Early Shiba Inu investors made phenomenal money with a mere $100 or more in the dog-themed token. SHIB rallied hard between 2020 and October 2021, when early holders made life-changing gains in less than a year. The token was among the top-performing assets during that time and turned even a simple $100 investment into gold.
What if you had taken an entry position in SHIB just days after it launched in 2020? In this article, we will highlight how much money you could have made today with an investment of $103 in August 2020.
Shiba Inu: $103 Turns To $1 Million
Source: Newtraderu.com
Shiba Inu commands a sea of fanfare as investors are deeply rooting for its success. Investors firmly believed that SHIB would hit the $0.01 mark sooner or later and satisfy their financial aspirations.
Shiba Inu spiked nearly 85,000,000% (85 million percent) between August 2020 and October 2021. If you had invested $103 on August 2, 2020, when SHIB was at nine ‘zeroes’, you could have accumulated nearly 100 billion tokens.
If the same 100 billion tokens were held today, the $103 invested in August 2020 would have been worth more than $1 million. That’s a phenomenal return on investment that not even Bitcoin, Ethereum, or the stock markets could have delivered. The $103 to $1 million is an uptick of approximately 977,837% in just three years.
However, the past is not the gateway to the future, and SHIB has slim chances of repeating its success. Whether SHIB will breach the 1-Cent mark and make present investors millionaires or not, only time can answer.
At press time, Shiba Inu was trading at $0.00001050 and was down 0.2% in the 24-hour day trade. SHIB is also down close to 88% from its all-time high of $0.00008616, which it reached in October 2021.
TORONTO – Canada’s main stock index was up more than 100 points in late-morning trading, helped by strength in base metal and utility stocks, while U.S. stock markets were mixed.
The S&P/TSX composite index was up 103.40 points at 24,542.48.
In New York, the Dow Jones industrial average was up 192.31 points at 42,932.73. The S&P 500 index was up 7.14 points at 5,822.40, while the Nasdaq composite was down 9.03 points at 18,306.56.
The Canadian dollar traded for 72.61 cents US compared with 72.44 cents US on Tuesday.
The November crude oil contract was down 71 cents at US$69.87 per barrel and the November natural gas contract was down eight cents at US$2.42 per mmBTU.
The December gold contract was up US$7.20 at US$2,686.10 an ounce and the December copper contract was up a penny at US$4.35 a pound.
This report by The Canadian Press was first published Oct. 16, 2024.
TORONTO – Canada’s main stock index was up more than 200 points in late-morning trading, while U.S. stock markets were also headed higher.
The S&P/TSX composite index was up 205.86 points at 24,508.12.
In New York, the Dow Jones industrial average was up 336.62 points at 42,790.74. The S&P 500 index was up 34.19 points at 5,814.24, while the Nasdaq composite was up 60.27 points at 18.342.32.
The Canadian dollar traded for 72.61 cents US compared with 72.71 cents US on Thursday.
The November crude oil contract was down 15 cents at US$75.70 per barrel and the November natural gas contract was down two cents at US$2.65 per mmBTU.
The December gold contract was down US$29.60 at US$2,668.90 an ounce and the December copper contract was up four cents at US$4.47 a pound.
This report by The Canadian Press was first published Oct. 11, 2024.
TORONTO – Canada’s main stock index was little changed in late-morning trading as the financial sector fell, but energy and base metal stocks moved higher.
The S&P/TSX composite index was up 0.05 of a point at 24,224.95.
In New York, the Dow Jones industrial average was down 94.31 points at 42,417.69. The S&P 500 index was down 10.91 points at 5,781.13, while the Nasdaq composite was down 29.59 points at 18,262.03.
The Canadian dollar traded for 72.71 cents US compared with 73.05 cents US on Wednesday.
The November crude oil contract was up US$1.69 at US$74.93 per barrel and the November natural gas contract was up a penny at US$2.67 per mmBTU.
The December gold contract was up US$14.70 at US$2,640.70 an ounce and the December copper contract was up two cents at US$4.42 a pound.
This report by The Canadian Press was first published Oct. 10, 2024.
