The downtrend in the crypto market has hit Shiba Inu hard, causing a price collapse that has wiped out most of the gains from previous weeks. However, market analysts anticipate a recovery as the bull market progresses, with expectations of a rally surpassing price points like $0.000045 and the all-time high of $0.00008845.
Last August, crypto analyst Javon Marks identified a triple bottom pattern on the 4-day Shiba Inu chart. According to him, this pattern suggests SHIB is on the verge of reclaiming its all-time high price. The factor behind this prediction was the formation of a similar triple bottom in 2021, right before Shiba Inu hit $0.00008845.
Worth of 50M, 100M, and 500M Shiba Inu at $0.00008845
For investors looking to start small, procuring up to 50 million Shiba Inu would require an initial investment of $1,128 at the current price of $0.00002256. Interestingly, the worth of these 50 million tokens would rise to $4,422 if Shiba Inu ever recaptured the ATH at $0.00008845. This would mark a yield of $3,294.
In addition, double this investment, amounting to 100 million tokens, would demand $2,256 if purchased at Shiba Inu’s current price. If SHIB soars toward the all-time high price, the value of the 100 million tokens could rise to $8,845, representing returns of $6,589.
Meanwhile, those seeking greater yields would need to commit more substantial initial investments. For instance, to purchase 500 million tokens, a market participant must invest $11,280 in Shiba Inu at the prevailing price. This investment would reach $44,225 at a SHIB price of $0.00008845, bringing in $32,945 in returns.
Can SHIB Reclaim Its ATH?
These projected returns paint a perfect picture, but the predominant challenge is Shiba Inu’s ability to reclaim the ATH price. Fininterest recently revealed that SHIB faced four major sell walls on the path to the $0.00008845 price. Notably, these sell walls represent points where 352,190 addresses hold 63.76 trillion SHIB.
Some Shiba Inu community figures projected that Shiba Inu could breach these roadblocks and hit $0.00008845 before the Bitcoin halving. However, this failed to materialize. Now, the alternative timeline is after the halving. Despite the optimism, there is no guarantee that these projections will play out.
