After a rather challenging seven days, Shiba Inu (SHIB) was seen starting the final week of March on a good note. The second largest meme coin showed signs of recovery. March has been a chaotic month for most assets in the cryptocurrency market. Over the past 30 days, SHIB recorded a drop of 16.87%. The asset went from trading at a high of $0.00001578 down to a low of $0.00001095. The community hopes to witness a change in the price of the meme coin.
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How Is Shiba Inu Trading Today?
Over the past day, SHIB recorded a price rise of 0.02%. Earlier today, the meme coin was priced at $0.00001309 before dipping to $0.00001276. At the time of writing, the asset saw a dainty recovery and was trading at $0.00001286.
Shiba Inu’s current price is a far cry from its all-time high. Back in 2021, SHIB managed to rise to its peak of $0.00008845. This was attained just a year after it was launched. Currently, the meme coin is priced 85% below this milestone. The chances of SHIB surging to this high anytime soon were rather bleak. But, the network has been making strides in building Shiba Inu’s utility. While Shibarium did not make a massive impact as expected by the team behind the project, it still added to its growth.
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Can $1 Be A Life Changing Investment?
At the asset’s current price, an investment of $1,000 can bring in 77,821,011.67 SHIB tokens. Investors could s notable returns if the meme coin manages to reclaim its peak. According to calculations, a $1,000 investment today could turn into $6,879.32 if Shiba Inu reaches its all-time high of $0.00008845. This represents a 587.93% return on the initial investment of $1,000.
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