The cryptocurrency market started the month of October on a rather volatile note. Bitcoin (BTC) led the September rally, surged to a high of over $66,000, and Shiba Inu (SHIB) and Dogecoin (DOGE) also made headlines. SHIB, for instance, surged by 27% over the past week, while DOGE saw a 10% uptick.
Also Read: Shiba Inu: What A $100 Investment During Its Launch Net You Today?
Performance Of Bitcoin, Dogecoin, And Shiba Inu Over The Past Year
Image Source: Watcher Guru
Bitcoin’s Performance
In line with the past month, most of these assets also had a great year. Dogecoin witnessed a 90% surge over the past 12 months. Bitcoin hit an all-time high of $73,750.07 earlier this year and saw a 135% increase during this period.
Shiba Inu’s Performance
On the other hand, Shiba Inu was the best-performing asset of the lot. SHIB recorded a nearly 150% rise over the past year. So how much would a $1000 investment, precisely a year ago, fetch investors?
Also Read: Ripple To Break Consolidation? When Will XRP Claim Its $0.74 Level?
Looking Back At Bitcoin, Dogecoin and Shiba Inu
About a year ago, Bitcoin was trading at a low of $26,000. Following its yearly surge, a $1000 investment in the asset would have turned into $2,480. The OG meme cryptocurrency, Dogecoin, was priced at $0.0605 during this time last year. So a year later, $1000 would have surged to $2,033.
In addition, SHIB’s pricing exactly a year ago was $0.000007256. As a result, a $1,000 investment in the meme coin at that time would have yielded 137,816,979 SHIB. At the asset’s current value, this bag of tokens would have increased to $2621.
Also Read: Powell’s Rate Cut Hints: Crypto Market Set for a Boost?
Buying the dip and holding onto cryptocurrencies with patience has always paid off. The above data is a prime example.
