Prominent meme coin Shiba Inu (SHIB) has been one of the very few assets that has managed to deliver life-changing returns to its investors. While several assets enter the market and fade away, SHIB has continued to grow. Despite its current price rut, the network has been building up its utility. Even though this isn’t reflected in the meme coin’s price at the moment, the community is optimistic about its future. A look at its growth since its launch is proof of the same.
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How High Is Shiba Inu Faring At The Moment?
The second-largest meme coin was seen recovering from a recent downtrend. Shiba Inu was trading at $0.00001245 at the time of writing. This comes after a 1.25% rise throughout the past 24 hours. Even though the asset started April on a good note, SHIB was seen struggling to keep up.
It is worth noting that the meme coin has surged by 15249703.72% since its launch about five years ago. In the meantime, SHIB also hit an all-time high of $0.00008845. This peak was attained back in October 2021, which was about three years ago. At its current price, Shiba Inu is 85% below this high.
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Can $500 Turn Into A Million?
Shiba Inu made its debut in August 2021. The asset was trading at a low of $0.000000000056 during its very first day. At the launch price of $0.000000000056 per SHIB, an investor could have bought about 8,929,000,000,000 tokens with a $500 investment. Taking into consideration the current price of the meme coin, the dainty $500 investment would have brought in returns worth $111,360,630. This represents a massive 22,272,026% profit. In addition, if an investor decided to withdraw this investment when SHIB hit its all-time high then it would be worth $789,500,050.
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