User Reveals Exceptional Profits by Holding Shiba Inu Instead of Keeping Money in a Bank Account
New data highlights the incredible return on investment (ROI) achieved by resilient Shiba Inu holders, with an astonishing 1,865,428% increase compared to those who played it safe by keeping their savings in a bank account.
The popularity of Shiba Inu as a cryptocurrency has skyrocketed, with millions of people now holding it—exceeding the population of over 105 individual cities in the United States alone. SHIB gained fame for its meme-inspired origins, proving to be highly profitable for those who held onto it.
However, during market downturns, meme cryptocurrencies like Shiba Inu tend to experience sharper declines compared to other crypto assets. For example, XRP, the seventh largest cryptocurrency, dropped by 10% from $0.53 to $0.48 between April 21 and May 1. During the same period, Shiba Inu’s value collapsed by 26.22%.
This raises an important question about whether investing in tokens like Shiba Inu, or cryptocurrencies in general, is a better choice compared to the more conservative strategy of depositing money into a bank account with lower risks of losing capital.
Comparison: Shiba Inu Investment vs. Bank Account
According to Business Insider’s latest research, the average annual percentage yield (APY) for standard U.S. savings accounts ranges from 0.01% to 0.3%. Digital banking platforms like Bask Bank and UFB Direct offer higher APYs of up to 5.25%.
However, these rates pale in comparison to the returns achieved by holding Shiba Inu over the past year. Someone who invested in Shiba Inu exactly one year ago at a price of $0.000009379 would now see an impressive gain of 158%, with the current value of the asset at $0.00002509.
Although the investment experienced significant volatility throughout the year, including a drop of over 30% when the price fell to $0.000006555, it also surged by over 400% at its peak when SHIB reached $0.000045. Overall, Shiba Inu holders now have more than doubled their initial investment after a year. Surprisingly, holding onto Shiba Inu leads to even greater profits.
Investor Experiences 340% ROI after Holding SHIB for 783 Days
A user known as X recently revealed that they held Shiba Inu for 783 days, approximately two years and 50 days. Despite entering the SHIB market during a bearish phase, they disclosed an impressive return of approximately 340%.
They emphasized that if they had kept their funds in a bank account, their profit would have been less than 5%, failing to account for the effects of inflation.
I held $SHIB for 783 days, which provided me with about 340% profit while doing nothing. If I had kept it in the bank, I would have gained less than 5%.
Today, I swapped it all to $KENDU
The community is tight, ambitious, and highly engaged.
— d00pᕽ꫶ (@d00px) May 5, 2024
Longest Holders Enjoy 1,865,428% Gains
Interestingly, according to data from CoinMarketCap, investors who have never sold their Shiba Inu holdings since initially acquiring them in 2020 now have an incredible ROI of 1,865,428%. This means that even a $100 investment in Shiba Inu four years ago would be worth nearly $2 million today.