Shiba Inu, or SHIB for short, is one of the most popular cryptocurrencies in the world. The incredible performance of the asset during the 2021 Bull Run solidified its reputation. “millionaire-maker.” After just one year of its release, the price of SHIB has risen by millions.
Also Read: Shiba Inu: Here’s How To Be a Millionaire When SHIB Hits $0.007
Recenty, the Indian Government released its Budget for 2024. The new rules require investors to pay 12.5% on capital gains over a long period of time, which is a 2.5% rise from the previous year. They also have to pay 20% on capital gains under a short term, which represents a 5.0% increase. Tax hikes were considered unpopular by many investors. Some investors might even switch to more risky investments, like cryptocurrencies, in order to increase their profits.
Shiba Inu can earn you Rs. How much can Shiba Inu bring you in five years?
SHIB has become a very popular currency in India. SHIB was the most popular cryptocurrency in the recent WazirX Hack, accounting for over $100 Million of the total $235 Million stolen.
Researchers at TelegaonSHIB may reach a price maximum of Rs. In 2030, SHIB could reach a maximum price of Rs. Have Rs. For Rs. You will require approximately 16,6666666666 coins (16,6 crore coins). Right now, 16.6 billion SHIB costs about Rs. 2,33333.33.
Also Read: Shiba Inu: You Could Have Made $2.7 Million By Investing Just $15
Changelly Shiba inu has a lower price forecast. The asset will reach Rs. Have Rs. To have Rs. You’ll need 55,55.55.555.556 coins. 55.55 crores of coins are currently priced at around Rs. 7,77,777.77.
Investors should be aware that despite the high-paying figures, these projects may never come to pass. Indian tax authorities have levied 30% on all crypto-related gains.
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Source: watcher.guru