In the crypto market it feels like magic and fairies, especially the meme coin sector. Shiba Inu, for context, traded with 9 zeroes when it launched in August of 2020. The next month in September, it added another zero.
Traders who invested $1,000 in Shiba Inu in August back then saw their holdings plunge to $2 Within a month. It’s an abrupt drop which makes investors sick. A big crash can cause traders to have sleepless nights and anxiety.
The traders that were able survive through this period of anxiety and unpredictability, however, have been rewarded not only with profits, but also life-changing gains. These gains could even last several generations. A $1,000 Shiba Inu investment fell to just $2 after a single month. But for six to twelve months it produced millions of dollars.
You may also like: SHIB News: Where Is Kusama? New Clues Emerge From His Latest Update
Shiba inu made investors take home millions of dollars
In August 2020, $1,000 was worth only $2. The same investment reached a peak of $3.7 Million in April 2021. Portfolio also reached $17.2 million by May 2021 and finally an unheard of high of $55.5 in October that same year. Shiba Inu’s portfolio went from 10 to 4 zeros within a single year.
The token reached its highest point of $0.00008616 on October 20, 2021. It jumped by 1,000% within a single month. It defied price forecasts, market predictions and naysayers to make traders millions. Early investors never thought they would be able to achieve generational wealth within their lifetime. SHIB has not been able to duplicate the success. But you never know. The meme currency segment was based on fairytales, magic, and other elements.
“This article is not financial advice.”
“Always do your own research before making any type of investment.”
“ItsDailyCrypto is not responsible for any activities you perform outside ItsDailyCrypto.”
Source: watcher.guru
