Early Shiba Inu (SHIB) investors have reaped millions of dollars in profits. Moreover, some super early investors have even made over a billion dollars in returns. However, many boarded the SHIB boat much later after the “millionaire” stories went viral. Many investors began putting money into SHIB only after it hit its all-time high on Oct. 28, 2021.

If you had put $100 into Shiba Inu (SHIB) every week since its all-time high in October 2021, you would have invested $10,900. However, SHIB’s price has constantly fallen since its October 2021 highs, apart from a few sporadic rallies. The $10,900 invested would be worth about $7,763 in December 2023, a loss of around 28.7%.

2021년 10월 사상 최고치 이후 매주 시바견(SHIB)에 100달러를 투자했다면 10,900달러를 투자했을 것입니다. 그러나 SHIB의 가격은 몇 번의 산발적인 상승을 제외하고는 2021년 10월 최고치 이후 지속적으로 하락했습니다. 투자된 $10,900는 2023년 12월에 약 $7,763의 가치가 있으며 약 28.7%의 손실이 됩니다.

Also Read: Shiba Inu: Here is How High SHIB Prices May Reach In 2024

Can you still be a millionaire with Shiba Inu (SHIB)?

SHIB’s price has taken a toll since its October 2021 highs. In 2023, while other crypto projects have rallied by over 100%, memecoins, like Dogecoin (DOGE) and SHIB, have taken a back seat. However, fans and users still pursue the “one-cent dream.”

Also Read: Shiba Inu: $1.2 Million SHIB to be Burned, First Step to $0.01?

If Shiba Inu (SHIB) reaches a price of $0.01, it would translate to a growth of over 100,000%. Moreover, such growth is not something SHIB has not achieved before. From its launch in August 2020 to its all-time high in October 2021, SHIB’s price grew by many million percent. Hence, the project can grow 100,000% in the future.

시바견(SHIB)이 $0.01의 가격에 도달하면 100,000% 이상의 성장을 의미합니다. 더욱이 이러한 성장은 SHIB가 이전에 이루지 못한 것이 아닙니다. 2020년 8월 출시부터 2021년 10월 사상 최고치까지 SHIB의 가격은 수백만 퍼센트 상승했습니다. 따라서 프로젝트는 향후 100,000% 성장할 수 있습니다.

However, the team will need to reduce the token’s supply. Ethereum co-founder Vitalik Buterin had received half of SHIB’s supply after its launch. Buterin decided to burn 90% of the tokens he received. Buterin’s actions played a part in SHIB’s price rallying in 2021. The Shiba Inu (SHIB) team will need to carry out a burn of a similar magnitude if SHIB has to rally 100,000%.