A mere $50 investment in Shiba Inu at its recorded all-time low would be worth a fortune now, as its price has rallied by multiple folds since then.
Shiba Inu, the second-largest meme coin by market cap, has joined a recent broader market downtrend, correcting 7.20% in the past seven days. Its price’s sideways trend becomes even more visible in higher timeframes, with SHIB having retraced by a staggering 42% since the start of the year, as it dropped out of the top 20 cryptocurrency ranking by market cap.
Further, data show that 62% of Shiba Inu holders are now at a loss, another indicator of its glaring price underperformance. Nonetheless, those who bought Shiba Inu way back are still sitting on a goldmine despite recent trends.
Shiba Inu Up by Several Million Percent from Its All-Time Low
As earlier highlighted, Shiba Inu has grown exponentially from its early days, turning lucky buyers into multi-millionaires. Notably, there have been stories of users who recorded massive returns on investments by buying SHIB before the crowd did.
Specifically, CoinMarketCap data indicates that Shiba Inu hit $0.00000000008165, its lowest recorded price, in September 2020, which was a few months after its launch. This means that any user who caught that dip would be up by several million percent at the current price of $0.00001220.
How Much a $50 Investment at the Time Would Be Worth Now
Notably, from the recorded low of $0.00000000008165, SHIB has rallied by a staggering 14,836,211%. This would have been far higher when the meme coin rallied to its all-time high of $0.00008854 in October 2021.
For context, this would have culminated in a 1,083,692,471% rally, surpassing Bitcoin’s all-time increase from its recorded lowest price. Notably, such an uptick can create generational wealth for a patient holder who bought Shiba Inu at that time.
For context, a $50 investment from Shiba Inu’s all-time low would buy 612,369,871,402 SHIB at the time. Currently, that would account for roughly 0.0010% of Shiba Inu’s 589.24 trillion circulating supply and place the holder at 74th among the top holders.
Furthermore, the 612,369,871,402 SHIB would be worth $7.47 million at the current price of $0.00001220. This represents an impressive ROI on the $50 invested.
At Shiba Inu’s all-time high of $0.00008854, the $50 investment would have been worth a jaw-dropping $54.2 million. Notably, if analysis is anything to go by, and Shiba Inu reclaims or surpasses its current all-time high, diamond-handed whales who bought at its lows would record more insane portfolio upsides.
DisClamier: 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 opinion. Readers are encouraged to do thorough research before making any investment decisions. The Crypto Basic is not responsible for any financial losses.