Cryptocurrency Shiba Inu SHIB/USD has constructed a loyal following of followers and buyers since launching in August 2020. Right here’s a take a look at how a lot cash individuals who bought in in the beginning have made.
What Occurred: Shiba Inu launch in August 2020 as a equally themed cryptocurrency to Dogecoin DOGE/USD.
Shiba Inu leverages the Ethereum ETH/USD community and has created a decentralized alternate known as ShibaSwap. Three tokens are native to the platform: SHIB, Leash (LEASH) and Bone (BONE).
A Shiba Inu-based NFT mission known as Shiboshis launched in November 2021.
Previously solely obtainable on decentralized exchanges like Uniswap, Shiba Inu has been added to a number of main cryptocurrency platforms together with Coinbase International COIN and Kraken.
The coin was additionally not too long ago added to Robinhood Markets HOOD cryptocurrency platform as considered one of 4 new cash added.
Information of Shiba Inu being added to Robinhood led to a pointy enhance within the valuation of the token earlier this week.
Right here’s a take a look at the historical past of an funding within the coin.
Associated Hyperlink: How To Purchase Shiba Inu
Investing $100: Shiba Inu launched in August 2020. The earliest date listed for worth historical past on Coinmarketcap is Aug. 1, 2020 when SHIB traded at $0.00000000051 per token.
A $100 funding on the time may have purchased 196,078,431,373 SHIB.
That funding could be price an astonishing $5,017,547.06 now.
Not all cryptocurrencies respect this a lot in worth and most don’t have excessive buying and selling volumes when they’re initially provided, making this hypothetical funding unlikely to occur to most.
That is one other instance of why investing a small quantity in cryptocurrency may have a powerful return over time.
