Can Investing $1,000 in Shiba Inu Make You a Millionaire?
Shiba Inu (CRYPTO: SHIB) opened in 2021 at a price of $0.0000000000773 per token. By the end of that year, it reached $0.000035, which was a mind-boggling gain of 45,278,000%.
That would have been enough to turn a perfectly timed investment of $1,000 into $452 million. However, it's unlikely that investors could have bought $1,000 worth of Shiba Inu tokens at the opening price in 2021, because trading volume was extremely thin. With that said, an investment of just $3 would have made you a millionaire!
Shiba Inu has since plunged 73% from its all-time high. It has recovered some ground recently as sentiment improves across the crypto landscape, but could $1,000 invested today eventually make you a millionaire?
Source Fool.com
