✅Shiba Inu: $100 Investments Turn into $50 Million in February 2024
✅Can you still become a millionaire with Shiba Inu (SHIB)?
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Shiba Inu (SHIB) is one of the most popular cryptocurrencies in the market. The memecoin debuted in August 2020 and rallied by many million percent within just one year of launch. The token reached an all-time high over two years ago, on Oct. 28, 2021. Early investors made millions in returns and, in some cases, even billions.
If you would have made $100 monthly investments in Shiba Inu (SHIB), you would have put in about $4,100 so far. However, the portfolio’s value would have skyrocketed to over $50.4 million, a growth of 1,231,379% (1.23 million percent).
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If you had made $100 weekly investments, you would have put in $17,900. The value of the investment would have grown to a whopping $204.9 million, a growth of about 1,144,671% (1.14 million percent).
If you had invested $100 weekly into SHIB till the asset reached its 2021 peak, you would have put in $6200. However, you would have netted an eye-watering $1.16 billion in returns.
The Shiba Inu (SHIB) team has revealed plans for a new burn mechanism, rumored to burn trillions of tokens yearly. SHIB’s massive supply is a barrier to the token’s growth. If the team can significantly reduce the supply, we may see a surge in the asset’s price. However, burns alone will not increase SHIB’s price. The project will need more adoption as well.
