The Shiba Inu (SHIB) ecosystem landed in the market during the pandemic. Despite its fairly late arrival into the cryptocurrency industry, SHIB managed to outshine several established assets. The second largest meme coin was lauded for bringing in life changing gains and turning the fortune of several individuals. While several did pocket profits and exit, it is important to look into those who held their assets for several years.
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Shiba Inu’s Current Market
Over the past 24 hours, SHIB dipped by 6.72%. The asset had a fairly good run this week as it soared all the way to a high of $0.00001561. At the time of writing, the meme coin was trading at $0.00001343 much lower than its weekly peak.
Despite its rally during the final months of 2024, Shiba Inu continues to trade at a distance from its all-time high. The meme coin hit a peak of $0.00008845 back in October 2021. Currently, the asset is priced 84% below this milestone. While the community is hoping to see SHIB hit the 1-cent mark, reclaiming its all-time high seems to be its immediate goal.
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Can A $5,000 Investment Be Life-Changing?
About two years ago, in 2023, Shiba Inu was trading at $0.0000107. An investment of $5,000 would bring in 467,289,719.63 SHIB. So, a $5,000 investment in SHIB two years ago would be worth $6,272.14 today. This further represents a 25.4% gain.
While this might now be a major uptick, the community has continued to laud Shiba Inu for its growth. Several networks in the market were called out for their lack of utility. But the SHIB network has been working towards building the same. Investors could see immense returns over the next couple of years if the network continues boosting SHIB’s use cases.
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