Shiba Inu was trading at a modest price of $0.000000000056 (10 zeroes) during its initial days. SHIB was launched on August 1, 2020, with a circulating supply of 1 quadrillion tokens. However, the anonymous founder Ryoshi donated 505 trillion SHIB tokens to Ethereum founder Vitalik Buterin. The ETH founder sent 90% of the tokens to the dead wallet and donated the rest 10% to India during the COVID-19 second wave.
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SHIB then started with nearly 589 trillion tokens in circulation and rapidly spiked in price in 2021. From August 2020 to October 2021, Shiba Inu rose by 85,000,000% (85 million percent) in just 14 months span. Even an investment of $1,000 has made early investors millionaires who are now leading a life of financial freedom.
Shiba Inu: $4,400 Becomes $50 Million Today
If you had a ‘dollar cost average’ (DCA) of $100 every month into Shiba Inu from August 2020 to March 2024, the total investments would have stood at $4,400. DCA is a method where one invests a fixed amount into an asset every month despite its price turns. Therefore, being a DCA investor in Shiba Inu from Aug 2020 to Mar 2024 could have made you a multi-millionaire today.
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Data from CryptoDCA shows that those who invested $100 into Shiba Inu every month from Aug 2020 to Mar 2024, have made a whopping $49.8 million today. That’s a massive profit uptick and return on investment (ROI) of approximately 1,132,482% (1.1 million percent).
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All these life-changing profits would have been attained in less than 42 months of investment. That’s just three and a half years of being in the market and a short time to make millions of dollars.
In conclusion, being a DCA investor in SHIB was more beneficial than investing in the token all at once. Whether Shiba Inu will replicate its performance in the future remains to be unknown.
