Shiba Inu ($SHIB ), one of the most popular cryptocurrencies, was launched in August 2020 and has become one of the top 15 cryptocurrencies. Here's what you need to know 👇

💎 What happened:

Shiba Inu launched on the Ethereum ($ETH) network as a Dogecoin-inspired cryptocurrency. It later created a decentralized exchange called ShibaSwap, which includes tokens like BONE and LEASH. It is now traded on major platforms like Coinbase, Kraken, and Robinhood.

💎 The numbers:

Launch Price (August 2020): $0.00000000051 per token

$100 investment at launch: you could have bought 196,078,431,373 SHIB

Value Today: At the current price of $0.0002027, your $100 would now be worth $3,974,509.80

All-time high: In October 2021, SHIB reached $0.00008845. At its peak, that $100 investment would have been worth $17,343,137.25!

💎 And then:

Shiba Inu developer Shytoshi Kusama discusses new developments, including a stablecoin called SHI. SHIB’s increasing burn rate has fueled recent gains, with the coin up 12% in a day and 44% in a week.

💎 Remember:

This is a prime example of how small investments in cryptocurrencies can turn into massive returns. While not all cryptocurrencies work this way, Shiba Inu shows that early investments in cryptocurrencies can yield incredible rewards.

💎 SHIB Price Action:

52-week range: $0.000006688 to $0.00004534

As Shiba Inu continues to innovate, optimism grows about the next big move for this meme currency. 🚀

$SHIB