By The Numbers: What $1000 In SHIB Is Worth Now
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