Every dollar invested in Shiba Inu a year ago is worth more than $3,000 today.

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2 years ago

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Turn every dollar in your account into more than 3 thousand in just one year? It would have been possible had you invested in Shiba Inu (SHIB) 365 days ago. In that span, the cryptocurrency's performance has been astonishing, up 314,641%.

SHIB's rise has left the rest of the major cryptocurrencies far behind in percentage terms. The meme cryptocurrency, Dogecoin's (DOGE) main competitor in this area, has been unrivaled among the top 100, as CoinParticle's data shows.

Such is the percentage increase in SHIBs that, in the last year, even increases of more than 1,000% seem small. Such have been the cases of Solana (SOL), Polygon (MATIC) or The Sandbox (SAND). The latter is approaching a 3,000% increase. Multiply that number by 100 and you get something close to the percentage that the meme cryptocurrency of the moment has risen.

Such is the difference between Shiba Inu and the rest, that even a visual representation with the comparison looks disproportionate to the eye. This is how CoinParticle presents them, where SHIB looks imposing capturing almost the entire screen. Around it, the rest: small particles representing the other cryptocurrencies.

Among those coins that look small next to SHIB, there are some with more than 1,000% increase. Source: CoinParticle.

One of the most surprising things about the rise of Shiba Inu is that, given its memecoin nature, it was not exactly a project received with much enthusiasm among cryptocurrency enthusiasts. Despite this, Elon Musk's endorsement of the coin seems to have favored it in the market.

Now, a little less than a year after its emergence, we see how a small investment at the time would mean big gains today. Just as $1 would be worth about $3,100 today, a $100 purchase in SHIB a few months ago would be worth $314,000 today.

300,000% up, even far from its peak

Yes, SHIB is up over 300,000% in a one-year range. However, today it is quite far from its peak, set at the end of last October at $0.0000819 per unit.

Currently, the market value of the currency is more than 60% below that figure. On the one hand, this reflects very high volatility in a very short time. But on the other hand, it gives the prospect of even greater gains for those who bought early and sold at that top.

In their case, we are talking about an increase of 827,000%. Or what amounts to the same thing: $8,270 for every dollar invested. With $100 of SHIB bought, they would have managed to obtain more than $800,000 by selling at the peak of last October 28.

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I've been holding for 8-9 month. Now it's decreased to my original.e. g 100 dollars to 50 dollars

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2 years ago

You came in late colleague. At least it was only $100. You should keep your shiba.

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2 years ago

When I first heard about this crypto token I knew this gonna be a profitable token and now it's prove it's worth

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2 years ago

That's right mate, I hope you made some good money.

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2 years ago