Shiba Inu (SHIB) has several rags-to-riches stories, with early investors making millions by investing only a few thousand dollars. However, a small percentage of investors were smart enough to get into the memecoin just as it began trading and made billions in returns.
If you had put $100 weekly into SHIB from Aug. 20, 2020, till the token reached its all-time high of $0.00008616 on Oct. 28, 2021, you would have put in $6,200. However, the portfolio’s value would have skyrocketed to a whopping $1.16 billion, with a growth of over 18,718,732% (more than 18 million percent).
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However, if you had decided to continue putting in $100 weekly in Shiba Inu (SHIB), you would have invested $17,800 till now. The portfolio’s value would be worth $204 million. Although the value is far less than $1 billion, it is still a lucrative return on the investment, with a growth of over 1,146,001% (more than 1 million percent).
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Can you still become a billionaire with Shiba Inu (SHIB)?
It is difficult to say if an investor can still become a billionaire with SHIB. The token’s early rally is unlikely to unfold once again. However, new investors may still be able to make a decent profit with the memecoin. SHIB fans and investors are pursuing the ‘one-cent dream,’ which they believe will be fulfilled soon.
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However, Shiba Inu (SHIB) has several barriers before reaching $0.01. Firstly, the project has a massive supply. The team needs to significantly reduce the number of tokens in circulation for prices to rally. Secondly, the project requires more adoption. With lower supply and higher demand, SHIB may rally to new highs.
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