What do you think of LUCE? Vatican mascot meme

If a person had invested $100 in the launch of Shiba Inu (SHIB) in August 2020, when its price was approximately $0.00000000051, and sold it at the all-time high price of $0.00008845 in October 2021, the profit would be absolutely extraordinary.

Profit Calculation

Tokens Bought in 2020:
Amount of SHIB=$100$0.00000000051=196,078,431,372 tokens\text{Amount of SHIB} = \frac{\$100}{\$0.00000000051} = 196,078,431,372 \text{tokens}

Value in 2021 (ATH - All-Time High):
Total Value=196,078,431,372×$0.00008845=$17,317,073\text{Total Value} = 196,078,431,372 \times \$0.00008845 = \$17,317,073

Total Profit:
The investor would have turned $100 into $17.3 million, a percentage profit of 17,317,073%.

The Possibility of This Happening Again
While scenarios like Shiba Inu’s are rare, there are a few conditions that could allow new coins to reach similar heights:

Strong Narrative and Hype:
SHIB was driven by the hype of “meme coins” following the success of Dogecoin. Compelling narratives and community support can drive new coins to similarly high values.

Low Market Cap:

Cryptocurrencies with extremely low prices and a large number of tokens in the market (similar to SHIB’s model) are more likely to generate exponential returns.

Token Burning:

An aggressive burning strategy (like the one adopted by SHIB) reduces the supply and increases the value of each remaining token, encouraging appreciation.

Adoption and Real-World Use Cases:

The launch of projects like ShibaSwap and NFTs have helped solidify the SHIB ecosystem, creating more interest in the token.

Risks and Reality

While stories like SHIB’s inspire new investors, it’s important to recognize that these events are highly speculative and rare. Many projects fail to achieve sufficient adoption or face market saturation. Investing in similar coins should be done with caution.

In short, opportunities like SHIB’s can arise, but they require a combination of timing, patience, and luck.$SHIB