The Shiba Inu (SHIB) network has been one of the best-performing assets over the years. The second-largest meme coin managed to change the lives of many since its origin. The asset’s rise in the 2021 rally is an essential part of the cryptocurrency book. But SHIB’s latest rise has led several investors revaluating their choices.
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Shiba Inu’s Recent Spike
Shiba Inu was one of the top performers over the past month. Similar to Dogecoin (DOGE), the second largest meme coin, Shiba Inu, recorded a notable uptick. This Donald Trump-induced spike brought about great gains for investors.
SHIB surged by over 30% over the past month. The asset went from trading at a low of $0.00001665 to a high of $0.00002938. At press time, SHIB was trading at $0.000025 following a 1.59% dip over the past 24 hours.
The asset even reached an all-time high of $0.00008845 about three years ago in 2021. Currently, SHIB is 71% below this peak. It should be noted that SHIB has witnessed a spike of 1876033.92% since its origin in August 2020. Therefore, a meager amount invested in the past could have brought in major gains.
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How Much Would A $10 and $100 Investment Turn Into?
In August 2020, if an investor bought $10 worth of SHIB at $0.000000001334 a token, they would acquire 7.496 billion tokens. This initial $10 investment would still be worth $126,761 at the current price, which would yield returns of about $187,406.29.
Moving on, an initial investment of $100 in Shiba Inu would have yielded 74.96 billion SHIB tokens. Interestingly, at the current pricing, the 74.96 billion tokens are worth $1,874,062.94.
The above instances highlight the major growth in dainty investments and the asset’s potential to rise even further in the future. The community is eagerly waiting for SHIB to reach the 1-cent milestone.
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