Shiba Inu: If You Invested $1000 In 2020, How Much Could You Make?

Shiba Inu (SHIB) has printed consistent growth since its inception, with huge rewards for early investors who are still HODLing.

Shiba Inu made its debut in August 2020 and in a short while, it gained massive recognition in the crypto ecosystem.

The emergence of the token placed it on a path that helped it ride the bullish cycle that drove the price of Bitcoin (BTC) to its All-Time High (ATH) above $69,000 in November 2021.

According to CoinMarketCap, Shiba Inu also attained an ATH of $0.00008845 on October 28, 2021, but has since pared off this growth. How did early SHIB investors fair at the time and what would their stance be if they are still HODLing now?

Potential Valuation on $1,000 SHIB Invested in 2020

The lowest recorded price of Shiba Inu per data from CoinMarketCap comes in at $0.00000000008165 as of September 1, 2020. Assuming an investor chose this point to stack up on the memecoin with $1,000, he’d have bought 12,247,397,000,000 (12.247 trillion) SHIB.

HODLing until the token hits the All-Time High price where Shiba Inu erased 6 zeroes after the decimal point, this investment would have yielded $1,083,282,264 ($1.083 billion).

Investors who placed their bets on Shiba Inu at its early stages witnessed such early gains, raking in millions of dollars. The Crypto Basic has recorded some of these success stories.

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Since this ATH, the price of Shiba Inu has dropped drastically and is currently changing hands for $0.000009046, up by 0.48% in 24 hours.

For an early investor who bought the coin as highlighted earlier and held onto the more than 12.24 trillion SHIB, the $1,000 invested at the time would be worth $110,789,953 ($110.789 million) as of today.

Can This Mega Growth Still Be Recorded?

The early success Shiba Inu recorded in terms of its price growth has now slowed down with the token down by 89.76% from its ATH. With this slower growth, proponents doubt the chances of a mega price surge in a shorter timeline.

Though the anticipation to see Shiba Inu hit the $0.01 price mark remains intact, current projections place the chances of this happening somewhere between 2040 and 2050.

Shiba Inu has a unique history, especially as it relates to price and the age it took to gain the needed traction. While SHIB may no longer be printing millionaires from small investments, many believe it is worth placing on the watchlist for longer-term growth.

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• Source: https://thecryptobasic.com/2024/01/28/shiba-inu-if-you-invested-1000-in-2020-how-much-could-you-make/?utm_source=rss&utm_medium=rss&utm_campaign=shiba-inu-if-you-invested-1000-in-2020-how-much-could-you-make