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
UNI, Uniswap's native token, appears bullish and is poised for massive upside momentum after a…
The crypto market is always shifting based on global money trends, but a new debate…
XRP holders are finding themselves at a crossroads as recent market trends raise questions about…
Bitcoin, the flagship cryptocurrency, has taken a hit with a 5% drop in its price.…
Amid market uncertainty, Dogecoin (DOGE), a popular and the world’s largest crypto meme coin, appears…
According to historical footprints in the global crypto market, festive seasons are always important for…