Shiba Inu (SHIB) is one of the most popular cryptocurrencies in the market. The project has solidified its status as a millionaire-maker, given that many early investors made millions of dollars in profits and, in some cases, even billions. The stories of SHIB millionaires also reached non-crypto individuals who got into the asset, hoping to make it big.
If you had invested $100 into SHIB every week, you would have put in $18,400 till now. However, the portfolio’s value would have skyrocketed to $827.18 million in March 2024, a rise of about 4495464.64%.
However, if you had continued to invest $100 in Shiba Inu (SHIB) till it reached its all-time high of $0.00008616 on Oct. 28, 2021, you would have put in about $6200. However, the portfolio’s value would have risen to $1.16 billion, increasing by about 18718732.76%.
Also Read: Shiba Inu (SHIB) Predicted to Rally 251% and Hit $0.0001
These numbers have made Shiba Inu (SHIB) an incredibly popular asset among new and young investors who want to make millions quickly. Moreover, with SHIB approaching its all-time high price level again, we may see the creation of many new millionaires.
Can you still become a millionaire with Shiba Inu (SHIB)?
Shiba Inu’s (SHIB) price significantly fell after its 2021 peak. The asset also had a lackluster year in 2023 despite launching a layer-2 network. However, things seem to be turning around for the dog-themed crypto. SHIB’s price has increased by 220.5% in the 14-day charts and nearly 250% over the previous month. Moreover, the asset is up 223.3% since March 2023.
If Shiba Inu (SHIB) continues on its bullish trajectory, the asset may reclaim its all-time high very soon, if not surpass it. Although you can still make millions in profit with SHIB, the asset has to perform as it did in 2020-2021. One of the most significant barriers to SHIB’s price is its massive supply. If the team can carry out a burn like the one Vitalik Buterin performed in 2021, we may see another 2021-like rally.
