Shiba Inu (SHIB) is one of the fairly new meme coins that created millionaires and even billionaires. Several believe that the asset has lost its mojo and cannot change the lives of investors. But the meme coin’s latest price growth says otherwise. But a dainty investment in the past could have completely transformed an investor’s financial status.
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Looking at Shiba Inu’s Current Price Chart
The second largest meme coin, Shiba Inu entered the market back in 2020. The asset has grown by over 1827166.97% since this period. 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 following a 1.21% spike over the past 24 hours.
It should be noted that 61% of SHIB holders are making money at the current price, which could encourage further accumulation. Nevertheless, since 31% of addresses are still underwater, selling pressure might still be present if prices rise quickly.
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$25 to $1.3 Million
Now, looking back at the asset’s growth over the years, a dainty $25 investment could have turned into over a million. Data from Changelly revealed that pouring as little as $25 back in August 2020 would have become a staggering $1,394,851.49, today. This marks a 5579305.95% growth since 2020.
Many investors and the community as a whole have been dismissing the idea of Shiba Inu creating millionaires. But the asset has immense potential to grow in the future. Several prediction platforms have been suggesting that SHIB could achieve its much-awaited 1-cent milestone between 2035 to 2040. Investors could prepare for this spike by investing a small amount like $25 in order to rake in life-changing gains in the future.
But it is important to note that Shiba Inu, similar to the rest of the market can exhibit immense volatility. Therefore, carrying out thorough research before pouring funds into any cryptocurrency is pertinent.
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