Wednesday, June 19, 2024
HomeCryptocurrencyIf You Invested $20,000 in Shiba Inu (SHIB) in 2020, Here's How...

If You Invested $20,000 in Shiba Inu (SHIB) in 2020, Here’s How Much You Would Have Today

Over the years, Shiba Inu (SHIB) has evolved to become a household name in the crypto sphere. Launched in August 2020 and skyrocketed to attain its all-time high (ATH) in 2021, it is relatively safe to say that the token’s growth has been exponential. 

According to CoinMarketCap, Shiba Inu (SHIB) started as a puppet, entering the crypto market with a selling price of about $0.000000000056. The asset rise was tremendous, as it went on to achieve a $0.000000000056 price level in May 2021 before attaining an ATH of $0.00008616 in October 2021.

Read Also: Shiba Inu Sees Over 3,200% On-Chain Rise as SHIB Surges Closer to Erasing Zero

Despite the spontaneous rise during its early days, Shiba Inu has since struggled to replicate similar price actions that saw it trade at significantly higher levels when compared to its current market value. 

At the time of writing, SHIB is changing hands at $0.00000911, indicating an 89.43% decline from its ATH. 

However, in comparison to SHIB’s price during its early days, the token’s current price implies a surge of approximately 16.3 million percent.

The estimation above implies that investors who accumulated SHIB during its early days boast tremendous returns on investment (ROI). 

In this article, we shall estimate the potential gains from a $20,000 SHIB investment at the token’s market entry price of $0.000000000056.

2020 Shiba Inu Investment: ROI From A $20,000 SHIB Investment 

With a $20,000 investment capital at $0.000000000056 Shiba Inu price, one could have accumulated over 357 trillion SHIB tokens. Holding this massive SHIB until today would have seen the $20,000 investment fund become relatively $3 billion based on current prices.

Meanwhile, SHIB seems edging closer to deleting a zero following following the impact of recent whales’ activities.

Read Also: Shiba Inu (SHIB) Holders Targeted By New Sophisticated Scam. Here’s What You Must Know

According to one of our recent reports, Shiba Inu witnessed substantial on-chain expansion within the last few days. Notedly, the expansion was catalyzed by whale activities coupled with the optimistic crypto market outlook. 

<

Intriguingly, there was a 3,257% increment in Shiba Inu (SHIB) large transactions, bringing the token closer to deleting a zero to retest prices above $0.00001.

Meanwhile, SHIB still boasts a massive supply of over 589 trillion tokens, which must be drastically reduced for SHIB to see higher price levels.


Follow us on Twitter, Facebook, Telegram, and Google News

Chinedu Agbakwusi
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.
RELATED ARTICLES

Latest News & Articles