In the crypto space, making massive profits can happen spontaneously over a short period. However, they are not frequent and stem mainly from insiders leaking information to those involved in such trading adventures.
On the other hand, consistent investments have been known to be a better route to accumulating guaranteed profits, considering that it might not require massive start-up capital, bears minimal risk, and offers traders several means of exiting and joining a project.
This insight will focus on a consistent Investment strategy using Shiba Inu (SHIB) as a central focus to estimate what a $100 weekly investment from August 2020 will amount to presently. Notably, we shall adopt a reliable calculator, “CryptoDCA,” implying that the insight will be based mainly on what the calculator presents.
CryptoDCA Profit Return Estimation From A $100 Weekly SHIB Investment
According to the calculator platform, investing $100 every week between August 2020 and June 16, 2024, will amount to an investment fund of about $19,800. Interestingly, the sum would have appreciated by about 3,241,253.47%
Based on mathematical evaluation, the appreciation percentage above implies that the investment is now worth approximately 641,787,987.06, representing about 641,768,187.07 in profits.
Taking Profits From A Consistent Weekly $100 Investment At SHIB ATH
Meanwhile, in a scenario where a trader has been consistent with a $100 investment from August 2020 down to October 28, 2021, when SHIB attained its $0.00008616 all-time high (ATH), the total investment will be worth approximately $6,500, amounting to about 19,064,676.20% increment.
Impressively, the appreciation rate above resulted in profits of about $1.239 billion, underscoring how a consistent investment schedule could be crucial in catapulting one to unprecedented wealth status.
SHIB Market Standings – Does It Still Pose A Good Investment Option?
While Shiba Inu might have faced challenges in gaining momentum, the coin has shown its ability in the past, particularly in the 2021 market rally and recently this year when it deleted a zero, skyrocketing to about $0.00004 before retracing around the $0.00002 price region.
At press time, Shiba Inu’s price statistics on CoinMarketCap revealed that the canine-themed cryptocurrency is changing hands at about $0.000018, reflecting a 0.46% decline in the past 24 hours.
⚠️Disclaimer
This content aims to enrich readers with information. Always conduct independent research and use discretionary funds before investing. All buying, selling, and crypto asset investment activities are the responsibility of the reader.
