#SHIB (Shiba Inu) History Review
Investment Situation in 2020
On August 1, 2020, someone invested $1,000 in SHIB (Shiba Inu). However, by August 31, the price had dropped by 50%, leaving the investment amount at only $550. Worse yet, from September 30 to December 31, the price of the coin continued to decline, with a drop of as much as 99.9%, reducing the initial $1,000 investment to just $1.96.
During this period, the market was full of criticism towards SHIB, with many feeling it was just a scam about to collapse, and some even chose to report it to the police due to dissatisfaction with its performance.
A Stunning Turnaround in 2021
Unexpectedly, investors who held onto the coin saw a huge turnaround in 2021:
- On January 31, the initial $1,000 investment had grown to $19,607.
- By March 31, its value further climbed to $98,039.
- On April 30, the surge was rapid, rising to $3,725,490.
- By May 31, it reached $17,254,901.
- On June 30, its value was $16,274,509.
- By July 31, it still held $12,352,941.
- On August 31, it rose again to $14,117,647.
- By September 30, its value was $13,921,568.
- And on October 8, the initial $1,000 investment astonishingly turned into $55,490,196.
In conversion, the initial $1,000 investment, within just a few months, yielded an enormous return of approximately 360 million RMB.
This dramatic history seems to convey a message: in the investment field, anything is possible. As long as one can buy at a low price, even investing just $1 might have the chance to achieve financial freedom; this is the top narrative of meme coin $1. And now, the opportunity to surpass the classic SHIB is estimated to be the $1 meme coin, loving the country more than the dollar, achieving global consensus. With just $1, there is a chance to achieve financial freedom. For more details, please check my pinned tweet.