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

Let's first review the situation of SHIB in 2023. During 2023, the price of SHIB was quite volatile. According to some data from that time, SHIB's price fluctuated between approximately 0.000007 dollars and 0.000012 dollars. Let's take an average value, assuming that when you invested 100 dollars in 2023, the price of SHIB was 0.00001 dollars, then 100 dollars would buy you 10,000,000 SHIB.

Now let's look at the current situation of SHIB, which is quite explosive! Recently, there has been a super significant piece of news; cryptocurrency analysts found that SHIB increased by 60% between November 4 and November 11, 2024, and then formed a bullish flag pattern, which means the price may soon rise again by 48%. Moreover, on November 20, 2024, 1.67 trillion SHIB left exchanges within 24 hours, which is a very strong signal, as similar actions last year led to a price increase of 62%. In terms of price, on November 17, 2024, the price of SHIB reached about 0.000022 dollars, which is quite an increase compared to the assumed buying price in 2023.

Based on our previous assumption of the 2023 buying price and the current price, the value of the 10,000,000 SHIB that you bought for 100 dollars in 2023 is now 10,000,000 × 0.000022 = 220 dollars. Therefore, the profit is 220 - 100 = 120 dollars. Wow, doesn't that feel pretty good? A 100 dollar investment has earned you 120 dollars 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, and prices can rise and fall dramatically. Although SHIB seems to be in a good situation now, there might be a major reversal any day. Additionally, the regulatory policies regarding cryptocurrency are constantly changing in various countries, which can also have a significant impact on SHIB's price. Therefore, if you also want to invest in SHIB, you must not put all your money in it; you should definitely base your investment on your own risk tolerance.