Shiba Inu (CRYPTO: SHIB), a cryptocurrency created as a playful rival to Dogecoin (CRYPTO: DOGE), entered the cryptocurrency market three years ago and experienced several remarkable rallies.
SHIB Reaches All-Time High
In 2021, it peaked before encountering a significant downturn during bearish market conditions. Some important events, including a tweet from Tesla founder Elon Musk expressing interest in owning a Shiba pup and a substantial donation of Shiba Inu coins by Ethereum (CRYPTO: ETH) co-founder Vitalik Buterin to an Indian Covid Crypto Relief Fund, brought Shiba Inu back into the spotlight.
At the time of writing, SHIB was trading at $0.000007238.
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Key Moments
April 2021 – Your $40 investment would have grown to $116,201, with a growth rate of 290,402.50%.
May 2021 – Your $50 investment would have surged to $622,175.36, reflecting a growth rate of 1.2 million%.
October 2021 – By this time, your total investment would have reached $100, with your portfolio value skyrocketing to $5,329,567.69.
January 2022 – By then, your investment would have grown to $130. The portfolio value would reach $1,672,878.30, reflecting a growth rate of 1,286,829.46%.
December 2022 – Continuing the investment journey, your investment would have reached $240. The portfolio value would be $619,617.60.
May 2023 – By this point, your investment would have grown to $290, resulting in a portfolio value of $684,179.81. The gains would be $683,889.81 or a growth rate of 235,924.07%.
September 2023 (Endpoint) – Since then, SHIB prices plunged, and your $330 total investment would have transformed into a value of $566,250.70, signifying a growth rate of 171,591.12%.
Photo by Dennis Diatel on Shutterstock
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