If you invested $100 in SHIB in 2023, how much profit would you have today?

Let's first review the situation of SHIB in 2023. In 2023, the price of SHIB was quite volatile. According to some data from that time, the price of SHIB fluctuated between $0.000007 and $0.000012. Let's take an average value, and assume that when you invested $100 in 2023, the price of SHIB was $0.00001, which means you could buy 10,000,000 SHIB for $100.

Now let's look at the current situation of SHIB, which is quite booming! Recently, there was a super significant news: cryptocurrency analysts found that SHIB rose by 60% between November 4 and November 11, 2024, and then formed a bull flag pattern, indicating that the price might soon rise by another 48%. Moreover, on November 20, 2024, 1.67 trillion SHIB left exchanges within 24 hours, which is a strong signal; similar actions last year led to a 62% price increase. In terms of price, on November 17, 2024, the price of SHIB reached about $0.000022, which is quite an increase compared to our assumed buy price in 2023.

Based on our previous assumption of the 2023 buy price and the current price, the value of the 10,000,000 SHIB you bought for $100 in 2023 is now 10,000,000 × 0.000022 = $220, so the profit is $220 - $100 = $120. Wow, doesn't it feel pretty good? You made a profit of $120 from an investment of $100 in just over a year.

However, friends, while we see the profit, we must also be aware of the risks of investing in SHIB. The cryptocurrency market is notoriously unstable; prices can soar or plummet dramatically. Although SHIB looks promising now, it could reverse at any moment. Furthermore, regulatory policies regarding cryptocurrencies in various countries are constantly changing, which can greatly impact the price of SHIB. Therefore, if you also want to invest in SHIB, make sure not to put all your money in; you should invest only a small portion based on your risk tolerance to test the waters, so that even if you incur losses, it won't hurt too much!