The latest spike in Shiba Inu has propelled the coin to a gain of 1,000% over the past month. Here’s how much money you would have made if you had invested $1,000 during various points in SHIB’s history.
Shiba Inu price is up 1000% in the past 30 days
The entire crypto market has been on the rise over the past month, and several currencies, including Bitcoin and Ethereum, have hit all-time highs (ATHs).
But even more impressive is the streak of Shiba Inu which has raised the coin by 1,000% in the past 30 days alone.
DOGE clone gains have been the talk of the crypto community in the past few days and people wish they had invested in it earlier.
So, how much money would they have made if they had already invested earlier? Well, here, in net terms, how much would $1000 in memecoin be worth today if the coin was bought…
five days ago
SHIB stock is up about 112% over the past five days so that $1,000 investment turns into $2,120 by today. This is more than double the initial value.
That’s cool, but the gain doesn’t seem too ridiculous in terms of coding. Let’s go back a little…
A month ago
As mentioned earlier, the coin is up 1,000% in the last month alone. This means that if someone invested $1,000 in the currency at that time, the same amount would be worth $11,000 today.
Related reading | Bitcoin exchange balances plunge to three-year low amid price hikes
Well, that’s amazing, but what if someone invested before that? Likes…
Maybe eleven months ago?
A Twitter user puts into perspective, how much $1,000 in cryptocurrency bought eleven months ago would be worth today:
If you invest 1000 dollars in gray dollars 11 months ago, you now had $1.2 billion.
This is just crazy.
Simon Didek (@scoinaldo) October 27, 2021
$1.2 billion out of just $1000 is 119,999,900% more than the initial investment! Now, that’s impressive.
Related reading | Why Shiba Inu (SHIB) stock rose 266% after the largest dump in its history
There is someone who made a real deal like this, but it was done more than 400 days ago. This Twitter user explains:
Bought this wallet for nearly $8000 from gray dollars last August.
It is now worth $5.7 billion.
From $8000 to $5.7 billion in approximately 400 days.
We might actually be looking at the greatest single trade of all time. pic.twitter.com/LtdgQ83bKP
– Morning drink ☕️ (MorningBrew) October 27, 2021
From $8000 to $5.7 billion. In just 400 days. Only in encryption!
SHIB and DOGE battled for 9th place in the Top 10 Crypto List
The rise of Shiba Inu has put the coin’s market cap vis-a-vis the head of Dogecoin and both of them are vying for the ninth place in the top ten list now.
Here’s how the two pieces compare at the time of writing:
DOGE is currently leading the market cap charts | Source: CoinMarketCap
This is the spike that put the coin in the position needed to fight DOGE on its market position:
Shiba Inu's price explodes up in the last month | Source: SHIBUSD on TradingView
Featured image from Unsplash.com, charts from TradingView.com