- An initial investment of $1,000 in Shiba Inu three years ago could have surged to an astounding $53.7 million today.
- Shiba Inu’s unprecedented rise outperformed giants like Bitcoin and Ethereum over the last three years.
According to our analyses on the Watcher Guru update, Shiba Inu transformed the fortunes of its early investors in less than three years. Many who started with modest investments, sometimes as little as $100 or $1,000, experienced a windfall in their crypto portfolios. By 2021, SHIB was crowned as the year’s most lucrative cryptocurrency, and the early birds certainly got the proverbial worm.
Changelly’s data highlights the astronomical growth of SHIB. For perspective, if you had taken a leap of faith and invested $1,000 in SHIB on September 7, 2020, your portfolio would be worth a staggering $53.7 million in 2023. This represents an ROI of 5,372,390% or 5.3 million percent, a number that no traditional stock market trade, or even cryptocurrency giants like Bitcoin and Ethereum, have come close to in the past three years.
The Power of Timing and Luck
The roaring success of Shiba Inu underscores the pivotal role of timing and a sprinkle of luck in the investment realm. Simply being at the forefront of an opportunity can result in unimaginable wealth. A testament to this is the fact that many investors became millionaires in 2021 alone, as Shiba Inu skyrocketed by 85,000,000% within that year.
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Shiba Inu’s Current Struggles
Despite its past glories, Shiba Inu has faced a downward trend since its 2021 peak. The canine-themed cryptocurrency struggles to gain momentum in the market, sparking concerns among its current holders. For them to witness a millionaire-making surge, SHIB would need to hit the $0.01 benchmark. Otherwise, the dream of becoming a millionaire might remain elusive for many of its present-day investors.
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