Shiba Inu: Investment of $4,400 Grows To $50 Million Today
Shiba Inu was trading at a modest price of $0.000000000056 (10 zeroes) during its initial days. SHIB was launched on August 1, 2020, with a circulating supply of 1 quadrillion tokens. However, the anonymous founder Ryoshi donated 505 trillion SHIB tokens to Ethereum founder Vitalik Buterin. The ETH founder sent 90% of the tokens to the dead wallet and donated the rest 10% to India during the COVID-19 second wave.
Also Read: Shiba Inu: How To Make $1 Million If SHIB’s Price Hits $0.001
SHIB then started with nearly 589 trillion tokens in circulation and rapidly spiked in price in 2021. From August 2020 to October 2021, Shiba Inu rose by 85,000,000% (85 million percent) in just 14 months span. Even an investment of $1,000 has made early investors millionaires who are now leading a life of financial freedom.
Shiba Inu: $4,400 Becomes $50 Million Today
If you had a ‘dollar cost average’ (DCA) of $100 every month into Shiba Inu from August 2020 to March 2024, the total investments would have stood at $4,400. DCA is a method where one invests a fixed amount into an asset every month despite its price turns. Therefore, being a DCA investor in Shiba Inu from Aug 2020 to Mar 2024 could have made you a multi-millionaire today.
Also Read: How To Make $1 Million If SHIB’s Price Hits $0.001
Data from CryptoDCA shows that those who invested $100 into Shiba Inu every month from Aug 2020 to Mar 2024, have made a whopping $49.8 million today. That’s a massive profit uptick and return on investment (ROI) of approximately 1,132,482% (1.1 million percent).
Also Read: SHIB Has Potential To Surge 822% & Hit $0.00029
All these life-changing profits would have been attained in less than 42 months of investment. That’s just three and a half years of being in the market and a short time to make millions of dollars.
In conclusion, being a DCA investor in SHIB was more beneficial than investing in the token all at once. Whether Shiba Inu will replicate its performance in the future remains to be unknown.
Read More
Shiba Inu Exchange Reserves Hit Lowest Level Since 2023 — Why A Price Surge Could Follow
Shiba Inu: Investment of $4,400 Grows To $50 Million Today
Shiba Inu was trading at a modest price of $0.000000000056 (10 zeroes) during its initial days. SHIB was launched on August 1, 2020, with a circulating supply of 1 quadrillion tokens. However, the anonymous founder Ryoshi donated 505 trillion SHIB tokens to Ethereum founder Vitalik Buterin. The ETH founder sent 90% of the tokens to the dead wallet and donated the rest 10% to India during the COVID-19 second wave.
Also Read: Shiba Inu: How To Make $1 Million If SHIB’s Price Hits $0.001
SHIB then started with nearly 589 trillion tokens in circulation and rapidly spiked in price in 2021. From August 2020 to October 2021, Shiba Inu rose by 85,000,000% (85 million percent) in just 14 months span. Even an investment of $1,000 has made early investors millionaires who are now leading a life of financial freedom.
Shiba Inu: $4,400 Becomes $50 Million Today
If you had a ‘dollar cost average’ (DCA) of $100 every month into Shiba Inu from August 2020 to March 2024, the total investments would have stood at $4,400. DCA is a method where one invests a fixed amount into an asset every month despite its price turns. Therefore, being a DCA investor in Shiba Inu from Aug 2020 to Mar 2024 could have made you a multi-millionaire today.
Also Read: How To Make $1 Million If SHIB’s Price Hits $0.001
Data from CryptoDCA shows that those who invested $100 into Shiba Inu every month from Aug 2020 to Mar 2024, have made a whopping $49.8 million today. That’s a massive profit uptick and return on investment (ROI) of approximately 1,132,482% (1.1 million percent).
Also Read: SHIB Has Potential To Surge 822% & Hit $0.00029
All these life-changing profits would have been attained in less than 42 months of investment. That’s just three and a half years of being in the market and a short time to make millions of dollars.
In conclusion, being a DCA investor in SHIB was more beneficial than investing in the token all at once. Whether Shiba Inu will replicate its performance in the future remains to be unknown.
Read More