By The Numbers: What $1000 In SHIB Is Worth Now
28 Octubre 2021 - 02:00PM
NEWSBTC
Shiba Inu’s latest rally has taken the coin to a profit of 1000%
over the last month. Here’s how much money you would have made if
you had invested $1000 during different points in SHIB’s history.
Shiba Inu Is Up 1000% In The Last Thirty Days The entire crypto
market has been rallying up this past month and many coins,
including Bitcoin and Ethereum, have set new all-time highs (ATHs).
But the most impressive of all has to be Shiba Inu’s rally that has
taken the coin up 1000% over the last thirty days alone. The DOGE
clone’s gains have been the talk around the crypto community these
past few days and people have been wishing they had invested into
it earlier. So, how much money would they have made if they had
indeed invested earlier? Well, here is, in pure numbers, how much
$1000 in the memecoin would be worth today if the coin was bought…
Five Days Ago SHIB is up around 112% over the last five days so
that the $1000 investment would turn into $2120 by today. That’s
more than double the initial value. That’s great, but the gain
doesn’t sound too absurd in crypto terms. So let’s go back a little
further to… One Month Ago As mentioned before, the coin is up 1000%
in the last month alone. This means that if someone had invested
$1000 into the coin at that time, then the same would be worth
$11,000 today. Related Reading | Bitcoin Exchange Balances
Decline To Three-Year Low Amid Rising Prices Okay, that’s amazing,
but what if someone had invested even earlier? Like… Maybe Eleven
Months Ago? A Twitter user puts into perspective, just how much
$1000 in the crypto that was bought eleven months ago would be
worth today: If you invested $1000 in $SHIB 11 months ago, you
would now have $1.2 BILLION FCKNG USD. This is just nuts. — Simon
Dedic (@scoinaldo) October 27, 2021 $1.2 billion from just $1000
means this is a 119999900% increase over the initial investment!
Now, THAT is impressive. Related Reading | Why Shiba Inu
(SHIB) Rallied 266% Following Biggest Dump In Its History There is
someone who did a real trade like this, but that was done even
earlier, over 400 days ago. This Twitter user explains it: This
wallet bought roughly $8,000 of $SHIB last August. It's now worth
$5.7 billion. From $8,000 to $5.7 billion in roughly 400 days. We
may actually be looking at the greatest individual trade of all
time. pic.twitter.com/LtdgQ83bKP — Morning Brew ☕️ (@MorningBrew)
October 27, 2021 From $8000 to $5.7 billion. In just 400 days. Only
in crypto! SHIB And DOGE Fight For 9th Place In Top 10 Crypto List
Shiba Inu’s rally has put the coin’s market cap head to head with
that of Dogecoin‘s and both the memecoins are fighting for the
ninth position in the top ten list now. Here is how the two coins
compare at the time of writing: DOGE is currently leading the
market cap charts | Source: CoinMarketCap Here is the rally that
put the coin in the position needed to fight DOGE for its spot in
the market: Shiba Inu's price explodes up in the last month |
Source: SHIBUSD on TradingView Featured image from Unsplash.com,
charts from TradingView.com
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