If You Invested $100 In Shiba Inu When The Coin Was Launched, Here's How Much You'd Have Now

same corner shiba inu SHIB/USD is seeing rising value, with the cryptocurrency up 12% in the past day and 44% over the past week, thanks to a higher burn rate and a teaser from the coin's developer.

Here's a look at how much money people who entered at the beginning of Shiba Inu history would have made today.

What happened: Shiba Inu was launched as a cryptocurrency with a similar theme to Dogecoin DOGE/USD in August 2020. Today, the cryptocurrency is one of the 15 largest coins by market capitalization and has appeared in the top 10 from time to time.

Shiba Inu takes advantage of the Ethereum ETH/USD network and created a decentralized exchange called ShibaSwap, which includes tokens like BONE and LEASH.

Investors who became familiar with Shiba Inu early would have made great profits.

The cryptocurrency was launched in August 2020, and its earliest date included in price history is August 1, 2020, when it was trading at $0.00000000051 per token.

A $100 investment at that time could have purchased 196,078,431,373 Shiba Inu.

That investment would be worth a staggering $3,974,509.80 today, based on the current Shiba Inu price of $0.0002027.

Shiba Inu reached an all-time high of $0.00008845 in October 2021. At its peak, the $100 investment would have been worth $17,343,137.25.

Shiba Inu, which was previously only available on decentralized exchanges like Uniswap, has been added to several major cryptocurrency platforms like Coinbase, Kraken and Robinhood in 2021 and 2022.

Not all cryptocurrencies appreciate this much in value, and most have low trading volumes when they are first offered, making this type of investment outcome unlikely for most.

This is another example of why investing a small amount in cryptocurrencies could generate a large return over time.

What's next?: Optimism is growing again for Shiba Inu and meme coins are rising, which could benefit one of the largest meme coins in the sector.

Probably helping the SHIB rally is Shytoshi Kusamathe pseudonymous leader of the coin, shares a meme about X that could indicate optimism in the future.

Shiba Inu's marketing lead recently teased the launch of a stablecoin called Shiba Inu's SHI. The launch of a stablecoin and the increasing burn rate of SHIB could indicate increased attention to the meme coin in the coming months.

SHIB Price Action: Over the past 52 weeks, Shiba Inu has traded between $0.000006688 and $0.00004534.

This article was previously published by Benzinga and has been updated.

Photo: Shutterstock