Shiba Inu ($SHIB), one of the top meme coins, launched in August 2020 and quickly became one of the 15 largest cryptocurrencies. Letâs dive into the numbers đ
đ What Happened:
Shiba Inu launched as a Dogecoin-inspired token on the Ethereum network and later introduced ShibaSwap, a decentralized exchange featuring tokens like BONE and LEASH. Now, itâs traded on major platforms like Coinbase, Kraken, and Robinhood.
đ The Numbers:
Launch Price (Aug. 2020): $0.00000000051 per token
If you had invested $100 at launch, you wouldâve bought 196,078,431,373 SHIB.
Todayâs Value: At the current price of $0.0002027, that $100 would now be worth $3,974,509.80!
All-Time High: In October 2021, SHIB hit $0.00008845, which would have made your $100 investment soar to an insane $17,343,137.25!
đ Whatâs Next:
Shiba Inuâs lead developer, Shytoshi Kusama, is teasing new projects, including a stablecoin called SHI. With SHIBâs rising burn rate fueling gains, the token surged 12% in a day and 44% in a week recently.
đ Key Takeaway:
Shiba Inu proves how small investments in cryptocurrency can lead to life-changing returns. While not every coin delivers, SHIB shows that early meme coin investments can be wildly profitable.
đ SHIB Price Action:
52-week range: $0.000006688 to $0.00004534
As Shiba Inu continues to innovate, anticipation is building for this meme coinâs next big move. đ
