United

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Polkadot

Impact

when

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 <p class="paragraph">About four years ago, the American government started issuing <a rel="dofollow" title="stimulus" href="https://thebittimes.com/tag/stimulus.html">stimulus</a> <a rel="dofollow" title="check" href="https://thebittimes.com/tag/check.html">check</a>s to help its citizens recover from the economic fallout of the COVID pandemic and related restrictions, and investing this money in various assets, including cryptocurrencies, was among the popular choices.</p> 
 <p class="paragraph">Indeed, the United States Internal Revenue Service (IRS) had issued the first round of the financial aid or Economic Impact Payments, under the Coronavirus Aid, Relief and Economic Act (CARES Act), in the amount of $1,200 (as well as an additional $500 for every child) starting in mid-April 2020.</p> 
 <h2 class="wp-block-heading" id="h-investing-stimulus-in-shib">Investing stimulus in SHIB</h2> 
 <p class="paragraph">For those who chose to invest their $1,200 stimulus check in like Shiba Inu (SHIB) in 2020, this would have been highly profitable, taking into account that the doge meme token came out in August 2020 and its price has risen a whopping 2.52 million percentage points since its launch.</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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  <img decoding="async" width="750" height="536" src="https://cdn.thebittimes.com/images/2024/06/04/d04aa620b85d88258f0eed2ae9f5f5ea.webp" alt="SHIB price all-time price chart. Source: Finbold" class="wp-image-180641" srcset="https://cdn.thebittimes.com/images/2024/06/04/d04aa620b85d88258f0eed2ae9f5f5ea.webp 750w, https://cdn.thebittimes.com/images/2024/06/04/d04aa620b85d88258f0eed2ae9f5f5ea.webp 300w" sizes="(max-width: 750px) 100vw, 750px">
  <figcaption class="wp-element-caption">
   <em>SHIB price all-time price chart. Source: </em><em>Finbold</em>
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 <p class="paragraph">Specifically, investing $1,200 in Shiba Inu at the time of its launch in 2020, when its price was practically next-to-nothing (or about $0.00000000017) would mean that today, it would be worth close to $30.24 million, providing massive profit for those who decide to sell it at its current price.</p> 
 <h2 class="wp-block-heading" id="h-shib-price-analysis">SHIB price analysis</h2> 
 <p class="paragraph">Currently, the SHIB price at press time reflects a decline of 5.30% in the last 24 hours while also losing 3.67% across the previous seven days, and adding up to the 3.44% drop on its monthly chart, whereas it has gained 130.65% since the year’s turn, as per data on June 4.</p> 
 <p class="paragraph">Meanwhile, the SHIB burn rate has spiked by a massive 10,990%, burning more than 21 million SHIB tokens in one transaction, according to SHIB burn rate tracker <em>Shibburn</em>, possibly the result of increased activity in the ecosystem and SHIB burn initiatives by the community, signaling potential price gains.</p> 
 <figure class="wp-block-image size-full">
  <img decoding="async" width="675" height="408" src="https://cdn.thebittimes.com/images/2024/06/04/e5d540b738ddaae2a0824cd050cdb2b1.webp" alt="SHIB burn rate 24-hour chart. Source: Shibburn" class="wp-image-180642" srcset="https://cdn.thebittimes.com/images/2024/06/04/e5d540b738ddaae2a0824cd050cdb2b1.webp 675w, https://cdn.thebittimes.com/images/2024/06/04/e5d540b738ddaae2a0824cd050cdb2b1.webp 300w" sizes="(max-width: 675px) 100vw, 675px">
  <figcaption class="wp-element-caption">
   <em>SHIB burn rate 24-hour chart. Source: </em><em>Shibburn</em>
  </figcaption>
 </figure> 
 <p class="paragraph">In conclusion, investing in this crypto when the US government started issuing the $1,200 <a rel="dofollow" title="stimulus" href="https://thebittimes.com/tag/stimulus.html">stimulus</a> <a rel="dofollow" title="check" href="https://thebittimes.com/tag/check.html">check</a>s in 2020 would have been highly lucrative as it has since risen to become the 11th-largest asset in the crypto sector by market capitalization, and certain indicators suggest it could continue to grow.</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> 
</div> 
<p>Source: <a rel="dofollow" target="_blank" href="https://thebittimes.com/if-you-bought-shib-with-your-1-200-stimulus-check-in-2020-you-d-now-have-this-much-tbt91247.html">https://thebittimes.com/if-you-bought-shib-with-your-1-200-stimulus-check-in-2020-you-d-now-have-this-much-tbt91247.html</a></p>

If you bought SHIB with your $1,200 stimulus check in 2020 you’d now have this much

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