Shiba Inu (SHIB) has been among the best-performing assets of the last four years. From its launch in August 2020 until its all-time high in October 2021, SHIB’s price rallied by many million percent. Early investors made millions of dollars in profit if not billions.
If you had invested $1 into SHIB every month, you would have invested $45 till now. However, the portfolio’s value would have skyrocketed to over $1 million in just a few years, a growth of 2,561,021% (2.5 million percent).
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Furthermore, if you had invested $1 into Shiba Inu (SHIB) every month till it hit its all-time high of $0.00008616 in October 2021, you would have invested $15. However, your portfolio’s value would have skyrocketed to almost $2.8 million, a growth of 18,655,517.5% (18.6 million percent)
SHIB’s performance in 2020-21 solidified its status as a millionaire maker. However, the asset has struggled to gain momentum in the last few years.
Can you still become a millionaire with Shiba Inu (SHIB)?
SHIB is currently down by over 71% from its 2021 peak. The asset moved forward in March when Bitcoin (BTC) hit a new all-time high. However, the rally was short-lived. SHIB is an incredibly popular cryptocurrency, especially among new and young investors. However, the asset’s lackluster performance has hindered its image.
Also Read: Forecasting Shiba Inu’s Path to $1 Million & $10 Million
One of the most significant catalysts for Shiba Inu’s (SHIB) 2021 rally was Vitalik Buterin’s massive SHIB burn. Buterin received half of SHIB’s supply upon launch. However, the Ethereum co-founder decided to burn 90% of the tokens he received. The sudden drop in supply led to a massive price spike. Nonetheless, SHIB still has a large circulating supply. If the SHIB team can reduce the asset’s supply, we may witness another 2021-like rally.
