Although Shiba Inu was initially launched as a meme coin, it has achieved significant success in the cryptocurrency world. The 150,000,000% increase in value in 2021 brought huge profits to its investors. However, it is a matter of curiosity whether there will be an increase of 150,000,000% from its current price.
Shiba Inu was considered a meme coin when it was launched by anonymous developer Ryoshi in August 2020. However, it quickly saw great demand and was among the top 10 cryptocurrencies by market value by the end of 2021. On August 1, the Shiba Inu ecosystem celebrated the fourth anniversary of the SHIB token. Marketing Officer Lucie emphasized that SHIB came from humble beginnings to today and stated that it experienced a 150,000,000% increase in value from the all-time high price of $ 0.00008616 in October 2021 to the opening price of $ 0.000000000056.
Despite SHIB's decline from its all-time high price, its current price of $0.00001460 has resulted in an increase of 26,071.328% from its opening price of $0.000000000056. This has ensured that Shiba Inu remains one of the most successful among crypto assets.
Shiba Inu's Profit to Investors
A person who invested only $10 when SHIB was launched has made a profit of approximately $2.6 million today. This gain increased interest in the Shiba Inu and market participants began to expect a repeat of the previous uptrend. The general view is that SHIB has the potential to surpass its previous all-time high. However, the size of this possible rally is still a matter of speculation.
SHIB is currently trading at $0.00001460 and has fallen by 14% in the last week. A 150,000,000% increase over the current price means SHIB could shed all its zeros and rise to a double-digit value. Notably, it is predicted that such a rally could push SHIB up to $21.9. However, with 589 trillion tokens in current circulation, achieving such a rally poses a huge challenge. A price of $21.9 would push the market cap into trillions of dollars; This is a very ambitious goal, considering that the market value of gold is around $16 trillion.
For SHIB to achieve this type of rally, its circulating supply would need to fall below 1 trillion tokens. However, due to the decentralized distribution of SHIB tokens, the probability of such a supply reduction is quite low.
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