Shiba

Solana

Bitcoin

Million

Shiba Inu

<div class="watcher-guru">
 <p>Shiba Inu (SHIB) witnessed a meteoric rise soon after its launch in August 2020. Within just one year, the token reached its all-time high. Early investors who got into SHIB when it was trading with about ten zeros after the decimal became multi-millionaires and, in some cases, even billionaires.</p>
 <p>If you put <a rel="noopener noreferrer nofollow" title="$1000" href="https://thebittimes.com/tag/1000.html">$1000</a> into Shiba Inu (SHIB) in August 2020, you would have received tens of trillions of SHIB tokens. The value of the <a rel="noopener noreferrer nofollow" title="$1000" href="https://thebittimes.com/tag/1000.html">$1000</a> investment would have grown to a whopping $7.58 million in November 2023. The increase in the portfolio’s value translates to a growth of about 758,703%.</p>
 <p><strong>Also Read: Shiba Inu vs. XRP: Which Will Gain More by Christmas 2023?</strong></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>
 <figure class="wp-block-image size-full"><img decoding="async" width="882" height="746" src="https://cdn.thebittimes.com/images/2023/11/03/6f3d31dff527c46e0d64cf2123a1021e.webp" alt class="wp-image-117700" srcset="https://cdn.thebittimes.com/images/2023/11/03/6f3d31dff527c46e0d64cf2123a1021e.webp 882w, https://cdn.thebittimes.com/images/2023/11/03/6f3d31dff527c46e0d64cf2123a1021e.webp 300w, https://cdn.thebittimes.com/images/2023/11/03/6f3d31dff527c46e0d64cf2123a1021e.webp 768w, https://cdn.thebittimes.com/images/2023/11/03/6f3d31dff527c46e0d64cf2123a1021e.webp 380w, https://cdn.thebittimes.com/images/2023/11/03/6f3d31dff527c46e0d64cf2123a1021e.webp 550w, https://cdn.thebittimes.com/images/2023/11/03/6f3d31dff527c46e0d64cf2123a1021e.webp 800w" sizes="(max-width: 882px) 100vw, 882px">
  <figcaption class="wp-element-caption">
   Source: Changelly
  </figcaption>
 </figure>
 <p>However, if you had decided to sell when Shiba Inu (SHIB) reached its all-time high in October 2021, you would have walked away with an eye-watering $75.39 million. The trade would have resulted in a profit of about 7,539,215%.</p>
 <figure class="wp-block-image size-full"><img decoding="async" width="890" height="752" src="https://cdn.thebittimes.com/images/2023/11/03/9194f402e0e0a4444b98933b91b2d182.webp" alt class="wp-image-117702" srcset="https://cdn.thebittimes.com/images/2023/11/03/9194f402e0e0a4444b98933b91b2d182.webp 890w, https://cdn.thebittimes.com/images/2023/11/03/9194f402e0e0a4444b98933b91b2d182.webp 300w, https://cdn.thebittimes.com/images/2023/11/03/9194f402e0e0a4444b98933b91b2d182.webp 768w, https://cdn.thebittimes.com/images/2023/11/03/9194f402e0e0a4444b98933b91b2d182.webp 380w, https://cdn.thebittimes.com/images/2023/11/03/9194f402e0e0a4444b98933b91b2d182.webp 550w, https://cdn.thebittimes.com/images/2023/11/03/9194f402e0e0a4444b98933b91b2d182.webp 800w" sizes="(max-width: 890px) 100vw, 890px">
  <figcaption class="wp-element-caption">
   Source: Changelly
  </figcaption>
 </figure>
 <h3 class="wp-block-heading" id="h-is-buying-shiba-inu-in-2023-a-loss">Is buying Shiba Inu in 2023 a loss?</h3>
 <figure class="wp-block-image size-large"><img decoding="async" loading="lazy" width="1024" height="576" src="https://cdn.thebittimes.com/images/2023/11/03/8c010f1d5c608953ad47d73f4d4c49cd.webp" alt="Shiba Inu" class="wp-image-117370" srcset="https://cdn.thebittimes.com/images/2023/11/03/8c010f1d5c608953ad47d73f4d4c49cd.webp 1024w, https://cdn.thebittimes.com/images/2023/11/03/8c010f1d5c608953ad47d73f4d4c49cd.webp 300w, https://cdn.thebittimes.com/images/2023/11/03/8c010f1d5c608953ad47d73f4d4c49cd.webp 768w, https://cdn.thebittimes.com/images/2023/11/03/8c010f1d5c608953ad47d73f4d4c49cd.webp 380w, https://cdn.thebittimes.com/images/2023/11/03/8c010f1d5c608953ad47d73f4d4c49cd.webp 550w, https://cdn.thebittimes.com/images/2023/11/03/8c010f1d5c608953ad47d73f4d4c49cd.webp 800w, https://cdn.thebittimes.com/images/2023/11/03/8c010f1d5c608953ad47d73f4d4c49cd.webp 1160w, https://cdn.thebittimes.com/images/2023/11/03/8c010f1d5c608953ad47d73f4d4c49cd.webp 1200w" sizes="(max-width: 1024px) 100vw, 1024px">
  <figcaption class="wp-element-caption">
   Source – Outlook
  </figcaption>
 </figure>
 <p>Despite the early success, Shiba Inu (SHIB) has not sustained its price after its all-time high in 2021. Moreover, since the beginning of the year, SHIB’s value has dropped by 1.73%. On the other hand, Bitcoin (BTC) has risen by over 100%, while Solana (SOL) has increased by over 200%.</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>
 <p>If you put <a rel="noopener noreferrer nofollow" title="$1000" href="https://thebittimes.com/tag/1000.html">$1000</a> into SHIB on Jan. 1, 2023, the investment would be worth around $983 today. Moreover, if you had put in <a rel="noopener noreferrer nofollow" title="$1000" href="https://thebittimes.com/tag/1000.html">$1000</a> on Feb. 5, 2023, when SHIB had briefly rallied, the investment would be worth $540.70 today. The plunge represents a drop of about 46%.</p>
 <p><strong>Also Read: Shiba Inu (SHIB) Price Prediction: November 2023</strong></p>
 <p>Nonetheless, SHIB may begin to generate steam towards the end of this year or early next year. Many crypto analysts anticipate a bull market in early 2024, which could see the likes of SHIB reaching new highs.</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>shiba inu</li>
 </ul>
</div>
<p>Source: <a rel="noopener noreferrer nofollow" target="_blank" href="https://thebittimes.com/shiba-inu-1000-in-2020-is-worth-7-5-million-in-november-2023-tbt68892.html">https://thebittimes.com/shiba-inu-1000-in-2020-is-worth-7-5-million-in-november-2023-tbt68892.html</a></p>

Shiba Inu: $1000 in 2020, Is Worth $7.5 Million in November 2023

Table of Contents

TheBitTimes

Other articles published on Nov 2, 2023

Liquidations Heatmap. How to follow the whales trades?

Ripple Legal Chief Questions SEC Chair’s Losing Streak

ProShares launches short Ethereum-linked ETF

China’s Presence Shines at AI Safety Summit 2023

Earnings Recap: Shell, Palantir, Starbucks, Shopify Rise; Moderna Falls

Shiba Inu Price Prediction 2023: SHIB May Slip More in November

Join our free newsletter for daily crypto updates!