Let's talk about how much money you would have made if you invested $100 in SHIB in 2023.
You need to know that in 2023, the price of SHIB was like a roller coaster, going up and down. For convenience, let's assume it was about $0.00001 each at that time. So if you bought with $100, you would have gotten 100 million SHIB.
Now, SHIB is on fire! I've heard that it surged recently, increasing by 60% in one week, and it seems like it's going to rise another 48%. Also, a lot of SHIB has been taken off exchanges, and last year, when this happened, the price increased by 62%. By November 17, 2024, the price of SHIB is about $0.000022.
Let's calculate this: the 100 million SHIB you bought is now worth $220! That means you made a profit of $120. How about that? Sounds pretty good, right? You doubled your money in just over a year!
However, we must be honest; investing in SHIB comes with significant risks. The prices in the cryptocurrency market can change as quickly as the weather. Although SHIB looks quite popular now, no one can predict when it might drop. Also, regulations regarding this cryptocurrency are changing in different countries, which could also affect its price.
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