Shiba Inu (SHIB) is a cryptocurrency that emerged in August 2020 and has become one of the leading projects in the crypto world. Initially traded at a price of $0.000000000056, it gained traction by following in the footsteps of Dogecoin. In October 2021, it reached an all-time high of $0.00008616.
Following its initial rise, SHIB continues to trade at significantly higher levels according to the current market value. However, it is not expected to repeat strong price movements in the near future.
Currently, SHIB is trading at a price of $0.00000931, representing a decrease of 89.43% from its all-time high. Nevertheless, compared to the initial price, SHIB has shown an increase of approximately 16.3 million percent.
According to analysis, investors who bought SHIB on the first day have received significant returns on their investments. For example, a $20,000 investment at the initial price of $0.000000000056 would have amounted to over 357 trillion SHIB tokens, and a holder who has not sold them so far would have achieved an investment of approximately $3 billion at current prices.
Recent reports indicate that Shiba Inu has witnessed significant expansion in the past few days. This expansion is supported by whale activities and an optimistic outlook for the crypto market. Additionally, there have been notable improvements in SHIB transaction numbers. A 3257% increase in whale transactions has brought the token closer to removing a zero and retesting prices above $0.00001.