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If you put $100 into Shiba Inu on January 1st, this is how much you’d have now.
For stock investors, patience has paid off handsomely in the long term. Since 1980, the benchmark S&P 500 has averaged an annual total return of around 11%, including dividends.
Cryptocurrencies, on the other hand, have fared a little better in a much shorter time span. Since the March 2020 valuation low, the total value of all digital currencies has risen more than 1,400% to $2.21 trillion. Over a five-year period, the entire value of digital currencies has increased by about 14,800,000 percent!
However, even this astounding rise has been dwarfed by the year-to-date performance of meme coin Shiba Inu (CRYPTO:SHIB)
If you invested $100 in Shiba Inu on January 1, you would be extremely wealthy now.
Shiba Inu is an ERC-20 token based on the Ethereum network that sprang out of nowhere to become one of the top ten digital currencies by market cap at one time.
According to CoinMarketCap.com, when 2021 launched, buyers could purchase this little-known cryptocurrency for $0.000000000073 per token. If you’re wondering why the price was so low, keep in mind that Shiba Inu had a circulating supply of 1 quadrillion SHIB when it was released in early August 2020.
