Shiba Inu Token: +300% returns in a year [case-study]
Note: All price related data is fetched from everycoinprice.com
Scroll to the end of the post, if you’d like to just look at the summary of $1000 investment in $SHIB will be worth today
Shiba inu (symbol: SHIB) is a decentralized cryptocurrency a.k.a Meme token created in August, 2020 by a group or a person called ‘Ryoshi’. Since then it has been also termed as a ‘Dogecoin’ killer. As it it based on the popular shiba inu dog using as it’s logo as well. But the nature and investors in both the coins are totally different. We would be convering Dogecoin in our next posts as well, because of its popularity and the billionaire Elon musk supporting it.
Let’s look at the price movement now.
Shiba inu returned +37% returns in close to a year’s time
Shiba inu returned +224% returns in 6 months time
Shiba inu returned +!5% returns in a month
Shiba inu returned -5.7% today
If we have invested $1000 into SHIB on 10th May, 2021
It would be worth-
- $3000 on October 04, 2021 (~5 months)
- $6000 on October 25, 2021
- $5321 on November 01, 2021
- $2770 on February 22, 2022
Thus we know Meme tokens like Shiba Inu (SHIB) could give massive returns in less than a year, if we could just identify and invest at the right time.
But, saying that, not all meme tokens are known to give such returns as a token named Squid Game game returns of -100% in 3 months last year so every investors money was lost in a scam. So, always look for the top meme tokens — list here — before investing into them and also look at the marketcap to know how much money and for how long has already been into the pool by other investors around the world. Once you’re confident you could invest but as i’ve always said- this is not financial advice and it is your money, invest at our own risk. Hope you get massive returns as well and hit a jackpot along the way.
Note: Above is Not Financial Advice
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