In 2023, you had 100 dollars, and you chose to invest in $SHIB , how much can you earn now?
First, let's talk about the unpredictable price of SHIB in 2023; it was like a roller coaster, going up and down. Let's assume at that time, the price of SHIB was about 0.00001 dollars, then 100 dollars could buy 100 million SHIB.
In the blink of an eye, here we are now, and SHIB has become incredibly popular! There's big news saying that SHIB increased by 60% during one week in November 2024, and then formed a bullish flag pattern, which sounds quite impressive, meaning the price might rise another 48%. Additionally, on November 20th, 1.67 trillion SHIB were withdrawn from exchanges, which is a significant move; in a similar situation last year, the price skyrocketed by 62%. By November 17th, the price of SHIB had already risen to 0.000022 dollars.
According to this calculation, the 100 dollars you invested in 100 million SHIB in 2023 is now worth 220 dollars! In other words, in just over a year, you earned 120 dollars, which is quite substantial.
However, while we are happy, we must also be aware of the risks of investing in SHIB. The crypto market is chaotic, and the prices can soar like a rocket or crash down suddenly. Although SHIB is currently on a roll, no one can say for certain if it will suddenly hit the brakes one day. Additionally, the regulatory policies on cryptocurrencies vary from country to country, making the price even harder to predict.
So if you want to invest in SHIB, you should be cautious and definitely not throw all your money in. Take a small portion to test the waters; even if you incur a loss, it won't be too painful. Investment has risks and returns, but you must also act within your means!
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