What A $100 Investment During Its Launch Net You

The cryptocurrency industry has been home to thousands of assets from different categories. Dogecoin (DOGE), the OG meme cryptocurrency, was the only reigning over the meme coin market. But the debut of Shiba Inu (SHIB) was a game changer. SHIB grew in popularity and soon started changing the financial status of many.

Also Read: Solana (SOL) Predicted To Grow 5x To $776: Here’s When

Shiba Inu’s Performance And Potential Profits

Shiba Inu had a reasonably good end to September. The asset recorded a 30% increase over the past seven days. Following a slight setback at press time, the meme coin was trading at $0.00001842 with a 2.23% daily drop.

The meme coin is 79% below its all-time high of $0.00008845. Despite its recent dip, Shiba Inu has surged by more than 22323419.05% since its origin in 2020.

Also Read: Powell’s Rate Cut Hints: Crypto Market Set for a Boost?

How Much Profit Would An Early Entry Into Shiba Inu Bring?

Shiba Inu was first launched in August 2020. The asset kicked off its journey on a rather humble note, trading at a low of $0.00000000051. A mere $100 investment would have given an investor a staggering 196,078,431,373 SHIB.

With Shiba Inu’s current pricing, a $100 investment would be worth an astounding $3,974,509.80. Considering SHIB’s all-time high, this $100 would have brought about increased gains for its investors.

SHIB has reached an all-time high of $0.00008845 in October 2021. During this point, the same $100 investment would have grown to an astounding sum of $17,343,137.25.

Investor Sentiment And Future Outlook

Several early investors have managed to make immense profits through SHIB. Although this kind of growth seems impossible at the moment, investors remain optimistic about the potential of the meme coin.

Also Read: Dogecoin: Why DOGE May Rally 1,200% To $1.6