How a Weekly Investment of $100 in Shiba Inu Could Reach $641 Million
Shiba Inu, a cryptocurrency that emerged in August 2020, has shown remarkable growth potential, attracting the attention of both experienced and novice investors. Its rapid rise from obscurity to fame in just over a year exemplifies the unpredictable nature of the crypto space. Early investors who recognized Shiba Inu’s potential have enjoyed significant returns on their investments, emphasizing the benefits of consistent and regular investing.
CryptoDCA data reveals that investing $100 weekly in Shiba Inu between August 2020 and the present would have accumulated a total investment of $19,800. However, the impressive aspect lies in the growth of this investment. Over that period, the portfolio’s value would have soared to a staggering $641.78 million—a growth rate of approximately 3,241,253%.
Alternatively, if an investor had chosen to invest $100 weekly from Shiba Inu’s launch until its all-time high (ATH) in October 2021, the total investment would have been $6,500. The returns on this investment would have been even more spectacular, with the portfolio’s value reaching a mind-boggling $1.239 billion—a growth rate of 19,064,676%.
As of now, Shiba Inu is experiencing a notable rebound, with its price increasing by 8.43% in the last 24 hours to surpass the critical $0.00025 price level. The cryptocurrency is currently trading at $0.00002577, having risen above the 50-day exponential moving average (EMA). Maintaining this price level as a firm support is crucial to sustaining these gains. Despite a minor setback of 7.36% in the previous week, the monthly increase stands at 3.85%. Furthermore, the 24-hour trading volume has risen by 38.05%, reaching $891,844,698.
Despite a recent downturn, several analysts project a significant rebound for Shiba Inu in the coming weeks. An analysis from The Crypto Basic highlights insights from William, a respected Bitcoin expert, who predicts a notable surge in Shiba Inu’s value. According to William, SHIB’s target price is projected to achieve $0.05—a staggering increase of 193,774%.