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The post Shiba Inu Profit Strategy: Turn $100 a Month into $11.6 Million – Here’s How appeared first on Coinpedia Fintech News
Shiba Inu, the second-largest meme coin, shows signs of a significant rally in the coming weeks. All thanks to the recent Shiba Inu test of the DN404 hybrid token standard, which takes the best parts of both fungible and non-fungible tokens and puts them together in one token.
With its simple beginnings and meteoric rise, SHIB has become a symbol of the chance to make huge gains that can change your life. In this in-depth analysis, we look at how the price of SHIB has changed over time, looking at its past success and future investment potential.
Excited to know how investing $100 a month in a Shiba Inu can earn you $11.6 million? Let’s delve in.
Historical reference of SHIB performance
Know the basics, in January 2021, Shiba Inu came out with a price of $0.000000000077295. At this early stage, SHIB offered an interesting opportunity for investors who wanted to get into the crypto market. With its low price and high token supply, SHIB became the top choice for investors who could acquire vast quantities of tokens for a relatively lower price.
The Early Bet is on The Dollar-Cost Averaging Strategy
Many investors are drawn to SHIB because it can grow very quickly over time. On top of this, the Dollar-cost average (DCA), in which $100 was put into SHIB every month starting in January 2021, turned out to be a smart move for naive investors. Even though the crypto market is naturally unstable, this disciplined investment approach helped investors accumulate a large chunk of SHIB over time.
As the months rolled by, the price of SHIB went through big changes, with peaks and dips in its path. An investment of $3,800 spread out over 38 months was made possible by the DCA plan. Getting more and more SHIB tokens over time set the stage for big wins in the months to come.
Current Valuation
Right now, SHIB is selling at about $0.000009. After using the DCA method to buy 1.307 trillion tokens, they are now worth $11.69 million. This amazing surge shows how long-term investments can change things and how those who stick to their beliefs could benefit.
Peak Performance
Its peak was in November 2021, when SHIB hit an all-time high. This made the potential investment worth a staggering $87.6 million. As with all speculative investments, though, SHIB’s rise came with many consolidations and corrections. Even though the value of the asset has gone down since then, it is still a great example of how appealing SHIB is.
Alternate Scenario: Lump Sum Investment
While the DCA strategy proved effective, an alternate scenario pops up for consideration. The result would have been very different if the investor had put all $3,800 into SHIB in January 2021. Having bought 49.162 trillion SHIB tokens at the start, the investment is now worth more than $439.4 million. This hypothetical scenario highlights the potential for big returns when seizing opportune moments in the crypto space.
Are you ready to ride the SHIB Legacy?