Shiba Inu (SHIB) is one of the most successful crypto projects of the last four years. Early investors made millions of dollars in profit. SHIB’s price skyrocketed during the 2021 bull run, rallying by many million percent.
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The Journey Of Shiba Inu (SHIB) Investments And Their Potential
The Growth Of SHIB Investments
If you had invested $1 biweekly in SHIB since its launch in August 2020, you would have put in $100 till now. Your portfolio’s value, however, would have risen to $2.73 million, a rise of about 2,733,398% (2.73 million percent).
The Impact Of Early Investments
On the other hand, if you had invested $1 biweekly till Shiba Inu (SHIB) hit an all-time high in October 2021, you would have put in $33. In this scenario, your portfolio would have grown to a whopping $5.7 million, a growth of 17,536,780% (17.53 million percent).
Source: CryptoDCA
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Can $1 Biweekly Investments in SHIB Still Make You a Millionaire?
Several factors led to SHIB’s price skyrocketing in 2021. One of the most significant catalysts was Ethereum co-founder Vitalik Buterin’s massive token burn. Buterin received half of SHIB’s supply upon launch.
Buterin decided to burn 90% of his received tokens and donate the rest to charity. His actions led to a sudden drop in SHIB’s supply, which consequently spiked the price.
Factors Contributing To SHIB’s Rise
The 2021 bull run also aided the asset’s incredible rise. Bitcoin (BTC), Ethereum (ETH), and most other major cryptocurrencies hit all-time highs in 2021, further boosting crypto adoption among people.
Shiba Inu (SHIB) still has 589 trillion tokens in circulation. If the team can pull off another major token burn, like the one undertaken by Buterin, we may witness another 2021-like rally.
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However, at this point, it is impossible to answer whether you can become a millionaire with $1 biweekly investments in SHIB.