Shiba Inu (SHIB) is one of the relatively new coins that has created millionaires and even billionaires. Many believe that the asset has lost its appeal and cannot change the lives of investors. But the latest price growth of the meme coin says otherwise. But a tricky investment in the past could have completely transformed an investor’s financial situation.
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Looking at the current Shiba Inu price chart
The second largest meme coin, Shiba Inu, entered the market in 2020. The asset has increased by over 1827166.97% since this time. Despite this growth, the asset continues to trade 72% below its all-time high of $0.00008845. At press time, SHIB was trading at $0.00002438 after rising 1.21% over the past 24 hours.
It should be note that 61% of SHIB holders are making money at the current price, which could encourage further accumulation. However, since 31% of addresses are still underwater, selling pressure could still be present if prices increase quickly.
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$25 to $1.3 million
Now, if we look at the growth of the asset over the years, a delicate investment of $25 could have turned into over a million. Changelly data revealed that paying as little as $25 in August 2020 would have become a staggering $1,394,851.49 today. This represents a growth of 5579305.95% since 2020.
Many investors and the community at large have rejected the idea that Shiba Inu creates millionaires. But the asset has immense growth potential in the future. Several prediction platforms suggest that SHIB could reach the long-awaited 1 cent mark between 2035 and 2040. Investors could prepare for this spike by investing a small amount like $25 in order to reap life-changing gains over time. future.
But it’s important to note that Shiba Inu, like the rest of the market, can exhibit immense volatility. Therefore, it is pertinent to carry out thorough research before investing funds in any cryptocurrency.
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