Shiba Inu (SHIB) and Dogecoin (DOGE) are two of the most popular crypto projects. Both have some of the highest social media engagements, with a mass fan following. Even though the current market slump wiped out billions from the crypto markets, it has not shaken the hearts of fans and users.
However, the current crypto winter has not taken the markets to the lows it witnessed during the COVID-19 pandemic. At that time, both crypto and traditional finance took a massive hit. Supply chains were disrupted, equity and crypto prices plummeted, and people were locked in their homes.
Regardless, the returns would have been eye-opening if an investor made a $1000 investment in either Shiba Inu (SHIB) or Dogecoin (DOGE). Let’s have a look.
Shiba Inu (SHIB)
Shiba Inu (SHIB) launched in August 2020, and COVID-19 protocols were fully enforced. Upon launch, SHIB was worth $0.000000000056. Furthermore, during the bull run of 2021, SHIB reached an all-time high of $0.00008616 on the 28th of October.
However, a $1000 investment in Shiba Inu in August 2020 would be worth a whopping $137,400 today. This shouldn’t be a surprise as SHIB has returned profits by many thousands of percentages.
At press time, SHIB was trading at $0.00001043, down by 12.8% in the last seven days. Also, the token is up by 62.6% in the yearly chart. However, SHIB is down by -87.9% from its all-time high.
Dogecoin is the original canine-themed meme coin and is responsible for turning many new investors into millionaires. Moreover, the project has found the support of Elon Musk, CEO of Tesla and one of the wealthiest people in the world.
In March 2020, DOGE was worth $0.0014. A $1000 investment at that time would yield a sweet $40,900. Although it’s less than Shiba Inu’s gains, it is still a massive gain compared to stock indices such as the S&P500.
At press time, DOGE was trading at $0.061012, down by 9.6% in the last seven days. Additionally, DOGE is down by 91.6% from its all-time high of $0.731578, which it attained in May 2021.