How did 2.5 dollars turn into 1 million? Can Shib regain its title as the meme king?

In November 2020, if you took a chance and spent 2.5 dollars to buy SHIB, it would be like planting a magical seed. Now, that 2.5 dollars could have grown into a towering tree worth 1.04 million dollars, with a terrifying return on investment of over 41 million! And that's not all; if you sold it in October 2021, when it was at its peak and price was highest, 2.5 dollars would have turned directly into 2.91 million dollars, an increase of over 116 million. Isn't that jaw-dropping?

How did Shiba Inu coin manage to rise so much? There are three reasons. First, a big figure in Ethereum, Vitalik Buterin, made a bold move by destroying 90% of his Shiba Inu coins, causing the market supply of Shiba Inu coins to drop significantly. When something is scarce, its price tends to rise. Second, there’s a group of fans called "SHIBArmy" who promote Shiba Inu coin everywhere, increasing its visibility and popularity, which leads to more buyers, and consequently, the price goes up. Third, it was just good luck, coinciding with a bull market where the entire market was rising, and Shiba Inu coin took off with that momentum.

However, Shiba Inu coin also faces troubles, as there are still 589 trillion of them floating around in the market, which is too much. This is its biggest stumbling block. But don’t lose hope; developers are working on a new burn mechanism that could eliminate several trillion coins each year, making Shiba Inu coin scarcer. Plus, if the market heats up again, a new technology called Shibarium is set to be launched, which could provide more use cases for Shiba Inu coin, and it might soar again.

Although it may be difficult to achieve such high returns as before, if Shiba Inu coin can truly realize its potential, it will definitely allow us to make a fortune. Besides being heavily invested in SHIB, Dao also favors Musk's little puppy PP, with over 16,000 addresses holding Ethereum coins, providing at least 10 to 15 times the potential, making it suitable for brothers with smaller funds to stake a position.