$1,000 in Shiba Inu Dipped to $2, Then Went Up to $55 Million

It feels like a mix of magic and fairy tales in the cryptocurrency market, especially in the meme coin segment. For context, Shiba Inu traded with 9 zeroes during its launch in August 2020. It added an extra zero the very next month, in September.

Traders who invested $1,000 in Shiba Inu in August back then saw their holdings plunge to $2 in a month. That’s a sharp drop that can rattle investors’ bones, making them feel sick in the stomach. Not everyone can handle such a big crash, as it mostly gives traders anxiety and sleepless nights.

However, traders who managed to live through the anxiety and uncertainty were rewarded with not only profits but life-changing gains that could last a few generations. Yes, A $1,000 investment in Shiba Inu fell to $2 in a month, but for the next six to 12 months, it generated millions worth of money.

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Source: Newtraderu.comSource: Newtraderu.comThe $1,000 in August 2020 crashed to $2, the same investment hit a high of $3.7 million in April 2021. The portfolio also hit $17.2 million in May 2021, and finally reached an unprecedented high of $55.5 million in October of the same year. Shiba Inu went from 10 zeroes to four zeroes in just a year, rewarding the brave.

Source: WatcherGuruIt had reached an all-time high of $0.00008616 in October 2021, where it jumped 1,000% in a month. The token defied all price predictions, naysayers, and market odds, making traders take home millions of dollars. It was a dream come true for early investors who never imagined they could attain generational wealth in their lifetime. Sadly, SHIB is unable to replicate the success, but you never know, the meme currency segment is made on fairytales and a mix of magic.