Weekly $100 in Shiba Inu Since Launch Now Worth $1.3 Billion

• Shiba Inu (SHIB): A Lucrative Investment for Early Adopters
• Investing in Shiba Inu (SHIB)
• Can Shiba Inu (SHIB) Still Make You a Millionaire?
• Shiba Inu's (SHIB) Bull Run Influenced by Token Burn
• Future Potential of Shiba Inu (SHIB)

Shiba Inu (SHIB): A Lucrative Investment for Early Adopters

Shiba Inu$0.000010 -2.05% (SHIB) has propelled a number of early backers into the millionaire and even billionaire category. Some investors have accumulated wealth exceeding a billion dollars. From its inception in August 2020 to its peak in October 2021, SHIB experienced an explosive surge of several million percent. Patient investors who held their positions were richly rewarded, while those who sold prematurely were left with regret.

Investing in Shiba Inu (SHIB)

The benefits of a disciplined investment strategy can be clearly seen in the case of Shiba Inu. Consider an investor who started investing $100 every week into SHIB in early August 2020 and maintained this approach until SHIB reached its all-time high on Oct. 21, 2021. Their total investment would have been $6,400. However, if they liquidated their holdings on Oct. 21, 2021, their portfolio would be worth an astounding $1.38 billion. This represents a growth of 21.5 million percent.

Can Shiba Inu (SHIB) Still Make You a Millionaire?

Despite the fact that SHIB has already made many investors very wealthy, some are concerned that they may have missed the boat. However, there is still potential for SHIB to rally by several thousand percent in the future.

Shiba Inu's (SHIB) Bull Run Influenced by Token Burn

During SHIB's last bull run, a major factor was the burning of half of SHIB's supply by Ethereum$2,315 -2.42% (ETH) co-founder Vitalik Buterin. Upon SHIB's launch, Buterin was given half of the total supply, of which he burned 90% and donated the remainder to charity. This significant burn had a major impact on SHIB's rally in 2021.

Future Potential of Shiba Inu (SHIB)

If SHIB is to repeat its remarkable rally of 2021, further substantial burns are necessary. Currently, the project has 589 trillion tokens circulating, making it challenging to reach higher prices without inflating the market cap to unrealistic levels. However, SHIB developers have acknowledged this and are reportedly developing a new burn mechanism that could potentially eliminate trillions of tokens annually.

Edited by Jonathan Stoker