How $1000 In SHIB Exploded to $9 Million by January 2024

Shiba Inu (SHIB) might be struggling to reclaim previous heights that saw it attain a $0.00008616 price all-time high (ATH) in October 2021.

However, it remains renowned for making many early investors millionaires. SHIB is currently valued at about $0.0000091. Although SHIB has vastly dipped from its ATH, some early investors still hold their profits in millions of dollars.

These investors still boast remarkable profits depending on how much they invested during SHIB’s early days.

$1,000 Shiba Inu (SHIB) Investment Turns $9 Million

In a recent revelation, Changelly, a popular crypto exchange, disclosed the current value of a theoretical $1,000 investment made in August 2020.

According to the estimated calculations on the exchange, selling the SHIB tokens procured, as stated above, on January 18, 2024, will amount to profits of about $9,076,995, a 907,599% value appreciation.

While the revelation by Changelly may seem more like a hypothetical estimation, it is pertinent to note that stories like the one painted above have happened in the past and could still happen again.

In a nutshell, Changelly’s revelation has unveiled how SHIB is still rewarding early investors considerably after almost four years of procuring the meme token.

Investors Could Take In More Profits In 2024

Like every crypto prospect, Shiba Inu (SHIB) has been projected to attain remarkable prices in 2024. This implies that early SHIB investors might make considerable profits if some of these prices eventually play out.

According to one of our previous reports, Google Bard and OpenAI’s ChatGPT projected what to expect from Shiba Inu (SHIB) in terms of price by the end of 2024.

ChatGPT noted that SHIB could reach price levels around the $0.00002 region. On the other hand, Bard projected the token to attain market values between $0.000015 and $0.000025.

Intriguingly, the artificial intelligence models projected similar prices. Could it be a mere coincidence? Or are the projected prices bound to play out? It is left to see how events unfold.

Meanwhile, in another news, Changelly stated when it expects Shiba Inu (SHIB) to hit $0.01. The exchange noted that $0.01 will likely not play out anytime soon but could happen in the long run.

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Chinedu Agbakwusi

Chinedu Agbakwusi is a medical student at the prestigious Nnamdi Azikiwe University with sound knowledge of the crypto space. I am here to be a reliable plug for well-researched crypto content ranging from crypto news to market analyses and blockchain inventions.