Coin Shiba Inu SHIB/USD is one of the highest gaining cryptocurrencies among the largest cryptos with a gain of 9.3% in the last 24 hours. The coin continues to see strong interest thanks to an increasing burn rate and optimism heading into it. that of Donald Trump inauguration.
Here’s a look at how much money people who made early in Shiba Inu history would have made today.
What happened: Shiba Inu was launched as a similarly themed cryptocurrency for Dogecoin DOGE/USD in August 2020. Today, the cryptocurrency is one of the 15 largest coins by market capitalization and has appeared in the top 10 from time to time.
Shiba Inu operates the Ethereum ETH/USD network and created a decentralized exchange called ShibaSwap, which includes tokens like BONE and LEASH.
Investors who became familiar with Shiba Inu early on would have benefited greatly.
The cryptocurrency was launched in August 2020 and its first date shown for price history is August 1, 2020, when it traded at $0.00000000051 per token.
An investment of $100 back then could have purchased 196,078,431,373 Shiba Inu.
This investment would be worth an astonishing $4,780,392.16 today, based on the current price of $0.0002438 at the time of writing.
Shiba Inu reached a record level from $0.00008845 in October 2021. At its peak, the $100 investment would have been worth $17,343,137.25.
Once only available on decentralized exchanges like Uniswap, Shiba Inu has been added to several major cryptocurrency platforms like Coinbase, Kraken And Robin Hood in 2021 and 2022.
Not all cryptocurrencies appreciate as much in value, and most have low trading volumes when first offered, making this type of investment outcome unlikely for the majority.
This is another example of why investing a small amount in cryptocurrency could generate a significant return over time.
What’s next: Optimism grows again for Shiba Inu, and even parts are rising, which could benefit one of the biggest coins in the industry.
SHIB recovered at the end of 2024 while Shytoshi Kusamathe pseudonymous lead of the piece, shared a meme about X that pointed to the optimism to come.
Shiba Inu’s marketing manager also announced the launch of a stablecoin called Shiba Inu’s SHI. The launch of a stablecoin and the increasing burn rate of SHIB could indicate increased attention to the same coin in the months to come.
The new White House administration is also helping SHIB and other meme coins. Trump’s victory in the 2024 election came at a price many higher cryptocurrenciessome reaching new all-time highs.
The Shiba Inu has yet to reach a new all-time high, with its highest level occurring in October 2021.
A November 2024 Benzinga Reader Poll showed optimism that Shiba Inu will trade higher in 2025.
“Do you think Shiba Inu can reach a penny by the end of 2025,” Benzinga asked.
The results were as follows:
The Benzinga poll was almost evenly split, with 47% of readers saying they thought the Shiba Inu could reach a dime by the end of 2025.
Given the coin’s low price, a move to a penny would significantly increase the coin’s valuation and is not likely without an increase in supply.
SHIB Price Action: Over the past 52 weeks, Shiba Inu has traded between $0.00000846 and $0.00004534.
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This article was previously published by Benzinga and has been updated.
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