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The dollar cost-averaging strategy has proven to be an effective investment strategy for long-term holders. To break it down, this is a simple technique whereby investors are required to divert funds towards assets at regular intervals. The state of the market doesn’t affect the game plan, and the return goals are usually more inclined toward the long term. Thus, this is quite an attractive strategy for new investors with little stake. Prominent Wall Street investors like Warren Buffet have dollar-cost-average stocks like Apple, while crypto veterans like Michael Saylor have implemented this strategy to buy assets like Bitcoin. Instead of sticking to large-cap assets, we will analyze the DCA returns fetched by SHIB investors in this article. Also Read: Fact or Fiction? Can Shiba Inu Make You A Millionaire By 2030 Shiba Inu DCA, Returns Data from cryptoDCA pointed out that if investors started investing in SHIB with just $100 during its early days, they would already be multi...

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 currentl...

In January 2021, a Shiba Inu (SHIB) investor purchased 500 billion SHIB tokens for around $200. At the time, SHIB was trading with a whopping nine zeros after its decimal point. A month after the purchase, SHIB deleted two zeros, and the $200 investment was then worth $10,000. This translates to a gain of around 4900%. Seeing the impressive ROI (Return on investment), the investor cashed out his SHIB holdings. The investor also made a YouTube video celebrating the trade. However, what happened next surprised the investor for the worst. Also Read: Shiba Inu: Can SHIB Remove Two Zeros Before Christmas 2023? In October 2021, Shiba Inu (SHIB) reached its all-time high of $0.00008616. The investor was at a loss for words as his $200 investment would have turned into a whopping $40 million had he held on. This would have resulted in an almost 200,000X return on the initial $200 investment. The investor published another video in November of 2021 expressing his regret for not holdi...

According to the machine learning algorithm at PricePredictions, Shiba Inu will continue on its bearish path until the end of the month. The platform predicted that SHIB would trade at $0.000008203 on Aug. 31. This represented a 1.44% fall from current levels. Source: PricePredictions PricePredictions says that SHIB will continue on a bearish track for the foreseeable future. On the other hand, Changelly predicted that Shiba Inu (SHIB) would rise towards the end of August. The firm says that SHIB will trade at $0.000008538 on Aug. 31. This translates to a growth rate of 2.62%. Changelly says that SHIB will rise until at least mid-September, before falling again. Also Read: Shiba Inu: Shibarium Achieves “Ready” State After Additional Tests Shiba Inu (SHIB) has been on a downward trajectory for most of this year. The token continued to fall despite the launch of its layer-2 network, Shibarium. The network launch was botched with excess traffic, leading to it being temporarily ...

The profitability of holding Shiba Inu (SHIB) has fluctuated alongside changes in the meme coin’s market price. According to data from analytics firm IntoTheBlock, only 12% of current SHIB holders are in a profitable position at the present value of around $0.0000079 per coin. Another 10% are breaking even with neutral profitability, while 78% are estimated to be at an overall loss. Shiba Inu has dropped 91% from its all-time high of $0.00008616, reached in October 2021. Some holders who bought near-peak prices are now underwater on their investments as a result of this decline. At the same time, those who acquired SHIB at lower prices may be experiencing positive returns. Also read: BNB Chain Hacker Loses $30 Million In Liquidation Shiba Inu’s price volatility and holder composition appear to be contributing factors impacting individual profitability. SHIB’s value has experienced major swings amid high trading volumes. Meanwhile, IntoTheBlock estimates...

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...

Shiba Inu is an ERC-20 token running on top of the Ethereum network. Its native token SHIB is the 16th biggest cryptocurrency in terms of market cap. SHIB has a daily trading volume of nearly $125 million with close to 1.3 million holders in the last three years. June was a bullish month for SHIB, and many holders hope for the same sentiment this month. Fortunately, experts agree that Shiba Inu is in for a continuous rise in its forecast. Here is our price prediction for Shiba Inu in July, and just how high SHIB can go. Also Read: Shiba Inu: You Can Now Become a SHIB Billionaire With Only $10,000 Source: Mid-Day SHIB Price Prediction for July 2023 Looking at Shiba Inu’s price movements this year, the token performed well during Q1 but shed its gains in Q2. After touching a yearly high of $0.00001473, it fell nearly 40% in less than 60 days in Q2 of 2023. There are many contrasting price predictions for SHIB this month. Leading on-chain metrics and price prediction firm...

According to Puppyscan blockchain explorer, Shibarium beta Puppynet has completed 25 million transactions since its launch on March 11. The transaction rate increased significantly amid renewed sentiment in the crypto market. Puppynet hit 10 million transactions on May 20 and 20 million transactions on June 11. advertisement The total blocks processed by Shibarium beta Puppynet surpassed 1.45 million and number of wallet addresses increased to 16.98 million. The blockchain remains stable as the average block time remains at 5 seconds and the gas fee is near 1 Gwei. Shibarium Release and Shytoshi Kusama’s Goodbye The community awaits the announcement of the Shibarium mainnet from lead developer Shytoshi Kusama. Earlier this week, Kusama and SHIB marketing specialist Lucie hinted at Shibarium ’s release soon. Lucie in a tweet on June 27 also shared publishing the “Worldpaper” before the Shibarium mainnet release. The Worldpaper will deta...

After adding an extra ‘zero’ in the charts in May, Shiba Inu is currently trading at $0.00000850. SHIB is struggling to knock out the ‘zero’ it added as it’s mostly moving backward than forward. The token is currently on a correction for 10 consecutive days and barely rallied in the indices in Q2, 2023. The development is testing the patience of its investors who dream of seeing SHIB go ‘to the moon’. The reality is that the token is crashing with little to no hope of skyrocketing in price again. Also Read: Shiba Inu: June 2023 Price Prediction for SHIB Source: Coingecko Can Shiba Inu recover from its price drop and will it rally in June 2023? Here’s a price prediction if SHIB could delete its fifth ‘zero’ by the end of June. Will Shiba Inu Delete Its Fifth ‘Zero’ in June? Source – Watcher Guru Leading on-chain metrics and price prediction firm Changelly predicted that SHIB might not delete its fifth ‘zero’ in June 2023. The firm painted a bearish picture for the dog-t...

Shiba Inu, widely recognized as one of the leading meme coin s, has gained significant popularity and secured its position as the second-largest in its category. The dedicated team behind SHIB has consistently demonstrated its commitment to its growth and development, evident through notable initiatives like the SHIB Burn campaign and other ongoing projects. Also read: Shiba Inu: 1 Million SHIB Addresses in the Red, Shows Data However, despite the unwavering efforts of the SHIB team, the price of this prominent meme coin has encountered a period of struggle. The recent decline in its value has left many early investors, who entered at higher prices, at a loss. Source: CryptoPotato Shiba Inu is down by 20% in the last 30 days According to CoinMarketCap data, Shiba Inu price is down by 20% in the last 30 days. From a monthly high of $0.00001038, SHIB has plunged to a low of $0.00000837 before pulling its way back to its current price of $0.000008517. However, des...

The 1-cent dream plays a crucial role in the psychology of investors who aim to make life-changing gains with their investments. Shiba Inu holders dream of earning $1 million if the token reaches the $0.01 milestone someday in the future. However, SHIB reaching $0.01 is a long shot as its circulating supply of 549 trillion tokens stunts its growth. In this article, we will highlight how $1 million could be earned even before SHIB reaches the 1-cent mark. Here’s a step on how one could make $1 million when Shiba Inu touches $0.001 someday. Also Read: Shiba Inu Could Reach $10 by 2024? Here’s a Reality & Fantasy Check Source: Coingecko Shiba Inu: How To Make $1 Million When SHIB Hits $0.001 Source: Reddit Shiba Inu is currently trading at $0.00000848 and is down 0.5% in the 24-hours day trade. Therefore, for an investment of $9,000 at this price today, investors get to accumulate 1,061,320,754 (1 billion) SHIB tokens. If users hold on to their 1 billion tokens for th...

According to crypto analytics firm Messari, Pepe Coin (PEPE) is showing a faster growth rate than its meem coin competitor, Shiba Inu (SHIB). Moreover, the Analysis has occurred based on the performance of the newest viral meme coin over the last few weeks.  The firm noted the growth pattern of the newest meme coin is outpacing the long-time meme coin favorite. Specifically, the average value per PEPE holder is displaying the accelerated growth numbers that lead to the conclusion. Derived from the meteoric rise of the newest meme coin competitor. Source: The Economic Times PEPE Growing Faster Than SHIB? Pepe Coin has taken the meme coin market by storm since its arrival. A rapid ascension took the asset from relatively unknown, to within the top three offerings. Moreover, it has now been revealed that the newest meme coin is outpacing a beloved asset. Specifically, Pepe Coin (PEPE) is showing a faster growth rate than the beloved meme coin Shiba Inu (SHIB). The data re...

Alpha Topup, a B2B solution providing top-up and data services, has announced that it will accept Shiba Inu (SHIB) for mobile top-up. Alpha Topup’s website shows the firm has 150 million users across 160 countries. Moreover, the firm has a network of over 1200 mobile operators. According to their official tweet, Alpha Topup considered SHIB the “hottest meme coin of the year.” The development could potentially open the doors to a whole new user base for Shiba Inu (SHIB). Dive into the future with @Shibtoken! Use #SHIB to top-up your phone, shop online, or explore the upcoming #SHIB metaverse. With #AlphaTopup, we make it easy. Join us and redefine how you transact online! Come on board, #SHIBARMY! https://t.co/8YXKSdMRLY — UQUID (@uquidcard) May 11, 2023 There is no doubt that SHIB is one of the most popular crypto projects out there. Therefore, several firms have tried to incorporate SHIB payments in their operations. SHIB fans, popularly called the SHIB Army...