Shiba Inu, currently priced at $0.000007354, has witnessed an astounding 12,951% increase over the past three years. This remarkable growth means that a $1,000 investment made in Shiba Inu back in 2020 is now valued at an impressive $130,516.
Shiba Inu’s Historical Price Fluctuations
Three years ago, Shiba Inu’s price had plummeted to an astonishingly low $0.00000000008165, as per available data. However, what’s truly intriguing is that Shiba Inu managed to bounce back from this low point and reached its all-time peak in less than thirteen months.
Shiba Inu, often associated with meme-inspired origins, made its debut in August 2020. Despite its meme origins, the development team has worked diligently to establish it as more than just a “meme coin.”
In its early days, Shiba Inu had an initial price of $0.000000001009. However, data from the widely recognized market tracker, CoinGecko, reveals that the digital asset experienced its lowest point within just four months of its launch.
Shiba Inu’s 2020 Downturn
CoinGecko’s data highlights that by November 28, 2020, Shiba Inu was trading at a mere $0.00000000005636. This astonishing figure implies that Shiba Inu underwent a substantial 94.26% decline shortly after entering the crypto scene.
Investment Insight – $1,000 in Shiba Inu
During Shiba Inu’s 2020 slump, some crypto enthusiasts with long-term visions saw an opportunity in its low prices. With a mathematical perspective, a $1,000 investment in Shiba Inu at the price of $0.00000000005636 resulted in ownership of over 17.7 billion SHIB units.
Fast forward to today, with Shiba Inu’s current price at $0.000007354, that same $1,000 investment from 2020 has ballooned to an impressive $130,516. This translates to a staggering return on investment of 12,951% over a span of three years. Notably, at SHIB’s all-time high in October 2021, that same $1,000 investment would have yielded a remarkable $1,572,272.