Widely followed investor Farmercist references Shiba Inu spectacular performance to highlight how the right entry in the crypto market can create generational wealth.
In a recent X post, Farmercist emphasized Shiba Inu’s ability to maintain impressive stats since its inception.
Shiba Inu Outstanding Performance
He noted that Shiba Inu launched as a joke in August 2020, with each token initially valued at around $0.000000000056. Fourteen months later, in October 2021, Shiba Inu reached an all-time high of $0.00008616, an increase of over 153 million percent. This rally turned early investments into life-changing gains.
To provide perspective, Farmercist illustrated how a $100 investment in Shiba Inu at launch would have grown over time. According to him, an investment of $100 would have purchased approximately 1.785 quadrillion SHIB at the initial price of $0.000000000056.
Although Shiba Inu has declined significantly from its peak, that $100 investment would still be worth an impressive $24.28 million today. At its peak price of $0.00008616, the same $100 investment would have been worth over $153 million.
While Shiba Inu has dropped more than 85% from its all-time high, the token continues to maintain a market cap of over $8 billion. Notably, Farmercist finds Shiba Inu’s stats fascinating, especially considering the token’s sustained relevance compared to most meme-based tokens that have faded into obscurity.
One Right Entry Can Help You Retire
He suggested that Shiba Inu’s incredible performance demonstrates how a single well-timed entry can help investors retire early. This underscores the idea that perfectly timing the market and buying an asset at a low price can position investors for life-changing returns.
However, he questioned whether investors and the community have the patience to hold the token long enough to experience the next major rally.
Shiba Inu’s 2021 rally came with significant challenges, leading some early investors to sell too soon. Like every crypto asset, Shiba Inu experienced major price swings in its early days.
For instance, when Ethereum co-founder Vitalik Buterin donated 50 trillion SHIB to charity and burned 410 trillion tokens, the market initially reacted with fear, worried that a massive sell-off could trigger a crash.
Shortly after, Shiba Inu defied expectations, embarking on a stunning rally that culminated in its all-time high of $0.00008616 just five months after Buterin’s donation.
Can SHIB Still Turn $100 into $24M?
Meanwhile, in today’s market, the chances of Shiba Inu repeating history—turning $100 into $24 million—are slim. Specifically, it would require the coin to eliminate all its zeros and trade above $3, something many consider unrealistic.
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.
