Shiba Inu (SHIB) is one of the most popular cryptocurrencies in the market. The memecoin debuted in August 2020 and rallied by many million percent within just one year of launch. The token reached an all-time high over two years ago, on Oct. 28, 2021. Early investors made millions in returns and, in some cases, even billions.
If you would have made $100 monthly investments in Shiba Inu (SHIB), you would have put in about $4,100 so far. However, the portfolio’s value would have skyrocketed to over $50.4 million, a growth of 1,231,379% (1.23 million percent).
Also Read: Shiba Inu: You Could Have Made $1 Billion With Just $6.2k in SHIB.
If you had made $100 weekly investments, you would have put in $17,900. The value of the investment would have grown to a whopping $204.9 million, a growth of about 1,144,671% (1.14 million percent).
Moreover, if you invested $100 monthly till Shiba Inu (SHIB) reached its all-time high in October 2020, you would have invested $1500. However, the portfolio’s value would have surged to $279.8 million, a growth of 18,655,517% (18.65 million percent).
If you had invested $100 weekly into SHIB till the asset reached its 2021 peak, you would have put in $6200. However, you would have netted an eye-watering $1.16 billion in returns.
Can you still become a millionaire with Shiba Inu (SHIB)?
Many investors think they may have missed the SHIB boat. Getting in early is a significant factor for making it big with an asset. However, many SHIB fans believe there is still room for growth.
Also Read: Shiba Inu: Here is How To Be a Millionaire When SHIB Hits $0.002?
The Shiba Inu (SHIB) team has revealed plans for a new burn mechanism, rumored to burn trillions of tokens yearly. SHIB’s massive supply is a barrier to the token’s growth. If the team can significantly reduce the supply, we may see a surge in the asset’s price. However, burns alone will not increase SHIB’s price. The project will need more adoption as well.