Shiba Inu: A $1,000 Investment in 2020 Turns into $11 Million in 2024

Ritu77

Shiba Inu (SHIB) is one of the most popular cryptocurrencies among new investors. Its rapid rise from 2020 to 2021 solidified the project's grassroots status. Some early investors made profits ranging from several million to even tens of billions of dollars in some cases.

If you invested $1,000 in Shiba Inu (SHIB) in August 2020 and held those tokens for the past three and a half years, you would have gained a profit of $11 million. The growth of the portfolio value translates to an increase of 1119587% (1.11 million percent).

However, SHIB has been on a downward trend since reaching its all-time high of $0.00008616 in November 2021. Many investors and SHIB fans, collectively known as the SHIB Army, wonder if they can still make it big with the popular meme coin.

Shiba Inu (SHIB) is expected to hit a new all-time high again in 2024?!
SHIB has recently turned completely green, removing one zero from its December 2023 surge in price. Currently, SHIB is up 23.5% on the daily chart, 43.4% on the weekly chart, and 48.4% higher than last month. Additionally, since late February 2023, the asset's price has surged by over 11%.

Shiba Inu: If SHIB reaches $0.1, you could turn $1,000 into $11 million

The recent rebound of Shiba Inu (SHIB) may be attributed to Bitcoin (BTC) hitting a two-year high. The original cryptocurrency has reclaimed the $62,000 price point, the last recorded in 2021. The latest surge in BTC has reignited hopes among investors for SHIB to reclaim its all-time high. However, despite BTC being only 9% below its historical peak, SHIB has declined by 84% from its 2021 peak.

According to Changelly, SHIB is not expected to reach its historical high of $0.00008616 until at least 2028. The platform predicts SHIB will reach $0.0000729927.

977Iti

Anyway, I don't have the money to invest.

Jatin255

However much it grows, what does it have to do with ordinary people?