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Do You Want to Retire Early? Here Is the Amount of Shiba Inu You Should Hold
The famous Meme Coin Shiba Inu (SHIB) has attracted a large following after changing the fortunes of some investors. In its early days, this asset created millionaires and billionaires. Since its launch in 2020, the asset has grown by 1596625.49% to date. Although this level of growth has been seen in the past, the asset still has the potential to reach even greater heights. But can this meme coin appreciate enough for an investor to retire? Current Market Situation of Shiba Inu (SHIB) At the time of reporting, Shiba Inu is trading at $0.00002134. This comes after a 1.16% decrease in the past 24 hours. Throughout the past week, the meme coin has recorded a significant 21% drop. This has pushed SHIB even further from its all-time high of $0.00008845. Please provide the source language text for translation. Can You Retire With Shiba Inu? The location of an individual is a key determinant in the amount needed to retire early. If a person lives in a country with lower living costs, they can comfortably retire with a net worth of $700,000. However, the same cannot be said for someone living in a wealthy country like the United States.
A CNBC article earlier this year stated that a net worth of $2 million is needed to retire in Hawaii for 25 years. An investment of $10,000 will turn into 454,545,454 SHIB at the current price. With a portfolio of 454.54 million Shiba Inu tokens, the price of SHIB must surge to $0.0044 to exceed the $2 million retirement benchmark. Note that this will be a 19,900% increase compared to the current price of $0.000021. Shiba Inu will have a market value of $2.59 trillion at $0.0044. This figure will be 28.85% higher than the current market value of Bitcoin at $2.01 trillion. According to data from Telegaon, Shiba Inu could reach this price level between 2035 and 2040. While the market has to wait for a long time, the general market sentiment can drive this asset. DYOR! #Write2Win #Write&Earn $SHIB {spot}(SHIBUSDT)