 10 million tokens are currently at $263 worth of tokens, while SHIB is trading at $0.00002630. This value confirms this perspective investors could accumulate these tokens at a lower price. Notably, if Shiba Inu hits the $0.00005091 level, this holding would increase to $509.1, representing a 93% return on investment.
Additionally, investors with 50 million SHIB tokens currently hold $1,315. value of the cryptographic asset. A rise in prices has $0.00005091 would bring the value of these tokens to $2,545. This would represent an addition of $1,230 if SHIB’s market cap reached $30 billion.
Meanwhile, holders of 100 million Shiba Inu, currently worth $2,630, would experience more substantial gains if the $30 billion market cap materializes. At this position, these holdings would amount to $5,091, resulting in a return of approximately $2,461.
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