Here's How Much $100 In Shiba Inu Today Will Be Worth If SHIB Hits All-Time Highs Again

Here’s How Much $100 In Shiba Inu Today Will Be Worth If SHIB Hits All-Time Highs Again

1 May 2023

in SHIBA

Reading Time: 3 mins read

May 1, 2023 4:29 PM | 2 min read

One of the biggest trending cryptocurrencies in 2022 was Shiba Inu (CRYPTO: SHIB). Trends on social media saw the cryptocurrency, which is based on the Shiba Inu dog breed, and similar to Dogecoin (CRYTPO:DOGE), generate huge interest.

After falling in value, here’s a look at what an investment today could be worth if Shiba Inu can regain all-time highs.

What Happened: Shiba Inu launched in August 2020 as a similarly themed cryptocurrency to Dogecoin. The coin has gained a large following and is currently the 15th largest cryptocurrency by market capitalization.

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Shiba Inu is part of a decentralized exchange called ShibaSwap, which also includes the tokens Leash and Bone.

An NFT project called Shiboshis based on the Shiba Inu coin and ecosystem launched in November 2021.

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After previously only being available on decentralized exchanges like Uniswap, Shiba Inu was added to cryptocurrency platforms like Coinbase, Kraken and Robinhood. The addition of the coin helped increase awareness, valuation and gave more traders easier access to buy, sell and hold the crypto.

In late 2021, Shiba Inu became a trending cryptocurrency and hit an all-time high price. The coin trended on both Twitter and Google with fans of the cryptocurrency calling for Shiba Inu to hit a price of 1 cent.

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Shiba Inu is well off of its all-time highs and down over 50% in the last year. Year-to-date in 2023, Shiba Inu is up 19%. The cryptocurrency continues to engage with its loyal fan base and recently shared updates on its metaverse expansion.

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Related Link: How To Buy Shiba Inu

Investing $100 in SHIB: A $100 investment in Shiba Inu today could purchase 10,104,071.94 SHIB based on the current price of $0.000009897 at the time of writing.

If Shiba Inu gets back to its all-time high of $0.00008445, the $100 investment would turn into $893.71. This represents a potential return of 793.7%.