Shiba Inu, a meme coin, might see a price increase due to a new token standard.
Investing a small amount of money regularly in Shiba Inu (DCA) since its launch could have resulted in significant gains.
A lump sum investment at the right time could have yielded even larger returns (but also carried higher risk).
Shiba Inu, the second-largest meme coin, is gearing up for a significant rally, and it’s all thanks to the recent Shiba Inu test of the DN404 hybrid token standard. This innovative standard merges the best features of both fungible and non-fungible tokens into one, setting the stage for what could be an exciting ride.
In January 2021, Shiba Inu made its debut with a humble price of $0.000000000077295. Despite its small beginnings, SHIB offered an interesting opportunity for investors entering the crypto market. With a low price and a high token supply, SHIB became a top choice for those looking to acquire a significant amount of tokens without a hefty initial investment.
Excited to know how investing $100 a month in a Shiba Inu can earn you $11.6 million? Letโs delve in.
Dollar-Cost Average (DCA) Method
The Dollar-Cost Average (DCA) strategy turned out to be a smart move. Investing $100 monthly in SHIB since January 2021, despite the market’s natural instability, allowed investors to accumulate a sizable amount of SHIB over time.
As months passed, the price of SHIB went through noticeable changes, experiencing peaks and dips along the way. The disciplined DCA plan, involving a $3,800 investment spread over 38 months, paved the way for potential wins in the future.
Also Read: SHIB Price Prediction: ChatGPT Predicts A Major Breakout Rally For Shiba Inu Price in March
Current Valuation
Today, SHIB is trading at around $0.000009. Using the DCA method to purchase 1.307 trillion tokens, the current value sits at an impressive $11.69 million. This surge showcases the impact of long-term investments and sticking to one’s beliefs.
Peak Performance
Its peak was in November 2021, when SHIB hit an all-time high. This made the potential investment worth a staggering $87.6 million. As with all speculative investments, though, SHIBโs rise came with many consolidations and corrections. Even though the value of the asset has gone down since then, it is still a great example of how appealing SHIB is.
Alternate Scenario: Seizing the Moment
While the DCA strategy proved effective, an alternate scenario emerges. If the entire $3,800 had been invested in SHIB in January 2021, buying 49.162 trillion SHIB tokens at the start, the investment would now be worth more than $439.4 million. This alternative highlights the potential for substantial returns by seizing opportune moments in the crypto space.
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