$1 Monthly Since 2020 Is Worth $1.3 Million This August

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Shiba Inu (SHIB) has experienced a significant price correction over the last few days. Despite the losses, early investors are still sitting on a large profit.

Since its debut in August 2020, SHIB’s price has risen by several million percent.

The Power of Early Investment in Shiba Inu

Investing $1 Monthly Since August 2020

Source: CryptoDCA

If you had invested $1 monthly in SHIB since its launch in August 2020 till today, you would have put in $46 so far. In the four years, your portfolio’s value would have risen to $1.3 million, a rise of 2,988,599.17% (2.98 million percent).

Also Read: Shiba Inu: These People Made Millions And Billions With SHIB

Investing $1 Monthly Until October 2021

Source: CryptoDCA

On the other hand, if you had invested $1 monthly from August 2020 till Shiba Inu (SHIB) hit its all-time high of $0.00008616 in October 2021, you would have put in $15.

In this scenario, your portfolio’s value would have skyrocketed to $2.7 million, a rise of 18,655,517% (18.6 million percent).

Both examples show the benefits of getting into a project early and investing for the long term.

Will Shiba Inu recover this month?

Shiba InuShiba Inu
Source – Token Metrics

Recent Performance

Shib Shiba Inu last 24 hours price chartShib Shiba Inu last 24 hours price chart

SHIB has reversed 14.6% in the last 24 hours. Despite the recent rally, the asset continues to trade in the red zone in the other time frames. SHIB is currently down nearly 20% in the weekly charts, 21.7% in the 14-day charts, and 17.8% over the previous month.

Also Read: Shiba Inu (SHIB) Outperforms Top 30 Coins With 14% Gains in 24h

Future Predictions

Shiba Inu future price prediction SHIBShiba Inu future price prediction SHIB

According to the researchers at CoinCodex, Shiba Inu (SHIB) may rally over the next few days. The platform predicts the dog-themed cryptocurrency to hit $0.00003117 on Aug. 11, 2024.

Reaching $0.00003117 from current price levels would lead to a rally of over 131%. CoinCodex analysts do not expect SHIB’s price to hot above $0.00003, predicting a correction to current levels by late August.

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