🔥🔥🔥 User Discloses Profit by Holding #shibaInu Rather than Cash in Bank
Resilient Shiba Inu holders are enjoying exceptional returns, with an impressive ROI of 1,865,428%, far surpassing savings account yields.
Shiba Inu, a widely followed cryptocurrency rooted in memes, has millions of holders, exceeding the population of over 105 US cities individually. Despite its volatility, $SHIB has proven lucrative.
However, meme #cryptocurrencies like Shiba Inu often endure sharper declines during market downturns. For example, while $XRP dropped 10% between April 21 and May 1, Shiba Inu plummeted by 26.22% during the same period.
This raises the question of whether investing in Shiba Inu or cryptocurrencies is advisable compared to bank deposits.
Shiba Inu Investment vs. Bank Deposits
- Standard US savings accounts offer APYs ranging from 0.01% to 0.3%. Digital banks may provide up to 5.25% APY. However, these rates pale in comparison to Shiba Inu returns.
- For instance, an individual who invested in Shiba Inu a year ago at $0.000009379 would now see a gain of 158%, with the current value at $0.00002509. Despite volatility, including a drop of over 30%, the investment surged over 400% at its peak when SHIB reached $0.000045.
An Investor's 340% ROI after Holding SHIB for 783 Days
- A user held Shiba Inu for 783 days, revealing a return of approximately 340%. They emphasized that saving in a bank would have yielded only 5%.
Longest Holders Enjoying 1,865,428% Gains
- Investors who never sold their Shiba Inu since acquiring it in 2020 now enjoy an #ROI of 1,865,428%, meaning a $100 investment would amount to nearly $2 million.
Remember, investing in cryptocurrencies is highly speculative and involves a significant risk of loss. You should never invest more than you can afford to lose also do your own research.
Source - thecryptobasic.com
