Ethereum

Shiba Inu

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 <p>Shiba Inu (SHIB) has come a long way since its launch in August 2020. The token has not only seen a drastic increase in popularity but has also entered the top 20 crypto projects by market cap. Although the token is down by more than 90% from its all-time high, its price is still significantly higher than when it was first launched.</p> 
 <p>When SHIB made its debut in 2020, it was trading for about $0.00000000051. If an investor had purchased $100 worth of SHIB, they would have gotten about 196,078,431,373 SHIB. Fast forward to 2023, and the same investment would have been worth around $1.42 million. The figure translates to a growth of about 1427350%.</p> 
 <p><strong>Also Read: Shiba Inu: ChatGPT Predicts When SHIB Will Hit $0.9</strong></p> 
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 <p>However, if an investor had sold during Shiba Inu’s (SHIB) peak price of 0.00008616, the same $100 investment would have been worth a whopping $16.8 million, a growth of around 16894017%.</p> 
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 <h3 class="wp-block-heading" id="h-can-you-still-become-a-millionaire-with-a-100-investment-in-shiba-inu">Can you still become a millionaire with a $100 investment in Shiba Inu?</h3> 
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  <img decoding="async" width="1024" height="683" src="https://cdn.thebittimes.com/images/2023/09/21/ad7d042e61f98bdf29aa93d09acee733.webp" alt="Shiba Inu" class="wp-image-110372" srcset="https://cdn.thebittimes.com/images/2023/09/21/ad7d042e61f98bdf29aa93d09acee733.webp 1024w, https://cdn.thebittimes.com/images/2023/09/21/ad7d042e61f98bdf29aa93d09acee733.webp 300w, https://cdn.thebittimes.com/images/2023/09/21/ad7d042e61f98bdf29aa93d09acee733.webp 768w, https://cdn.thebittimes.com/images/2023/09/21/ad7d042e61f98bdf29aa93d09acee733.webp 380w, https://cdn.thebittimes.com/images/2023/09/21/ad7d042e61f98bdf29aa93d09acee733.webp 550w, https://cdn.thebittimes.com/images/2023/09/21/ad7d042e61f98bdf29aa93d09acee733.webp 800w, https://cdn.thebittimes.com/images/2023/09/21/ad7d042e61f98bdf29aa93d09acee733.webp 1160w, https://cdn.thebittimes.com/images/2023/09/21/ad7d042e61f98bdf29aa93d09acee733.webp 1200w" sizes="(max-width: 1024px) 100vw, 1024px"> 
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    Source: CoinGape 
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 <p>$100 will get an investor about 1373626 SHIB tokens. Even if Shiba Inu (SHIB) reached its all-time high once again, this investment would only become about $118. Although there is nothing wrong with making a profit of only 18%, it is nowhere close to SHIB’s earlier gains.</p> 
 <p><strong>Also Read: Shiba Inu: Machine Learning Tool Predicts SHIB Price For Sept. 30</strong></p> 
 <p>SHIB’s stellar performance through 2020 and 2021 could be attributed to many factors. However, one major factor was Ethereum (ETH) co-founder Vitalk Buterin burning almost half the SHIB supply. Buterin received half the supply when it was launched, and he decided to burn 90% of the tokens he received. He then donated about $1 billion worth of SHIB to India’s COVID-19 relief. If Shiba Inu (SHIB) can manage to undertake another burn of such magnitude, we could potentially see another rally like that of 2021. At press time, SHIB was trading at $0.00000728, down by 0.4% in the last 24 hours.</p> 
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<div class="cs-entry__tags"> 
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  <li>shiba inu</li> 
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<p>Source: <a rel="noopener noreferrer nofollow" target="_blank" href="https://thebittimes.com/shiba-inu-if-you-invested-100-upon-launch-here-s-your-profit-tbt63567.html">https://thebittimes.com/shiba-inu-if-you-invested-100-upon-launch-here-s-your-profit-tbt63567.html</a></p>

Shiba Inu: If You Invested $100 Upon Launch, Here's Your Profit

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