Shiba Inu, or SHIB for short, has been one of the top-performing investments over the past four years. SHIB, which was first launched in August of 2020, has seen its price rise by millions in just one year. In October 2021 it reached a record high value of $0.00008616. SHIB was a money-maker for early investors, who made thousands of dollars. SHIB became popular amongst new investors in 2021 who wanted to get rich quickly in the crypto world.
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The portfolio’s value would have risen by 18,655,517% (18.6 million percent) if $1 was invested every month from August 2020 to October 2021. Portfolio value has risen by 18.6 million percentages (18,655,517%) and $15 is now worth $2.79million.
If you invested $1 per month in Shiba Inu up to today, your investment would be $46. In this case, the portfolio value would have increased by 2,988,599% and $46 would be worth $1.37million.
You can still be a millionaire by owning a Shiba inu.
SHIB has had an incredible four-year performance. The asset, despite its massive gains has been struggling to gain momentum since 2021.
Vitalik Buterin is the co-founder and founder of Ethereum. He has burnt a massive amount SHIB. Buterin, who received 50% of SHIB at the launch of SHIB, decided to burn 90%. Buterin’s actions caused a sharp drop in the supply of SHIB, which led to an increase in its price.
Also Read: Shiba Inu: SHIB’s Price If Its Market Cap Hits $100 Billion
Shiba Inu is working on an alleged new mechanism to burn tokens, which will reportedly destroy trillions each year. We may see another rally similar to 2021 if the team is able to drastically decrease SHIB supply.
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Source: watcher.guru
