Shiba Inu was launched in August 2020 and has become one of the 15 largest crypto-currencies. A look at the coin’s performance since its launch.
The Shiba Inu crypto-currency has built a loyal following of fans and investors since its launch in August 2020. Here’s a look at how much money people who invested early on have made.
What happened: Shiba Inu was launched in August 2020 as a crypto-currency with a theme similar to Dogecoin The coin quickly gained followers and is now one of the 15 largest crypto-currencies by market capitalization.
Shiba Inu leverages the Ethereum network and has created a decentralized exchange called ShibaSwap. Three tokens are native to the platform: SHIB, Leash and Bone.
A Shiba-Inu-based NFT project called Shiboshis was launched in November 2021. Once only available on decentralized exchanges like Uniswap, Shiba Inu has been added to several major crypto-currency platforms, including Coinbase, Kraken and Robinhood.
Invest $100 in Shiba Inu: The crypto-currency was launched in August 2020, with the earliest date listed for price history being August 1, 2020, when the coin traded at $0.00000000051 per token.
An investment of $100 at that time could have purchased 196,078,431,373 SHIBs.
That investment would be worth today an astonishing $2,845,098.04based on a price of $0.00001451 for SHIBs at the time of writing.
Shiba Inu hit an all-time high of $0.000084 in October 2021. At its peak, the $100 investment would have been worth $16,470,588.24.
Not all crypto-currencies gain that much value and most do not have high trading volumes when initially offered, making this hypothetical investment unlikely for most.
This is another example of why investing a small amount in crypto-currencies could have a strong return over time. Over the past 52 weeks, Shiba Inu has traded between $0.000007197 and $0.00003493.