The cryptocurrency market witnesses a wide range of highs and lows throughout the day. While the volatile nature of the market can bring in notable gains to investors, it could also wash out a major part of profits. Shiba Inu (SHIB) investors were banking on the asset’s volatility during its initial days. While the meme coin continues to experience notable spikes and downfalls, the magnitude is quite low. Currently, as the asset is stepping up, SHIB is expected to reclaim its peak.
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Shiba Inu Records 10% Spike In The Past 24 Hours
At the time of writing, SHIB was trading at a high of $0.00001196. This comes after a massive spike of 10.25% during the last day. SHIB was priced at a low of $0.00001078 before rising to a high of $0.00001213.
The meme coin hit an all-time high of $0.00008845 about three years ago in 2021. Shiba Inu is sadly trading 86% below this peak. While the chances of the asset reclaiming this peak seem bleak at the moment, it isn’t impossible. SHIB has increased by more than 14617576.92% since its launch in 2020.
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Can $5,000 Invested Today Bring In Prominent Gains?
It should be noted that $5,000 invested in Shiba Inu today would bring in 416,847,373 tokens. If the meme coin reclaims its all-time high of $0.00008845, the investment of $5,000 would turn into $36,853.43. But the real question is when the asset will revisit this peak.
According to data from Telegaon, the Shiba Inu network is not too far away from achieving this high. The firm revealed that SHIB will reach this peak in 2026. The meme coin will even record a new milestone by rising to $0.0000943. This instills hope in the market for SHIB’s potential and even brings respite to its holders.
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