Shiba Inu: How Much Would $1,000 Invested in 2020 Be Worth Today

The price of Shiba Inu dipped to $0.000000000082 in September 2020. However, by October 2021, the same meme coin had reached its highest-ever value of $0.00008616. If someone had invested $1,000 in SHIB in 2020, what would that investment be worth today?

Also Read: Shiba Inu: SHIB Could Easily Reach $0.01 if This Happens

Analyzing a $1000 investment made in 2020

The network was determined to distance itself from being labeled as a “meme coin,” which led to the introduction of Shibarium. Although the layer-2 network generated considerable excitement, it did not succeed in elevating the value of the meme coin. Nonetheless, there is optimism for the asset to reach a set of significant price-related milestones in the near future.

Shiba Inu was initially introduced with a starting price of $0.00000001009, but it subsequently experienced a significant decline, reaching an all-time low of $0.000000000056 in November of that year. At the time of writing, SHIB is currently being traded at $0.00000726. This represented an astonishing increase of 12,910,878.45% from its lowest point.

Hence, taking its current value of $0.00000726 into account, an investment made at its lowest point would result in substantial profits. To be precise, an initial $1,000 investment in SHIB back in 2020 would now be valued at an astonishing $130 million. This affirmed that this investment opportunity would have turned out to be a significant one.

Also Read: Shiba Inu To Reach 10 Cents? Here’s When SHIB Might Hit $0.10

  • crypto
  • cryptocurrency
  • shib
  • shiba inu

Comments

Post a Comment

Popular posts from this blog

BTC hodlers outperformed crypto funds by 69% in H1: 21e6 Capital

Image
21e6 Capital AG stated that crypto funds generally outperformed the price gains of BTC in previous bull runs, but ultimately suffered this year from having too much cash on hand and playing it safe. The classic buy and hold, or HODL approach to Bitcoin (BTC) out perform ed the majority of crypto funds by 68.8% in the first half (H1) of 2023. According to data from Switzerland-based investment adviser 21e6 Capital AG, on average, crypto funds generated returns of 15.2% in the first half of 2023 (Jan.1 to June 30) , compared to the roughly 84% price gain BTC saw in the same period. Crypto funds on average generated 15.2% return in the first half of 2023 lol pic.twitter.com/vb8pwYfiX9 — Alex Krüger (@krugermacro) August 5, 2023 Emphasizing the significance of such via an Aug. 2 half-year report, 21e6 Capital AG’s head of marketing Maximilian Bruckner outlined that crypto funds have been “frequently able to significantly outperform Bitcoin in previous bull runs.” Bruckner attrib...
Read more

Shiba Inu lead developer queries Coinbase's 'Onchain Summer' campaign

Kusama responded to Coinbase’s CEO, Brian Armstrong's update with the statement, "If it isn't a shadowcat, it's a copycat." Shytoshi Kusama, the lead developer of Shiba Inu, has given a response to Coinbase's Onchain Summer campaign . He suggested that Coinbase's campaign seemed to have similarities with the ideas originally presented by the Shiba Inu community. Kusama responded to Coinbase’s CEO, Brian Armstrong's update with the statement, "If it isn't a shadowcat, it's a copycat." On August 3, Armstrong showcased in a tweet the use of the Base bridge, launched the previous day, while highlighting Coinbase's upcoming Onchain Summer initiative. Coinbase is preparing to launch its Ethereum Layer 2 solution, known as Base, on the mainnet. Armstrong recently confirmed that Base is aimed at bringing the next billion users into the blockchain ecosystem. It aims to achieve this goal by offering tools for the development of various W...
Read more

Blackrock CEO issues dire warning over ‘debt ceiling drama’ — Bullish for Bitcoin?

Image
The debt ceiling has been raised but Larry Fink says trust in the U.S. dollar is being eroded, which could be good news for Bitcoin. Blackrock CEO Laurence Fink believes the recent " drama " around the United States debt ceiling has deteriorated global trust in the U.S. dollar, something that other analysts predict could provide some tailwinds for Bitcoin (BTC). Fink’s comments come as U.S. lawmakers passed a highly-anticipated bill to lift the $31.4 trillion debt ceiling on June 1. The U.S. Treasury indicated that the deadline for raising the debt ceiling was June 5. Any later, the country could begin defaulting on its debts. 314-117: The House passes the Biden-McCarthy debt ceiling agreement, raising the debt limit until 2025 and instituting discretionary spending caps for two years. 71 Republicans and 46 Democrats voted “no” on the bill. pic.twitter.com/RdU42whDd5 — The Recount (@therecount) June 1, 2023 According to a May 31 report from Reuters, Fink told the attendee...
Read more