Shiba

Kusama

when

Shiba Inu

<div class="finbold">
 <p class="paragraph">Shiba Inu (SHIB) experienced an exponential surge in the previous month, resulting in gains of over 50% and breaking through the $0.00001 psychological resistance level.</p>
 <p class="paragraph">With this recent surge in SHIB price, investor interest has reignited, prompting traders to contemplate the investment potential of this digital token.&nbsp;</p>
 <p class="paragraph">As a result, Finbold calculated the current value of $1,000 <a rel="noopener noreferrer nofollow" title="invested" href="https://thebittimes.com/tag/invested.html">invested</a> in SHIB at the beginning of 2024.</p>
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   <svg width="32" height="32" viewbox="0 0 32 32" fill="none" xmlns="//www.w3.org/2000/svg"><path d="M4 10.6665V25.3332C4 28.2678 6.392 29.3332 8 29.3332H28V26.6665H8.016C7.4 26.6505 6.66667 26.4078 6.66667 25.3332C6.66667 24.2585 7.4 24.0158 8.016 23.9998H28V5.33317C28 3.8625 26.804 2.6665 25.3333 2.6665H8C6.392 2.6665 4 3.73184 4 6.6665V10.6665ZM8 5.33317H25.3333V21.3332H6.66667V6.6665C6.66667 5.59184 7.4 5.34917 8 5.33317Z" fill="#EF4444"> 
    </path> <path d="M15.996 18.6668L20.4626 14.2815C20.738 14.0166 20.9571 13.6989 21.1068 13.3473C21.2564 12.9957 21.3336 12.6176 21.3336 12.2355C21.3336 11.8534 21.2564 11.4752 21.1068 11.1236C20.9571 10.7721 20.738 10.4543 20.4626 10.1895C19.9074 9.64148 19.1587 9.33422 18.3786 9.33422C17.5985 9.33422 16.8498 9.64148 16.2946 10.1895L15.996 10.4801L15.6973 10.1881C15.1423 9.64023 14.3938 9.33301 13.614 9.33301C12.8341 9.33301 12.0856 9.64023 11.5306 10.1881C11.2552 10.453 11.0361 10.7707 10.8865 11.1223C10.7368 11.4739 10.6597 11.852 10.6597 12.2341C10.6597 12.6162 10.7368 12.9944 10.8865 13.346C11.0361 13.6975 11.2552 14.0153 11.5306 14.2801L15.996 18.6668Z" fill="#EF4444"> 
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 <h2 class="wp-block-heading" id="h-further-technological-improvements-as-a-catalyst-for-shib-growth">Further technological improvements as a catalyst for SHIB growth</h2>
 <p class="paragraph">On February 28, Shiba Inu revealed that it is collaborating with Zama, an open-source cryptography company, to introduce a new privacy-focused network atop the Shibarium blockchain.</p>
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   <blockquote class="twitter-tweet" data-width="500" data-dnt="true">
    <p lang="en" dir="ltr">Our latest partnershib is a BIG one. Pay close attention to why Encryption and Privacy are important to the Shib Ecosystem and state! #SHIB #Zama #FHE https://t.co/ZFoJaRJpJE</p>— Shytoshi Kusama (@ShytoshiKusama) February 28, 2024
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 <p class="paragraph">This network will utilize Fully Homomorphic Encryption (FHE) to enhance on-chain privacy for SHIB token holders. The initiative aims to safeguard personal and transactional data, utilizing the Shiba Inu ecosystem token treat (TREAT) to power the new privacy layer.&nbsp;</p>
 <p class="paragraph">Shytoshi Kusama, the pseudonymous founder of Shiba Inu, clarified that this initiative is separate from Shibarium, which was launched last August and focused on financial services and gaming.</p>
 <p class="paragraph">Additional updates from the development team that enhance integration, security, privacy, and other <a rel="noopener noreferrer nofollow" title="Category Features" href="https://thebittimes.com/features.html">Features</a> appealing to traders can be positive catalysts for increasing SHIB adoption.</p>
 <h2 class="wp-block-heading" id="h-shib-price-chart">SHIB price chart</h2>
 <p class="paragraph">Since the beginning of 2024, Shiba Inu’s price has risen by 34.25%, climbing from $0.00001034 to $0.00001401 at the time of writing.</p>
 <p class="paragraph">For much of 2024, SHIB traded below the $0.00001 mark, dropping as low as $0.0000088 by the end of January.</p>
 <p class="paragraph">However, the recent surge in interest has driven its price up by 46.63% in the last 7 days alone, likely due to the revived excitement surrounding meme coins.</p>
 <figure class="wp-block-image size-large"><img decoding="async" width="1024" height="683" src="https://cdn.thebittimes.com/images/2024/02/29/735f8cee650e7c8f1ec8a9077525decb.webp" alt="SHIB 7-day price chart. Source: Finbold
" class="wp-image-157939" srcset="https://cdn.thebittimes.com/images/2024/02/29/735f8cee650e7c8f1ec8a9077525decb.webp 1024w, https://cdn.thebittimes.com/images/2024/02/29/735f8cee650e7c8f1ec8a9077525decb.webp 300w, https://cdn.thebittimes.com/images/2024/02/29/735f8cee650e7c8f1ec8a9077525decb.webp 768w, https://cdn.thebittimes.com/images/2024/02/29/735f8cee650e7c8f1ec8a9077525decb.webp 1200w" sizes="(max-width: 1024px) 100vw, 1024px">
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   SHIB 7-day price chart. Source: Finbold
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 <p class="paragraph">In addition to surging by 56.36% in the last month, its market capitalization skyrocketed by an impressive $1.97 billion in just one day, reaching $8.59 billion before retracing to the current total of $8.24 billion.</p>
 <h2 class="wp-block-heading" id="what-would-1000-invested-in-shib-be-worth-now">What would $1,000 invested in SHIB be worth now?</h2>
 <p class="paragraph">If you were one of the patient traders who held SHIB since the <a rel="noopener noreferrer nofollow" title="start" href="https://thebittimes.com/tag/start.html">start</a> of 2024, despite its numerous unsuccessful attempts to surpass the $0.00001 resistance level, you’d now be enjoying a handsome profit thanks to this meme coin.</p>
 <p class="paragraph">For instance, if you bought $1,000 worth of Shiba Inu during the New Year holidays, by February 29, it would be valued at $1,342, resulting in a profit of $342 added to your investment portfolio.</p>
 <p class="paragraph">Based on data from <em>IntoTheBlock</em>, more than 56% of Shiba Inu holders are enjoying investment gains. This marks a significant shift from September of last year when around 90% of SHIB investors found themselves in a loss position.</p>
 <p class="paragraph"><strong><em>Disclaimer:</em></strong><em> The content on this site should not be considered investment advice. Investing is speculative. When investing, your capital is at risk.</em></p>
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<p>Source: <a rel="noopener noreferrer nofollow" target="_blank" href="https://thebittimes.com/1-000-invested-in-shib-at-start-of-2024-returned-tbt81190.html">https://thebittimes.com/1-000-invested-in-shib-at-start-of-2024-returned-tbt81190.html</a></p>

$1,000 invested in SHIB at start of 2024 returned

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