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HomeCrypto NewsMarketCoinGecko: A $12 Shiba Inu Investment in 2021 Yielded $1M

CoinGecko: A $12 Shiba Inu Investment in 2021 Yielded $1M


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Upon analysis of the top meme coins in their glory days, CoinGecko found that investors would have needed $12 to make $1 million with Shiba Inu.

CoinGecko, a prominent cryptocurrency price-tracking platform, conducted a comprehensive analysis of the most popular meme coins during their peak periods. The study results reveal that Shiba Inu (SHIB) yielded the highest returns during its bullish phase, as investors could have potentially earned $1 million with a mere $12 investment.

The report, which was shared on Twitter today, analyzed ten assets, including but not limited to Shiba Inu, Dogecoin (DOGE), Floki (FLOKI), BabyDogeCoin (BABYDOGE), Pepe (PEPE), and ArbDoge AI (AIDOGE). 


CoinGecko’s study delved into the investment amounts required to yield a $1 million return. The findings indicate that Shiba Inu demanded the lowest investment, with a mere $12 being sufficient. DOGE and FLOKI ranked second and third, requiring investments of $820 and $4,508, respectively.

In contrast, relatively new meme coins like PEPE and AIDOGE demanded substantially higher investment amounts, surpassing the $100,000 threshold. PEPE, for instance, required an investment of $158,312 to generate a $1 million return, whereas AIDOGE necessitated an investment of $190,586 for the same yield.

In terms of duration, the findings revealed that investors would have had to hold onto their SHIB for 453 days to earn $1 million, which is comparatively higher than BONK, AIDOGE, and PEPE. However, the duration is significantly shorter than required for DOGE, which stands at 2,701 days.

Conclusively, CoinGecko mentioned that Shiba Inu had been the most successful meme coin to date, having increased by a remarkable 8,424,203 (or 84,242x) from its price at launch in August 2020 to its peak. This surge was partly triggered by the burn of 410 trillion SHIB from Vitalik Buterin. It remains to be seen whether the asset can stage a similar price surge in the event of sustained burns.

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Disclaimer: This content is informational and should not be considered financial advice. The views expressed in this article may include the author's personal opinions and do not reflect The Crypto Basic’s opinion. Readers are encouraged to do thorough research before making any investment decisions. The Crypto Basic is not responsible for any financial losses.



Mark Brennan
Mark Brennanhttps://thecryptobasic.com/
Mark Brennan has been active in the cryptocurrency sector since 2014. His love and passion for the nascent industry drove him to develop interest in writing about important developments and updates about cryptocurrencies and blockchain. Brennan, who holds a Masters degree in Business Administration, learned about the potential of blockchain technology. Aside from crypto journalism, Brennan runs an education center, where he educates people about the asset class.

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