An analysis reveals that Shiba Inu (SHIB) investors who started investing $100 weekly after its all-time high (ATH) in 2021 would be at a loss today. This is according to a report by Watcher Guru, published on Thursday.
The Shiba Inu cryptocurrency, launched in August 2020, skyrocketed by a stunning 8862274% till October 2021. Early investors have reaped immense profits from this surge.
Yet, for those who hopped on the SHIB train after its ATH, the story is quite different. An individual who invested $100 weekly since then would have put in $10,200. With SHIB’s subsequent decline, this investment would only be worth approximately $6,235 presently – a 38.87% loss.
In contrast, if one had been investing $100 weekly from the start, their $16,100 investment would have ballooned to over $170 million today, pointing to a gain of 1063406.73%.
SHIB enthusiasts often dream of the token reaching $0.01. Hypothetically, if this were achieved and an investor maintained the $100 weekly investment, they could amass a fortune in profits. However, this hinges on SHIB hitting that target.
Due to SHIB’s large supply, reaching the one-cent mark requires significant token burns. The team plans to introduce a new burn mechanism, but details about its workings and launch date remain undisclosed. The current SHIB burn rate has decreased by 90.86%, and the token is trading at $0.00000741, up by 2.2% in the last 24 hours.
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