Shiba Inu ($SHIB ), one of the top meme coins, launched in August 2020 and has become one of the 15 largest cryptocurrencies. Here's what you need to know đ
đ What Happened:
Shiba Inu launched as a Dogecoin-inspired coin on the Ethereum ($ETH) network. It later created a decentralized exchange called ShibaSwap, which includes tokens like BONE and LEASH. Now, itâs traded on major platforms like Coinbase, Kraken, and Robinhood.
đ The Numbers:
Launch Price (Aug. 2020): $0.00000000051 per token
$100 Investment at launch: You could have bought 196,078,431,373 SHIB
Value Today: At the current price of $0.0002027, your $100 would now be worth $3,974,509.80
All-Time High: In October 2021, SHIB hit $0.00008845. At its peak, that $100 investment would have been worth $17,343,137.25!
đ Whatâs Next:
Shiba Inuâs developer, Shytoshi Kusama, is teasing new developments, including a stablecoin called SHI. The increasing burn rate of SHIB has fueled recent gains, with the coin up 12% in a day and 44% in a week.
đ Key Takeaway:
This is a diamond bullet example of how small investments in cryptocurrency can turn into massive returns. While not every coin performs this way, Shiba Inu shows that early investments in meme coins can yield incredible rewards.
đ SHIB Price Action:
52-week range: $0.000006688 to $0.00004534
As Shiba Inu continues to innovate, optimism is growing for this meme coinâs next big move. đ
