Imagine if you had started investing $100 weekly in Shiba Inu back in August 2020. By 2024, your investment could have grown to a staggering $641 million, showcasing an incredible growth rate of 3,241,253%.
Since its launch in August 2020, Shiba Inu has become a hot commodity in the world of cryptocurrency investments, attracting both newbies and seasoned investors alike. Its rapid rise to fame in just over a year highlights the unpredictable nature of the crypto market. Those who saw the potential of Shiba Inu early on have reaped significant rewards, emphasizing the benefits of consistent investing.
A $100 weekly investment in Shiba Inu from August 2020 to the present would have totaled $19,800. However, the real magic lies in the growth of this investment. During this time, the value of your portfolio would have skyrocketed to an astonishing $641.78 million, demonstrating a mind-blowing growth rate of approximately 3,241,253%.
On the other hand, if you had started investing $100 weekly from Shiba Inu’s launch until its all-time high in October 2021, your total investment would have been $6,500. The returns on this investment would have been even more remarkable, with your portfolio reaching an incredible $1.239 billion at its peak, representing an extraordinary growth rate of 19,064,676%.
As of now, Shiba Inu is on the rebound, with its price rising by 8.43% in the last 24 hours to surpass the critical $0.00025 price level. The cryptocurrency is currently trading at $0.00002577, above the 50-day exponential moving average (EMA). To maintain these gains, it is crucial for this price level to establish firm support. Despite a slight setback of 7.36% over the past week, the monthly increase stands at 3.85%. The 24-hour trading volume has also surged by 38.05%, reaching $891,844,698.
Despite recent fluctuations, many analysts foresee a significant comeback for Shiba Inu in the near future. A recent analysis from The Crypto Basic features insights from William, a respected Bitcoin expert who predicts a substantial increase in Shiba Inu’s value. According to William, SHIB’s target price is expected to hit $0.05, marking an incredible surge of 193,774%.
Disclaimer: This article is for informational purposes only and should not be construed as financial advice. The opinions expressed here are personal views and do not necessarily reflect those of The Crypto Basic. It is advisable for readers to conduct thorough research before making any investment decisions. The Crypto Basic holds no responsibility for any financial losses incurred.