A $1,000 investment in Shiba Inu during its launch plummeted by 98% reaching as low as $2. The crash would have shaken the living daylights out of people, giving them a series of sleepless nights. Things changed dramatically thereafter as the $2 became $17 million in just five months. Yes, you heard that right, in 150 days, the $2 indeed became $17 million, beating all market expectations in May 2021.
During that time, Shiba Inu outperformed the US and global stock markets, as well as Bitcoin, Ethereum, and all assets combined, delivering life-changing returns. Traders who held on during the roller-coaster of ups and downs made generational wealth. They most probably would be sipping cocktails at their private swimming pool at the moment.
Also Read: Why Shiba Inu (SHIB) Will Survive the Next Cycle & Rise Stronger
Can Shiba Inu’s Million Dollar Profits Return?
The answer to this is both yes and no. Here’s why. Yes, it’s because the meme currency market often takes everyone by surprise. It follows no chart patterns, price predictions, or analysis, and throws everything to the wind. Not a single analyst, with years of extensive research, could predict Shiba Inu’s journey from $2 to $17 million. They only realized it after SHIB did the impossible.
Also Read: If You Hold Shiba Inu, You Need to See This Before It’s Too Late
The answer is also ‘no’ because the market dynamics are different. The first rally was a one-off event even before Shiba Inu ‘became a thing’. The large number of investors who took an entry position will now have to fight an unending supply of tokens, which is 549 trillion SHIB, to be precise.
There is no instrument available in the market that can burn such a large number of Shiba Inu tokens. Shibarium was touted to be that instrument, but it’s a big let-down and is unable to perform the task. Most probably, only luck could drive SHIB hereon, and investors have to be patient.