Cryptocurrency Shiba Inu SHIB/USD has built a loyal following of fans and investors since its launch in August 2020.
what happened: Shiba Inu was launched as a similarly themed cryptocurrency in August 2020. dogecoin Doge/US DollarThis coin quickly gained a following and is now one of the 15 largest cryptocurrencies by market cap.
Shiba Inu is ethereum Ethereum/USD network and created a decentralized exchange called ShibaSwap. There are three tokens native to the platform: SHIB, Leash and Bone.
A Shiba Inu-based NFT project called Cibosis Released in November 2021.
Previously, it was only available on decentralized exchanges such as UniswapShiba Inu has been added to several major cryptocurrency platforms. coinbase kraken and Robin Hood.
The news that the coin was added to Robinhood helped push the price of the coin higher.
Introducing the history of investing in Shiba Inu.
Related link: How to buy a Shiba Inu
Invest $100 in Shiba Inu: The cryptocurrency was launched in August 2020 and the earliest date mentioned in its price history was August 1, 2020, when the coin traded at 0.00000000051 per token.
A $100 investment at that time could have bought 196,078,431,373 SHIB.
Based on SHIB’s price of $0.00001451 at the time of this writing, this investment is worth a staggering $2,845,098.04 today.
Shiba Inu hits all-time high of $0.000084 in October 2021. At its peak, a $100 investment was worth him $16,470,588.24.
Not all cryptocurrencies appreciate this much value and most do not have high trading volumes when first offered, so this hypothetical investment is most likely unlikely .
This is another example of why a small investment in cryptocurrency can yield big returns over time.
Over the past 52 weeks, the Shiba Inu has traded between $0.000007197 and $0.00003493.
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