The Shiba Inu ($SHIB) memecoin reached all-time highs of $0.000075 in October 2021. What would a $100 investment look like if the token climbed 33% higher, and how likely is that to happen?

Investing in memecoins is perhaps the most risky form of cryptocurrency investment that can be undertaken. These tokens have little-to-no fundamental value and are reliant almost entirely on speculation and hype to drive their growth. That said, on occasion, these tokens can produce outsized returns in shockingly small periods of time.

Shiba Inu ($SHIB) was amongst a small handful of memecoins to reach unprecedented heights during the 2021 bull market - another example of which is the well-known Dogecoin ($DOGE) as often mentioned by Elon Musk.

In October 2021, SHIB reached a market capitalization of more than $41 billion which, in today’s market, would make it the fourth largest cryptocurrency. At that point, the price of a single SHIB token stood at approximately $0.000075, according to data from CoinMarketCap.