Shiba Inu SHIB Investment Strategy: Become a Billionaire with $1,000 per Month

The SHIB ecosystem has seen impeccable growth over the past few years. Especially soon after its launch, the asset quickly soared and created millionaires.

But it seems that the days of SHIB creating millionaires are long gone, as the price of this meme token struggles at the level of $0.000017. In the past month, SHIB has fallen by 30%.

Nevertheless, data shows that investing $1,000 per month since 2020 could make investors billionaires, not just millionaires.

If $1,000 is invested every month from August 1, 2020 to July 2, 2024, the total investment amount will be $46,000. The maximum return amount is $1.5 billion.

Shiba Inu and DCA

A popular investment technique is called dollar-cost averaging (DCA), which involves investing a specific amount of money over time. This has nothing to do with the price of the asset. It can be done on a monthly or quarterly basis and is best suited for long-term investors rather than short-term traders. Using this strategy, some investors invest only when the price of an asset drops below their initial outlay.

This approach has been used by famous figures such as Warren Buffett and Michael Saylor. But they use this strategy for stocks, not cryptocurrencies.

Current Market Conditions of Shiba Inu

SHIB is trading at $0.00001731 with a daily gain of 1.28%. The asset's trading volume has dropped significantly by 20% to $155,867,375. Most SHIB investors are making profits. More than 51% of investors in the market are in profit. A total of 47% of investors are still in the red.