Shiba Inu (SHIB) has undergone an evolution over the years and has become one of the most prominent projects in the crypto world. The project, which emerged in August 2020, skyrocketed and experienced incredible growth. This solidified its position in the market.
Current Status of Shiba Inu
According to CoinMarketCap, Shiba Inu (SHIB) started trading at around $0.000000000056, almost as a joke, following <a href="https://en.coin-turk.com/dogecoin-doge-investors-in-trouble-doge-price-predictions/”>Dogecoin’s footsteps in the crypto market. By October 2021, it reached an ATH of $0.00008616 before experiencing a magnificent rise when it reached the price level of $0.000000000056 in May 2021.
Despite its initial rise, Shiba Inu has continued to trade at significantly higher levels compared to its current market value. However, it seems unlikely that it will repeat its strong price movements in the near future.
As of now, SHIB is trading at $0.00000931, indicating a 89.43% decrease from its ATH. However, compared to its initial price, the current price of SHIB has seen an increase of approximately 16.3 million percent.
Based on the analysis above, it is evident that investors who bought SHIB on its first day have gained a tremendous return on investment (ROI). So, how much potential profit could be obtained from a $20,000 investment in SHIB, considering its initial price of $0.000000000056?
The Fate of a $20,000 Investment in SHIB
A $20,000 investment in Shiba Inu, purchased at $0.000000000056, would have equated to more than 357 trillion SHIB tokens at that time. Holding onto this massive amount of SHIB without selling until now would result in the investment reaching approximately $3 billion at current prices. Additionally, SHIB seems to be approaching zero with recent whale movements.
According to recent reports, Shiba Inu has witnessed significant expansion in the past few days. This expansion seems to be supported by whale activities, combined with an optimistic outlook for the crypto market.
There have also been noticeable improvements in SHIB transaction numbers. A 3,257% increase in whale transactions in Shiba Inu (SHIB) has brought the token closer to erasing a zero and potentially retesting prices above $0.00001.
It is important to note that SHIB has a supply of over 589 trillion tokens. If this obstacle, which is seen as a major hindrance to SHIB reaching higher price levels, is overcome, we may witness even greater price increases.
