Shiba Inu: You Could Have Made $1 Billion With Just $6,200

Paigambar Mohan Raj
Shiba Inu: Analyst Provides Ambitious Price Target For SHIB

Shiba Inu (SHIB) has seen ample success in its nearly four-year history. Since its launch in August 2020, the asset has rallied by several million percent. Its epic 2021 rally solidified its status as a millionaire-maker. Many early investors made millions in profit and, in some cases, billions.

If you had invested $100 every week since SHIB’s launch till it hit an all-time high of $0..00008616 in October 2021, you would have invested $6,200. However, your portfolio’s value would have skyrocketed to $1.16 billion, a rise of 18,718,732% (18.7 million percent).

Source: CryptoDCA

Also Read: Shiba Inu Price Prediction: SHIB to Hit $0.000031 This Weekend?

However, if you had continued to invest in Shiba Inu (SHIB) till today, you would have invested $19,500. In this scenario, your portfolio’s value would have risen to $594.3 million, a rise of about 3,047,601% (3.04 million percent).

Source: CryptoDCA

The aforementioned scenarios show how lucrative SHIB has been for early investors.

How high can Shiba Inu (SHIB) go in 2024?

shiba inu shib eclipse
Source: Twitter

SHIB’s price has fallen by over 70% since its 2021 peak of $0.00008616. However, SHIB fans and investors are hopeful that the asset will regenerate momentum soon.

According to CoinCodex, Shiba Inu (SHIB) will rally over the next few weeks. The platform predicts SHIB to hit a new all-time high next month. According to CoinCodex data, the asset to reach $0.00008628 on July 5, 2024. Hitting $0.00008628 from current levels would translate to a growth of over 240%.

Source: CoinCodex

Also Read: Shiba Inu: Early Investor Buys $3.8 Million SHIB, Price Jumps 10%

Changelly also presents a bullish outlook for SHIB over the next few weeks. The platform anticipates SHIB to hit $0.00008707 on July 4, 2024.

Telegaon, on the other hand, does not predict Shiba Inu (SHIB) to hit a new all-time high this year. The platform anticipates SHIB to reach a maximum price of $0.0000601 in 2024. Telegaon predicts SHIB to hit a new all-time high in 2026, about two years from now, hitting a maximum price of $0.0000943 for the year.