Shiba

Dogecoin

Million

Shiba Inu

Dubai

<div class="watcher-guru">
 <p>Shiba Inu made its debut three years back on August 1, 2020, and was a little-known novice token then. Its tagline ‘the Dogecoin killer’ grabbed eyeballs for its challenging yet competitive language helping SHIB penetrate the crowded cryptocurrency markets. Several investors entered SHIB as it directly took on Dogecoin claiming to be the ‘next big thing’ in the markets. All said and done, investors who took an early entry position into Shiba Inu have now made close to $6.66 million in October 2023.</p>
 <p><strong>Also Read: Shiba Inu: AI Predicts SHIB Price for the Beginning of January 2024</strong></p>
 <p>It took less than a year for early holders to turn millionaires and SHIB is the only cryptocurrency to achieve this feat recently. Leading cryptocurrencies like Bitcoin, Ethereum, and even the stock markets did not deliver investors millions since 2020.</p>
 <div class="quads-location quads-ad33739 " id="quads-ad33739" style="float:none;margin:0px 3px 3px 3px;padding:0px 0px 0px 0px;">
  <div class="publift-ad add">
   <div data-fuse="22560828227"></div>
  </div>
 </div>
 <h2 class="wp-block-heading" id="h-shiba-inu-1-000-turns-into-6-66-million-today-in-october-2023">Shiba Inu: $1,000 Turns Into $6.66 Million Today in October 2023</h2>
 <figure class="wp-block-image size-large"><img decoding="async" width="1024" height="802" src="data:image/gif;base64,R0lGODlhAQABAAAAACH5BAEKAAEALAAAAAABAAEAAAICTAEAOw==" alt="Shiba Inu Gold Rich Money" class="wp-image-96436 ewww_webp" sizes="(max-width: 1024px) 100vw, 1024px" data-src-img="https://cdn.thebittimes.com/images/2023/10/16/63b0dbe19520e7a9e83b33a6ac3cc3e8.webp" data-src-webp="https://cdn.thebittimes.com/images/2023/10/16/63b0dbe19520e7a9e83b33a6ac3cc3e8.webp.webp" data-srcset-webp="https://cdn.thebittimes.com/images/2023/10/16/63b0dbe19520e7a9e83b33a6ac3cc3e8.webp.webp 1024w, https://cdn.thebittimes.com/images/2023/10/16/63b0dbe19520e7a9e83b33a6ac3cc3e8.webp.webp 300w, https://cdn.thebittimes.com/images/2023/10/16/63b0dbe19520e7a9e83b33a6ac3cc3e8.webp.webp 768w, https://cdn.thebittimes.com/images/2023/10/16/63b0dbe19520e7a9e83b33a6ac3cc3e8.webp.webp 380w, https://cdn.thebittimes.com/images/2023/10/16/63b0dbe19520e7a9e83b33a6ac3cc3e8.webp.webp 550w, https://cdn.thebittimes.com/images/2023/10/16/63b0dbe19520e7a9e83b33a6ac3cc3e8.webp.webp 800w, https://cdn.thebittimes.com/images/2023/10/16/63b0dbe19520e7a9e83b33a6ac3cc3e8.webp.webp 1040w" data-srcset-img="https://cdn.thebittimes.com/images/2023/10/16/63b0dbe19520e7a9e83b33a6ac3cc3e8.webp 1024w, https://cdn.thebittimes.com/images/2023/10/16/63b0dbe19520e7a9e83b33a6ac3cc3e8.webp 300w, https://cdn.thebittimes.com/images/2023/10/16/63b0dbe19520e7a9e83b33a6ac3cc3e8.webp 768w, https://cdn.thebittimes.com/images/2023/10/16/63b0dbe19520e7a9e83b33a6ac3cc3e8.webp 380w, https://cdn.thebittimes.com/images/2023/10/16/63b0dbe19520e7a9e83b33a6ac3cc3e8.webp 550w, https://cdn.thebittimes.com/images/2023/10/16/63b0dbe19520e7a9e83b33a6ac3cc3e8.webp 800w, https://cdn.thebittimes.com/images/2023/10/16/63b0dbe19520e7a9e83b33a6ac3cc3e8.webp 1040w" data-eio="j">
  <noscript><img decoding="async" width="1024" height="802" src="https://cdn.thebittimes.com/images/2023/10/16/63b0dbe19520e7a9e83b33a6ac3cc3e8.webp" alt="Shiba Inu Gold Rich Money" class="wp-image-96436" srcset="https://cdn.thebittimes.com/images/2023/10/16/63b0dbe19520e7a9e83b33a6ac3cc3e8.webp 1024w, https://cdn.thebittimes.com/images/2023/10/16/63b0dbe19520e7a9e83b33a6ac3cc3e8.webp 300w, https://cdn.thebittimes.com/images/2023/10/16/63b0dbe19520e7a9e83b33a6ac3cc3e8.webp 768w, https://cdn.thebittimes.com/images/2023/10/16/63b0dbe19520e7a9e83b33a6ac3cc3e8.webp 380w, https://cdn.thebittimes.com/images/2023/10/16/63b0dbe19520e7a9e83b33a6ac3cc3e8.webp 550w, https://cdn.thebittimes.com/images/2023/10/16/63b0dbe19520e7a9e83b33a6ac3cc3e8.webp 800w, https://cdn.thebittimes.com/images/2023/10/16/63b0dbe19520e7a9e83b33a6ac3cc3e8.webp 1040w" sizes="(max-width: 1024px) 100vw, 1024px">
  </noscript>
  <figcaption class="wp-element-caption">
   Source: Freepik.com
  </figcaption>
 </figure>
 <p>If you invested a mere $1,000 in Shiba Inu during its launch in August 2020, the $1,000 could have turned into $6.66 million today. That’s an uptick and return on investment (ROI) of about 665,968% in just 26 months post-investment. SHIB could have been the greatest life-changing trade that every investor dreams of while pouring their money into the markets.</p>
 <p><strong>Also Read:&nbsp;Shiba Inu: Dubai Man Makes $70 Million in SHIB, But Sells for $4,000</strong></p>
 <div class="quads-location quads-ad15192 " id="quads-ad15192" style="float:none;margin:0px 3px 3px 3px;padding:0px 0px 0px 0px;">
  <div id="primisContainer" class="add"></div>
 </div>
 <figure class="wp-block-image size-full"><img decoding="async" width="599" height="593" src="https://cdn.thebittimes.com/images/2023/10/16/e773d75e5b53fc0550d62fdc9cbcd08a.webp" alt class="wp-image-115975" srcset="https://cdn.thebittimes.com/images/2023/10/16/e773d75e5b53fc0550d62fdc9cbcd08a.webp 599w, https://cdn.thebittimes.com/images/2023/10/16/e773d75e5b53fc0550d62fdc9cbcd08a.webp 300w, https://cdn.thebittimes.com/images/2023/10/16/e773d75e5b53fc0550d62fdc9cbcd08a.webp 80w, https://cdn.thebittimes.com/images/2023/10/16/e773d75e5b53fc0550d62fdc9cbcd08a.webp 110w, https://cdn.thebittimes.com/images/2023/10/16/e773d75e5b53fc0550d62fdc9cbcd08a.webp 380w, https://cdn.thebittimes.com/images/2023/10/16/e773d75e5b53fc0550d62fdc9cbcd08a.webp 550w" sizes="(max-width: 599px) 100vw, 599px">
  <figcaption class="wp-element-caption">
   Source: Changelly
  </figcaption>
 </figure>
 <p><strong>Also Read:&nbsp;Shiba Inu Forecasted To Rise 3,600% &amp; Reach New ATH: Here’s When</strong></p>
 <p>Read here to know how a truck driver made $1.6 million by investing a mere $650 into SHIB in 2020. There are several stories of investors turning millionaires overnight in the dog-themed cryptocurrency.</p>
 <p>Nonetheless, the boat to make millions of dollars might have sailed as SHIB is now moving backward rather than forward. It’s drowning in an enormous circulating supply of 549 trillion tokens that’s making its price sink in the charts. A repeat of the stellar bull run like it did in 2021 is now off the table, as the markets don’t support a rally.</p>
 <p>At press time, Shiba Inu was trading at $0.00000716 and is up 1.6% in the 24-hours day trade. SHIB is down 92% from its all-time high of $0.00008616, which it reached in October 2021.</p>
 <div class="quads-location quads-ad33742 " id="quads-ad33742" style="float:none;margin:0px 3px 3px 3px;padding:0px 0px 0px 0px;">
  <div class="publift-ad add">
   <div data-fuse="22560828233"></div>
  </div>
 </div>
 <p></p>
</div>
<div class="cs-entry__tags">
 <ul>
  <li>shib</li>
  <li>shiba inu</li>
 </ul>
</div>
<p>Source: <a rel="noopener noreferrer nofollow" target="_blank" href="https://thebittimes.com/shiba-inu-a-1000-investment-turns-to-6-66-million-in-october-2023-tbt66467.html">https://thebittimes.com/shiba-inu-a-1000-investment-turns-to-6-66-million-in-october-2023-tbt66467.html</a></p>

Shiba Inu: A $,1000 Investment Turns to $6.66 Million in October 2023

Table of Contents

TheBitTimes

Other articles published on Oct 16, 2023

Major Stablecoin Issuer Tether Freezes $870,000 Linked to Criminal Activities in Israel and Ukraine

Efinity Token (EFI) Price Prediction 2024, 2025, 2030, 2040, and 2050

Hackers found new way to steal crypto with BSC blockchain

SEC announces 2024 examination priorities: crypto dealer-brokers and transfer agents under scrutiny

Bitcoin (BTC) Price Surges Past $27,000 Amid Dormant Coin Movements

Solana: Strategic Partnership with Dubai Free Zone

Join our free newsletter for daily crypto updates!