If You Invested $1000 In Bitcoin, Dogecoin, And Shiba Inu Exactly A Year Ago, This Crypto Would Give You The Best Returns Today
The cryptocurrency market surged Thursday, extending the rise sparked by the Federal Reserveâs first interest rate cut in more than four years.
The rally was spearheaded by popular dog-themed memecoin Shiba Inu, which spiked more than 20% in the last 24 hours, touching levels not seen since mid-June.
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What happened: The latest uptick expanded SHIB's year-to-date gains to 85%, beating coins with higher market capitalizations like Bitcoin and Dogecoin.
But a year ago, things weren't this hunky-dory. The canine coin struggled during the cryptocurrency bear market, losing 90% of its value from all-time highs.
Exactly a year ago, SHIB was priced at $0.000007256. So, $1,000 invested in the memecoin then, would have fetched 137,816,979 SHIBs.
Today, the value of this stash is worth $2621.27, indicating a 162% increase.
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