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A Shiba Inu (SHIB) investor would currently be sitting on $11.6 million worth of investment if he committed $100 into Shiba Inu every month since January 2021.
Shiba Inu has a history of massive surges that have transformed investors to millionaires. However, the extent of these rallies is often lost with some proponents. This article evaluates how much investors could have made by committing $100 monthly to SHIB from January 2021.
SHIB began January 2021 with a price of $0.000000000077295, per data from market tracker CoinGecko. This low price presented ample opportunity for market participants to procure more tokens, as a mere $100 investment would secure over 1.293 trillion SHIB.
$100 Into Shiba Inu Monthly From January 2021
However, if an investor sought to continue pumping $100 into the token every month in a dollar-cost averaging approach, the ROI of such an investment becomes more complicated. As a result, we employed an online DCA tool to evaluate the journey.
Data confirms that if an investor committed $100 to Shiba Inu every month from January 2021, they would have invested $3,800 as of this month, having continued the purchases for 38 months.
Interestingly, the investor would have procured a total of 1,307,261,321,793 (1.307 trillion) Shiba Inu tokens with this $3,800 capital. This result considers the varying prices of Shiba Inu from January 2021 to February 2024 amid the massive volatility the crypto asset has witnessed over the years.
With Shiba Inu now trading at the $0.000009 price territory, the 1.307 trillion tokens are currently worth $11.69 million. Essentially, if an investor had committed $100 to Shiba Inu every month since January 2021, he would have transformed $3,800 to $11.69 million.
Further data suggests that the investment would have hit its peak worth of $87.6 million in November 2021 amid Shiba Inu’s all-time high value that year. However, the profit continued to decrease as SHIB collapsed from its ATH and now struggles to reclaim $0.00001.
A More Substantial $439M Profit
Despite these struggles, an $11.6 million profit from $3,800 is much more than any asset can promise in three years, including Bitcoin (BTC).
Notably, the profit would have been much more substantial if the investor just proceed $3,800 worth of SHIB in January 2021 instead of DCAing.
In January 2021, $3,800 would have procured 49.162 trillion SHIB against the $0.000000000077295 price at the time. These 49.162 trillion tokens are currently worth over $439.4 million, an amount substantial enough to make anyone retire anywhere in the world.
Assessments such as this have sustained the hope among proponents that Shiba Inu could deliver similar gains in the future, leading to lofty price targets.
However, there is no guarantee that SHIB could replicate its past success. As a result, investors should seek proper financial advice before making any investments today.