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? Let’s delve in.
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
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.
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, SHIB’s 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.
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.
This Might Interest You: Top Memecoins to Buy Before Ethereum ETF Approval
Currently, the Dogecoin price mirrors the negative sentiment that has blown through the space, and…
Australia is known for its crypto-friendly environment, but recent legal developments may completely change how…
A major Ethereum whale is shifting strategy by transferring a significant amount of their portfolio…
In crypto, even a single poll can stir serious momentum. That’s what happened after TheBlockchainMedia…
As the prices of several cryptocurrencies aligned with ISO 20022 goals fall, it may look…
The Ripple vs. SEC case has become one of the most talked‑about topics on social…