The cryptocurrency market started the month of October on a rather volatile note. Bitcoin (BTC) led the September rally, surged to a high of over $66,000, and Shiba Inu (SHIB) and Dogecoin (DOGE) also made headlines. SHIB, for instance, surged by 27% over the past week, while DOGE saw a 10% uptick.
Also Read: Shiba Inu: What A $100 Investment During Its Launch Net You Today?
Performance Of Bitcoin, Dogecoin, And Shiba Inu Over The Past Year
Bitcoin’s Performance
In line with the past month, most of these assets also had a great year. Dogecoin witnessed a 90% surge over the past 12 months. Bitcoin hit an all-time high of $73,750.07 earlier this year and saw a 135% increase during this period.
Shiba Inu’s Performance
On the other hand, Shiba Inu was the best-performing asset of the lot. SHIB recorded a nearly 150% rise over the past year. So how much would a $1000 investment, precisely a year ago, fetch investors?
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Looking Back At Bitcoin, Dogecoin and Shiba Inu
About a year ago, Bitcoin was trading at a low of $26,000. Following its yearly surge, a $1000 investment in the asset would have turned into $2,480. The OG meme cryptocurrency, Dogecoin, was priced at $0.0605 during this time last year. So a year later, $1000 would have surged to $2,033.
In addition, SHIB’s pricing exactly a year ago was $0.000007256. As a result, a $1,000 investment in the meme coin at that time would have yielded 137,816,979 SHIB. At the asset’s current value, this bag of tokens would have increased to $2621.
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Buying the dip and holding onto cryptocurrencies with patience has always paid off. The above data is a prime example.