Shiba Inu Removes Zeros Per Year Since 2020 A Breakdown

Shiba Inu has been on a remarkable journey since its launch, shedding multiple leading zeros and becoming a highly profitable cryptocurrency for early investors.
Yescas Rigo, a member of the Shiba Inu community, recently highlighted the impressive growth of SHIB by presenting data on its historical performance. While many are familiar with Shiba Inu’s background, the extent of its significant price surge from 2020 to 2021 is often underestimated.
SHIB’s Remarkable Progress
Yescas’ data reveals the gradual elimination of leading zeros as Shiba Inu rose to prominence. Initially considered a mere copycat of Dogecoin, SHIB was created in August 2020 by the mysterious Ryoshi.
Interestingly, even Ethereum co-founder Vitalik Buterin shared doubts about Shiba Inu’s potential. Ryoshi had gifted Buterin half of the total SHIB supply at launch, which Buterin later burned 410 trillion tokens and donated the rest to charity.
In a recent interview, Buterin admitted that he underestimated Shiba Inu’s success, along with several others in the industry. Since its launch, Shiba Inu has eliminated five leading zeros from its price, as confirmed by CoinGecko data and Yescas’ table.
Exponential Growth
From its initial trading price of $0.000000000972 in August 2020, SHIB experienced volatility that led to the addition of another leading zero. However, the bullish momentum in 2021 saw Shiba Inu rise to $0.00000000505 by January, gradually deleting two leading zeros.
Reaching an all-time high of $0.000088 in October 2021, Shiba Inu had erased five leading zeros since its inception, marking a staggering 9,119,241% increase in value. Despite a 71% drop from its ATH, SHIB still maintains four leading zeros, showcasing resilience and long-term potential.
Future Prospects
Analysts predict further growth for Shiba Inu, with projections ranging from reaching $0.0001 to $0.001 in the near future. Despite the fluctuations, SHIB continues to be a strong contender in the cryptocurrency market, defying initial skepticism and proving its lasting value.
It is important to note that this content is for informational purposes only and should not be taken as financial advice. Readers are advised to conduct their own research before making investment decisions. The Crypto Basic does not take responsibility for any financial losses incurred.