Shiba Inu: US$1000 Becomes US$15 Million In Three Years

In just three years since its appearance, Shiba Inu (SHIB) has stolen the attention of the crypto world with its rapid rise, reaching its highest peak (ATH) in 2021. Then when the market turned bearish, SHIB experienced a significant decline.

However, like many other mid-cap assets, SHIB has weathered the storm. Currently, this asset with a market capitalization of US$ 4.3 billion is trading at US$ 0.00000741.

Shiba Inu reached its highest price of US$ 0.00008616 on October 28 2021, marking a decline of 91 percent since then. Reporting from watcher.guru, investors who bought SHIB at its current peak are most likely currently in the Mariana trough.

At launch, SHIB was at the level of US$ 0.000000000510, then added another zero at the end of 2020. An investment of US$ 1,000 during this initial period shrank to US$ 550.98 and then fell freely to US$ 1.96.

Then, a market surge occurred in 2021, where bulls pushed the investment figure to US$ 19,606 and then US$ 98,000 in Q1. In May, the value jumped to $17.25 million. In early October, when SHIB headed towards its ATH, its investment was worth more than US$ 55 million.

By October 2022, more precisely a year later, the value had dropped to US$ 19 million and by early April 2023, the value was US$ 22.2 million.

$SHIB