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Shiba Inu: You Could Have Made $1 Billion With $10,000 In SHIB

Shiba Inu: You Could Have Made $1 Billion With $10,000 In SHIB

WatcherWGuru
Author:
WatcherWGuru
Release Time:
2025-01-14 17:00:00
0

Shiba Inu (SHIB) made waves during the 2021 bull run. The asset’s price skyrocketed by many million percent. Early investors made millions of dollars in profit with minimal investments. Some investors even made billions. The rags-to-riches stories around SHIB solidified its status as a “millionaire-maker.”

You Could Have Become A Billionaire With Shiba Inu

Shiba inu pool money

Source: Watcher Guru

SHIB hit an all-time high of $0.00008616 in October 2021. If you invested $10,000 in SHIB on Aug. 2, 2020, and sold it when SHIB was at its peak, you would have made $1.03 billion. Your portfolio’s value would have grown by 10,303,317.8% (10.3 million percent).

Shiba Inu ROI

Source: Changelly

If you continued to hold till today, the $10,000 worth of SHIB would have grown to $289.44 million. Your portfolio’s value would have increased by 2,894,306.7% (2.89 million percent).

SHIB ROI

Source: Changelly

Can You Still Become A Billionaire With The Dog-Themed Crypto?

Vitalik Buterin’s enormous token burn was one of the main drivers of Shiba Inu’s (SHIB) amazing 2021 rally. 50% of SHIB’s supply was given to him at debut in 2020. Buterin decided to burn 90% of the tokens and give the remainder to a worthy cause. While demand was still high, his actions caused a dramatic drop in supply.

SHIB’s supply is one of its most significant barriers to its price. If the SHIB team can reduce the project’s supply, we could witness another big rally. The SHIB team is reportedly working on a new burn mechanism, rumored to burn trillions of tokens yearly. How the new mechanism works is yet to be known. The team has also not disclosed the upcoming burn mechanism’s launch date.

Articles on this site are sourced from public networks or curated by AI for informational purposes only and do not represent BTCC’s views. Original rights belong to the respective authors. For copyright concerns, please contact [email protected]. BTCC assumes no liability for the accuracy, timeliness, or completeness of this information, and disclaims all liability arising from reliance on such content. This content is for reference only and should not be taken as investment, legal, or commercial advice.

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