This analysis explores how $ 1,000 invested in Shiba Inu at $ 0.00001520 could grow if the token reproduces its thrust by 884,400%.
In the past 24 hours, Shiba Inu has plunged $ 0.000014 after a first attempt to enter the region of $ 0,000016. The drop has aggravated the monthly performance of Shiba Inu, with a loss of 26%. Meanwhile, Shib is gradually recovering, trading at $ 0.00001520 at the time of the press.
Although the recent performance of Shiba Inu has been not impressive, many still hope for its historical performance. This optimism stems from the fact that Shiba Inu was one of the most efficient tokens of the last cycle. He lived a spread of 150 million percent gain from its low point.
In light of this, the Crypto Basic explores the potential value of $ 1,000 invested in Shiba Inu today, assuming that the asset successfully reproduces its past performances.
Historical performance of Shiba Inu
In particular, Shiba Inu was launched three months after the reduction of half of Bitcoin in 2020 with a modest price of $ 0.0000,0001 and a minimum negotiation activity during the overvoltage of the end of 2020 of Bitcoin. However, on January 31, 2021, he drew attention, recording $ 5.7 million in commercial volume. From that moment, its trading volumes have constantly reached thresholds at a million dollars.
While Bitcoin culminated at $ 64,000 in April 2021, Shiba Inu reached $ 0.00,000,417. In October 2021, he reached $ 0.00008,845, mark an incredible 884,400% Increase since the start of the year. Meanwhile, Bitcoin set a new summit of $ 68,789 in November.
In the current cycle, Bitcoin Initially reached a peak of $ 73,750 in March 2024, and Shiba Inu joined a summit of $ 0,000045.
However, as Bitcoin reached the level of $ 100,000, reaching peaks close to $ 110,000, the performance of Shiba Inu have not reflected that of Bitcoin. In fact, Shiba Inu has not yet returned to the $ 0,0000,45 he reached in March 2024.
For $ 1,000 in shib today if he repeats history
However, if Shiba Inu reproduces its 2020/2021 history and increases by 884,400% compared to its current price of 0.00001520, its unit price would increase to $ 0.13444.
In particular, $ 1,000 would buy approximately 65.78 million shib tokens. If Shiba Inu repeats the historic overvoltage of 884,400%, this portfolio could extend to $ 8.84 million.
However, the chances of Shiba Inu gathering 884,400% as shown in cycle 2021 are thin. This is mainly due to the current market capitalization of several billion dollars of Shiba Inu, against only a few thousand in the past.
This high ceiling limits its growth, because reaching $ 0.134 would push its market capitalization to 80 billions of dollars – a short -term unrealistic expectation. Analysts suggest He could take until 2050 for Shiba Inu to reach a price of $ 0.134.
Difles: This content is informative and should not be considered financial advice. The opinions expressed in this article may include the author’s personal opinions and do not reflect the basic opinion of cryptography. Readers are encouraged to do in -depth research before making investment decisions. The Crypto Basic is not responsible for financial losses.