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.