Investors who bought SHIB in September 2020 worth US$1 thousand, today will make a profit of US$133 million, or an increase of 133 thousand times.
Several years ago, the crypto market was hit hard by the COVID-19 pandemic. The global financial sector is suffering and 2020 will be the year that all asset prices experience major weakness.
Advantages of Buying SHIB
The crypto asset market is also experiencing crashes when the COVID-19 pandemic hit giving crypto investors a difficult time. Bitcoins (BTC) had reached a low price of US$3,858 after previously being at a high price of almost US$20 thousand.
Interestingly, Shiba Inu launched in August 2020 and provides interesting opportunities for investors.
During the pandemic, the Shiba Inu (SHIB) price plummeted and reached US$0.000000000082 on September 1, 2020. A year later in October 2021, the meme coin reached all-time high for US$0.00008616 according to CoinGecko data.
Investors who buy US$1,000 worth of SHIB in 2020 will reap cuan big at the moment.
A year after the pandemic hit, the crypto market experienced a strong recovery and a number of crypto assets managed to soar.
As the crypto market began to recover after the COVID-19 pandemic and the citizens of the United States were given financial stimulus, crypto assets became a popular investment choice in 2021.
Sector memecoins which is increasingly popular among crypto investors cannot be denied. Crypto assets like Dogecoin (DOGE) and SHIB have attracted the most enthusiastic support community in the entire crypto industry.
One of the soaring crypto tokens is SHIB, coin memes which provides an opportunity cuan big for investors when it launches in August 2020.
After launching, SHIB was trading at US$0.00000000052 but struggled to gain momentum. However, it wasn’t long before in early 2021, SHIB became an extremely popular token, and reached a price all-time high in that year.
Based on the current price of US$0.00001095, investing in SHIB at an initial low price provides cuan outstanding. Teacher Watcher reported, SHIB’s US$1 thousand investment in 2020 would be worth US$133.35 million today.
This is proof that SHIB was a good investment choice at that time. [ed]