If You Invested $10 Monthly In Shiba Inu Since 2021, You'd Now Be A Half-Millionaire — Here's How

Shiba Inu SHIB/USD, a cryptocurrency created as a playful rival to Dogecoin DOGE/USD, entered the cryptocurrency market three years ago and experienced several remarkable rallies.

SHIB Reaches All-Time High

In 2021, it peaked before encountering a significant downturn during bearish market conditions. Some important events, including a tweet from Tesla founder Elon Musk expressing interest in owning a Shiba pup and a substantial donation of Shiba Inu coins by Ethereum ETH/USD co-founder Vitalik Buterin to an Indian Covid Crypto Relief Fund, brought Shiba Inu back into the spotlight.

My Shiba Inu will be named Floki

— Elon Musk (@elonmusk) June 25, 2021

If you had invested just $10 monthly in Shiba Inu starting from the beginning of 2021, when it gained popularity, your total investment would have amounted to $330. 

However, the gains would have been absolutely extraordinary, with your portfolio value soaring to $566,580.70 today, data from CryptoDCA, a dollar-cost averaging calculator for cryptocurrencies, shows.

Dollar Cost Averaging (DCA) is an investment approach that involves regularly investing equal amounts of money at consistent intervals into a financial asset. This strategy helps eliminate emotional decision-making and promotes disciplined savings patterns. Regardless of the asset’s current price, the DCA method ensures that the same monetary amount is consistently used to make purchases.

At the time of writing, SHIB was trading at $0.000007238.

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Key Moments

April 2021 – Your $40 investment would have grown to $116,201, with a  growth rate of 290,402.50%.

May 2021 – Your $50 investment would have surged to $622,175.36, reflecting a growth rate of 1.2 million%.

October 2021 – By this time, your total investment would have reached $100, with your portfolio value skyrocketing to $5,329,567.69. 

January 2022 – By then, your investment would have grown to $130. The portfolio value would reach $1,672,878.30, reflecting a growth rate of 1,286,829.46%.

December 2022 – Continuing the investment journey, your investment would have reached $240. The portfolio value would be $619,617.60.

May 2023 – By this point, your investment would have grown to $290, resulting in a portfolio value of $684,179.81. The gains would be $683,889.81 or a growth rate of 235,924.07%.

September 2023 (Endpoint) – Since then, SHIB prices plunged, and your $330 total investment would have transformed into a value of $566,250.70, signifying a growth rate of 171,591.12%.

Photo by Dennis Diatel on Shutterstock

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