The development history of SHIB (shitcoin) can be described as magnificent:
2020:
- On August 1, someone invested in the SHIB market with a principal of 1000U. However, just one month later, on August 31, its value shrank sharply by 50%, leaving only 550U. From September 30 to December 31, it plummeted by 99.9%, leaving only 1.96U. During this period, due to the continuous plunge in prices, the market was in an uproar, and many investors abused and slandered it. For a time, negative remarks such as "the project party ran away", "maliciously harvesting investors", "market collapse", and "outright scam" were heard everywhere, and some investors even took measures such as complaints and police calls to try to recover their losses.
2021:
- In sharp contrast to the decline in 2020, SHIB has started a soaring rise. If investors stick to their original intentions during the 2020 crash and do not choose to sell at a loss, their assets will see remarkable appreciation. On January 31, the value of assets climbed to 19607U; on March 31, it reached 98039U; on April 30, it soared to 3725490U; on May 31, it broke through the 10 million mark, reaching 17254901U; on June 30, it was 16274509U; on July 31, it remained at 12352941U; on August 31, it rebounded to 14117647U; on September 30, it was about 13921568U; until October 8, it soared to 55490196U. According to the exchange rate at that time, the initial investment of 1000U was about RMB 6,500, and by October 8, 2021, its value had reached about RMB 360 million, which was a staggering return on investment. This also fully demonstrated the extreme volatility and unpredictability of SHIB's price trend.
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