Current Status for Those Investing in Shiba Inu đš$SHIB
Shiba Inu ($SHIB) is a meme coin inspired by Dogecoin that was launched in August 2020. Hereâs what you need to know:
Events: Shiba Inu launched on the Ethereum ($ETH) network and created a decentralized exchange called ShibaSwap. Itâs currently traded on major platforms like Coinbase, Kraken, and Robinhood.
Numbers:
Starting Price (August 2020): $0.00000000051 per token
$100 Investment: You could have bought 196,078,431,373 SHIB.
Todayâs Value: At the current price of $0.0002027, your investment is worth $3,974,509.80.
All-Time High: Reached $0.00008845 in October 2021. At that point, your $100 investment was worth $17,343,137.25!
Future: Developer Shytoshi Kusama says they are working on new projects, including a stablecoin called SHI. SHIBâs increasing burn rate has supported recent gains, with the coin up 12% in the past day and 44% in a week.
Key Point: This is a striking example of how small investments in cryptocurrencies can yield big returns. While not every coin performs this way, Shiba Inu shows that early investments can yield huge rewards.
SHIB Price Action:
52-Week Range: $0.000006688 to $0.00004534. With Shiba Inu making a name for itself with its innovative moves, the future looks promising for this meme coin.
