The cryptocurrency industry sees the emergence of hundreds of new assets every day. While some succeed, others fail. In this context, the market is also home to some dubious assets that are introduced to scam the community. But Shiba Inu (SHIB) stands out for several reasons.
The ability to change the fortunes of ordinary people is the main reason for its popularity. But now, the increasing convenience and innovation in the SHIB network has created a turning point. This article will take a deep dive into how the Shiba Inu has evolved since its inception.
Shiba Inu Growth Rate
Shiba Inu was launched in 2020. As the community slowly recovered from the pandemic, the world got to know SHIB. After a slow start, the second largest meme coin skyrocketed to an all-time high of $0.00008845 in October 2021. In terms of price, SHIB has recorded a 1581924.65% increase since its early days.
At the time of writing, meme coin is trading at $0.00002112. This is a loss of nearly 2% over the past 24 hours. Sadly, the asset's weekly loss is 7.23%. Currently, meme coin is 76% below its all-time high.
Review Initial Investments
An investor would have 7.496 billion tokens if they bought $10 worth of SHIB in August 2020 at $0.000000001334 per token. This initial investment of $10 would still be worth $3.77 million at current prices. Clearly, even a meager $10 can change an investor’s financial situation.
Additionally, an initial investment of $100 in Shiba Inu would yield 74.96 billion SHIB tokens. Considering the current price of SHIB, these 74.96 billion tokens are worth $37.65 million. This meme currency is expected to see exponential growth over the next few years. A small investment made today could yield life-changing returns in the future.
