$1,000 investment in Shiba Inu turns into $19 million in October 2022

Numbers are magic, and numbers are magic in the world of cryptocurrencies. A $1000 investment can make someone a millionaire, and the same amount can turn into $0 in a day. Only a handful of investors have seized the opportunity for the cryptocurrency market to reap life-changing returns and generational wealth. There is no guarantee that one can make millions by repeating the strategies of already successful investors. Every path is different, and early Shiba investors have their own success stories to tell for a lifetime.

Early Shiba Inu investors who held the token were sitting on massive profits, while later investors struggled. Investors who put money into SHIB in 2020 saw their portfolios soar, while those who entered in late 2021 suffered losses.

Also read: Shiba Inu: Will Shibarium Burn 100 Trillion Tokens? Shytoshi responds

Shiba Inu: $1,000 in 2020 to $19 million in 2022

Euler Finance allows Shiba Inu investors to earn interest on their holdingsSource: Pixabay

Shiba Inu was trading at $0.000000000510 (nine “zeros”) in its inception, with another zero added by the end of 2020. If you invested $1,000 worth of Shiba Inu in August 2020, on today, October 25, 2022, you would have made $19,607,843.

However, that same $1,000 investment turned into $55 million in October 2021 after SHIB surged 1,000% in the same month. In October last year, SHIB reached an all-time high of $0.00008616, which has brought good returns to early investors.

Also read: Can Shiba Inu make you a millionaire by 2030?this is your answer

Source: Overwatch Masters

Still, early investors holding a $55 million portfolio in 2021 reached $19.6 million in October 2022. SHIB is down nearly 88% from its all-time high as its profits are sizable.

Developments have shown that sticking to the long-term can bring the desired results. In addition, long-term holdings can also kill profits, as the market is like a hacksaw that cuts in both directions.

ALSO READ: Shiba Inu: ShibaEternity Criticized by Community, Calls Shibarium Instead

At press time, the Shiba Inu was trading at $0.00001, down 0.2% in 24-hour trading.

Source of information: Compiled from WATCHER by 0x Information.The copyright belongs to the author Vinod Dsouza and may not be reproduced without permission

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