Getting into a project early is one of the most significant steps to make big returns. Shiba Inu (SHIB) is one such project where early investors made massive returns with minimal investments. The asset’s price skyrocketed during the 2021 bull run. SHIB rallied by many million percent. Small investors with regular jobs made generational wealth within a very short time.
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Just $1500 In Shiba Inu Would Have Given You $30 Million Today
If you put in $1500 in SHIB in August 2020, the investment would have been worth $30.9 million today. Your portfolio would have grown by 2,062,095% (2.06 million percent).
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SHIB hit an all-time high of $0.00008616 on Oct. 28, 2021. If you had sold the $1500 worth of SHIB when the asset was at its peak, you would have made $155.55 million. In this scenario, your portfolio would have grown by 10,303,317.81% (10.30 million percent).
Can You Still Become A Millionaire With The Cryptocurrency?
One of the most significant catalysts for SHIB’s incredible performance in 2021 was Vitalik Buterin’s token burn. The Ethereum co-founder received half of SHIB’s supply upon launch. Buterin decided to burn 90% of the coins he received. His actions led to a significant dip in supply. At the time, SHIB’s demand was also high. High demand and low supply caused a massive price spike for the coin.
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There are still about 589 trillion Shiba Inu (SHIB) tokens in circulation. The large supply presents a substantial barrier to the asset’s price. If the team can undertake another burn initiative, we could witness another massive rally. Burns alone will not push SHIB’s price. There has to be considerable demand for prices to rally.
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