Shiba Inu SHIB/USD is once again catching the eye of cryptocurrency investors. The Ethereum ETH/USD-based meme coin has soared 20.5% to 0.00001259 over a period of 24 hours at the time of writing.
Over the week, SHIB’s gains have been even more impressive as the coin has shot up 40.4%. Even so, there was a time when Shiba Inu was trading for much higher riding on the euphoria surrounding non fungible tokens or NFTs.
See Also: Is Shiba Inu (SHIB) A Good Investment?
The Investment: Shiboshis were a part of a collection that contained 10,000 “loveable” Shiba Inu-generated NFTs written on the Ethereum blockchain. They were introduced on Oct. 14, 2021, at varying prices.
The project saw strong sales ahead of its public mint and was sold out in under an hour. On the day the NFTs were introduced, SHIB touched a high of $0.0000298.
If an investor puts $100 into Shiba Inu today and the token once again touches the NFT-time highs, here’s how much they’d have.
|Investment||Date Of Purchase/Listing||Purchase Amount||Purchase Price||Units/Shares Obtained||Worth If Price Shoots Up To NFT Hype||Percentage Change|
|Netflix (NFLX)||Jan. 18, 2023||$100||$0.00001259||7,942,811.76||$236.70||136.70%|
The investor would stand to gain 136.70 if SHIB advances back to the levels when Shiboshis were introduced. The $100 would have turned into $236.70.
Read Next: Shiba Inu Governance Token Rallies 13% To 90-Day High On Shibarium Testnet Update
© 2023 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Get ready to uncover the secrets of decentralized finance and security in the crypto market with Crypto Unlocked , Benzinga's new virtual crypto event series. Don't miss out on this opportunity to learn from the experts and connect with fellow crypto enthusiasts — subscribe and turn on notifications for Crypto Unlocked on YouTube today !