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Early Shiba Inu investors would be sitting on millions of dollars if they invested modest amounts in SHIB at its initial price and held through the past four years.
Shiba Inu is one of the most successful cryptocurrencies in this decade. The meme coin recorded massive rallies during the previous bull run, outperforming the rest of the market, and has continued to retain its relevance by maintaining a spot among the top 15 crypto assets.
Shiba Inu Historical Success
Due to its meme coin origins, industry leaders like Ethereum co-founder Vitalik Buterin expected an imminent collapse three years ago. However, SHIB has grown to surpass these expectations, performing better than most believed.
While Shiba Inu spiked to a new all-time high of $0.00008845 in October 2021, it has since dropped from this peak. Now trading for $0.00001691, SHIB is down 80% from its all-time high. However, this is largely due to the condition in the broader market rather than Shiba Inu’s unique struggles.
Nonetheless, during downturns like this, most investors regret their choice to hold their bags through an asset’s all-time high. For instance, a Shiba Inu investment worth $1 million at the $0.00008845 peak would have dropped to $191,181 at the current price, down by over $800K.
Despite this, data confirms that modest investments in Shiba Inu at its early stage still boast substantial returns today. According to CoinMarketCap, at the current $0.00001691 price, Shiba Inu is up 1,266,695.29% from its initial price. This translates to an initial price of $0.000000001334.
Returns on $10, $100 or $1,000 Invested in Shiba Inu at Initial Price
We recently assessed how much an investor would hold currently if he invested varying amounts, such as $10, $100 and $1,000, in Shiba Inu at the initial trading price of $0.000000001334.
Specifically, if an investor purchased $10 worth of SHIB at $0.000000001334 per token in August 2020, this individual would have 7.496 billion tokens. At the current price of $0.00001691, this initial $10 investment would still be worth $126,761, representing returns of over $126K.
Further, a $100 investment in Shiba Inu during its early stages would have claimed 74.96 billion SHIB tokens. Remarkably, the 74.96 billion tokens currently have a worth of $1.267 million at the prevalent price. This translates to returns of over $1.26 million from a meager $100 investment.
Meanwhile, if an investor had thrown $1,000 into Shiba Inu at its initial price, he would have 749.6 billion tokens. Notably, such an investment would be valued at $12.67 million at the current price of $0.00001691.
This assessment confirms the assertion that Shiba Inu is one of the most successful crypto assets in recent times. The token has outperformed nearly every asset in the top 100 list since 2020. This success has triggered optimism of a similar run in the future. However, this is not a guarantee.