You can't afford NOT to invest in crypto and find the next Shiba Inu, suggests new report

You can’t afford NOT to invest in crypto and find the next Shiba Inu, suggests new report

10 August 2022

in SHIBA

Reading Time: 6 mins read

Yes, yes… we know. Crypto is about as risky as a game of Russian roulette with an 18th century duelling pistol. Or is it? Actually, scratch that, a new report throws up some surprising data you simply can’t afford to miss. (Possibly.)

Forex Suggest, a Luxembourg-based finance broker, has compiled the stats on a bunch of top-performing cryptocurrencies, as well as some stocks and products, pitting them against each other in a kind of ROI/investment-thesis death match… just without any death, nor much semblance of a match.

In fact, in a further departure from any sense of glitz about this, we’ll forgo the suspense you already don’t have about which category comes out on top. It’s crypto.

The firm’s research is largely based across the past five years of data points, and it reveals that, with a gain of more than 2.2 MILLION per cent during that time, the top-performing crypto has fared more than 2,000 times better than the best-performing stocks. And the other best-in-show ROI cryptos have left stocks in the dust, too.

That’s all despite crypto’s generally pretty crappy year so far in 2022.

Some tables for you…

The top 3 stocks with the best ROI

Rank	Stock	Price five years ago (or at launch)	Current Price*	Five year difference (or since launch) %	Total return on initial $20 investment
1	Tesla	$64.69	$718.84	1,011%	$222.24
2	NVIDIA	$40.63	$187.86	362%	$92.47
3	Apple	$37.18	$146.14	293%	$78.61

*Price as of June 7, 2022

Source: Forex Suggest Crypto Opportunity Cost report 2022

And now… drumroll…

The top 5 cryptocurrencies with the best ROI

Rank	Cryptocurrency	Price five years ago (or at launch)	Current Price*	Five year difference (or since launch) %	Total return on initial $20 investment
1	Shiba Inu	$0.00	$0.00	2,207,743%	$441,568.63
2	BNB	$0.11	$309.60	287,365%	$57,493.04
3	Axie Infinity	$0.15	$21.91	14,917%	$3,003.43
4	Polygon	$0.00	$0.65	13,526%	$2,725.10
5	Decentraland	$0.02	$1.05	5,657%	$1,151.32

*Price as of June 7, 2022

So there you have it… As a five-year-hold, a coin (Shiba Inu) based round a meme of a cartoon dog that was ripped off another memecoin about a similar dog, has wiped the floor with the very best tech stocks in existence.

In fact, the research shows that if you’d not bought that large pepperoni pizza and longneck of Reschs you tucked into roughly five years ago on a lonely Friday night, and instead bunged the $20 US dollar value on SHIB, you’d have almost 40 billion of the doggie tokens today.

And that translates to about AUD $610,000.

But don’t beat yourself up. You really, really weren’t to know.

Further fun Forex Suggest findings

• EV company Tesla had the biggest increase in value of any stock over the past five years, with an increase of 1,011%. Not too shabby… but yeah, still more than 2000x less than the major competitor of Musk-favourite Dogecoin – SHIB.

• Some 18 cryptocurrencies outperformed the best stock on the market over the past five years. And that means 18 coins had more than a 1,011% value increase despite crypto crapping the bed somewhat this year.

• The top 50 cryptos’ median average increase is 329% compared with the average of the top 50 stocks, which sits at 74%.

• Rare-earth metal rhodium tops the list of alternative, non-crypto products with the biggest ROI across five years, according to the study. The price of the metal increased by $13,840 over that time; a 1,441.67% gain. A $20 investment in 2017 would now be worth more than… US$308.

No, it’s not crypto-gainz territory, but that’s still a fair amount of pizza and beer.

You can view the full research, and how the brokerage firm worked it all out, here.