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Here is how a $100 weekly investment in Shiba Inu since August 2020 could have grown to $641 million by 2024, showcasing a 3,241,253% growth rate.
Since its debut in August 2020, Shiba Inu has shown remarkable progress as a cryptocurrency investment, capturing the attention of both novice and experienced investors.
Its journey from obscurity to fame in just over a year is a testament to the unpredictable nature of the crypto space. Consequently, many investors who recognized the potential of Shiba Inu early on have witnessed significant returns on their investments, exhibiting the benefits of regular, consistent investing.
$100 Weekly Ante Turns Into $641.78 Million
According to data from CryptoDCA, consistently investing $100 weekly from August 2020 to the current month would have resulted in a total investment of $19,800. However, the remarkable aspect lies in the investment’s growth. During this period, the portfolio’s value would have skyrocketed to $641.78 million, reflecting an impressive growth rate of approximately 3,241,253%.
Conversely, if an investor had opted to invest $100 weekly from Shiba Inu’s launch until its all-time high (ATH) in October 2021, the total investment would have been $6,500. The returns on this investment would be even more spectacular. At its peak, the portfolio’s value would have soared to an astonishing $1.239 billion, representing a phenomenal growth rate of 19,064,676%.
Shiba Inu Price Action and Projections
As of press time, Shiba Inu is experiencing a notable rebound, with its price increasing by 8.43% in the last 24 hours to regain the critical $0.00025 price level. The cryptocurrency is now trading at $0.00002577, having risen above the 50-day exponential moving average (EMA).
It is essential for this price level to become firm support to maintain these gains. Despite a minor setback of 7.36% over the previous week, the monthly increase stands at 3.85%. Additionally, the 24-hour trading volume has risen by 38.05%, reaching $891,844,698.
Despite a recent downturn, several analysts predict a significant rebound for Shiba Inu in the coming weeks. A recent analysis from The Crypto Basic highlights insights from William, a renowned Bitcoin expert who forecasts a notable surge in Shiba Inu’s value. According to William, SHIB’s target price is projected to reach $0.05, representing an extraordinary increase of 193,774%.