What Shiba Inu Investors Should Know: Comprehensive Shiba Inu (SHIB) Review - COINTURK NEWS
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What Shiba Inu Investors Should Know: Comprehensive Shiba Inu (SHIB) Review

5:33 pm (55 days ago)
October 5, 2023

Shiba Inu is known for making many of its investors rich. This altcoin, which is touted as the killer of Dogecoin, has also hosted significant price increases due to its numerous zeros in its price. These surges have led to the emergence of unique stories. One investor who invested only $4,000 in the early days managed to acquire 7.54 trillion SHIB tokens during this period. The interesting part of the story was that he sold it very, very early.

What Happened with Shiba Inu?

During the period when this incident occurred, another SHIB investor, whose identity is still unknown, had made an $8,000 investment in Shiba Inu. By not selling during the bear market that followed, this investor might have created luck for himself. After SHIB reached its all-time high (ATH) of $0.00008616 in October 2021, he became incredibly wealthy.

Looking back, it was a stroke of luck for the investor who announced selling his 7.54 trillion Shiba Inu shares to take a different path from other investors. In a period when most cryptocurrency investors would not dare to wait for a long time, he did something that even short-term investors would not prefer, he remained patient. Other investors who managed to hold onto their SHIB tokens, like this person, also received the rewards for their patience.

In the early days, Shiba Inu was not seen as an acceptable option even for traders who wanted to have a daily income, let alone being a Dogecoin killer. The number of investors considering it as a long-term investment tool was almost negligible in an environment that even short-term investors did not prefer. Considering this situation, it can be explained why the mentioned investor may have sold his SHIBs much earlier and hastily.

7.54 Trillion SHIB Value at ATH and Current Price

The interpretation of what the mentioned investor achieved from his $4,000 SHIB investment remains a big question. Perhaps the investor, who was happy with the profit he made during the sale, could have become a millionaire by waiting a little longer until the ATH in 2021.

When SHIB reached its ATH in 2021, the 7.54 trillion SHIB tokens would have been worth $649,646,400. This could be expressed as a massive increase of 16,241,060%. Additionally, the investor stated that if he still had his SHIBs, his portfolio would be worth $70 million at current prices. This also suggests the possibility of other unaccounted cryptocurrency investments mentioned by the investor.

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