Shiba Inu (SHIB) has proven to be a life-changing investment for early adopters, turning many into millionaires. Does SHIB still have the ability to give rise to a new set of millionaires?
Revisiting the story of a former warehouse worker, who decided to retire at the age of 35 after a risky £6,000 ($7,618.89) investment in SHIB. Little did he know that this would yield unimaginable returns, as SHIB rallied by an astounding 700,000% in less than a year back in 2021. The initial investment catapulted to a staggering $53,333,618.
Read Also: How Much To Invest Now to Attain Millionaire Status at $0.00001 Shiba Inu (SHIB) Price
The retiree credits his journey into Shiba Inu to stumbling upon the project’s whitepaper, amusingly named the “woofpaper.”
Written by Shiba Inu’s creator, Ryoshi, in August 2020, the document sheds light on how the cryptocurrency utilizes the Ethereum network, serving as both a currency and a decentralized platform for innovative technologies such as smart contracts.
“When I read that, I was instantly captivated. I simply believed in the words,” shared the former warehouse worker. Reflecting on his newfound wealth, he added, “I come from a modest background, where the thought of having this much money was purely a fantasy.”
The Question for today: As SHIB faced a downtrend for much of this year, Can one still become a millionaire with Shiba Inu?
Despite the recent performance, the project has a series of initiatives set to launch this year that could potentially propel its price once again. First on the list is the highly anticipated Shibarium layer-2 launch, rumored to go live sometime this month.
Read Also: CEO Expresses Optimism about Shiba Inu (SHIB) Using Shibarium to Reach $0.01
Additionally, SHIB’s metaverse initiative is speculated to make its debut within the same timeframe. The team behind SHIB has also unveiled plans for a blockchain-based digital identity system, generating considerable interest.
Currently, Shiba Inu (SHIB) is trading near levels seen before its remarkable 2021 bull run. Even if the token reaches its previous all-time high, significant profits can still be made. At the time of writing, SHIB is trading at $0.00000864, marking a 5% increase in the last 24 hours.
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