$1,000 in Shiba Inu from 2021 Still Worth Over $130K

Shiba Inu current price of $0.000007354 implies that the asset still witnesses a 12,951% increase in the past three years, with a $1,000 investment then currently worth $130,516 today.

Today, three years ago, Shiba Inu’s price had plummeted to a low of $0.00000000008165 based on available data. Interestingly, Shiba Inu recovered, soaring to its all-time peak under thirteen months later.

Specifically, Shiba Inu exchanged hands at $0.00008845 by October 2021. If an individual had allocated $1,000 to the digital asset in 2020, what would the current value of that investment be?

The Crypto Basic analyzes the prospects of a $1,000 investment in Shiba Inu around its lowest points in 2020.

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Shiba Inu from 2020

Shiba Inu is often referred to as a meme-inspired digital asset that launched in August 2020. However, its development team has been determined to disassociate itself from the “meme coin” categorization.

Shiba Inu debuted with an initial price of $0.000000001009. However, data from prominent market tracker CoinGecko suggests that the digital asset hit its lowest point ever within four months of launch. 

In particular, CoinGecko data indicates Shiba Inu traded at $0.00000000005636 by November 28, 2020. The figure implies Shiba Inu saw a 94.26% crash shortly after it went live in the crypto community.

Investing $1k in Shiba Inu in 2020

While Shiba Inu wallowed in the abyss in 2020, crypto market participants with long-term projections of the coin took advantage of the low prices.

Mathematically, a $1k investment in Shiba Inu at $0.00000000005636 amounted to 17,746,478,874 (over 17.7 billion). On the other hand, a similar investment would only amount to 136 million SHIB units today.

Given Shiba Inu’s price today at $0.000007354, the $1,000 from 2020 would be worth $130,516. That implies a return on investment of 12,951% within three years. Meanwhile, the same $1,000 yielded $1,572,272 at SHIB’s all-time high in October 2021.

While these estimations may appear hypothetical, The Crypto Basic has reported the case of a warehouse manager who accumulated millions of dollars in profit with a mere $8,000 investment in 2021.