#SHIB (Shiba Inu) History Review
Investment Situation in 2020
On August 1, 2020, someone invested $1,000 in SHIB (Shiba Inu). However, by August 31, its price had dropped by 50%, and the investment amount was only left with $550. Worse, from September 30 to December 31, the price of this coin continued to decline, dropping by as much as 99.9%, leaving the initial $1,000 investment worth only $1.96.
During this time, there was a lot of criticism of SHIB in the market, with many people believing it was just a scam on the verge of collapsing, and some even chose to report it to the police due to dissatisfaction with its performance.
A Stunning Turnaround in 2021
Unexpectedly, investors who held onto the coin saw a huge turnaround in 2021:
- On January 31, the initial $1,000 had turned into $19,607.
- By March 31, its value further climbed to $98,039.
- On April 30, the surge was rapid, reaching $3,725,490.
- By May 31, it had reached $17,254,901.
- On June 30, its value was $16,274,509.
- By July 31, it still held $12,352,941.
- On August 31, it rose again to $14,117,647.
- On September 30, its value was $13,921,568.
- And on October 8, the initial $1,000 investment had astonishingly turned into $55,490,196.
Converted, the initial $1,000, after just a few months, appreciated to an enormous return of approximately 360 million RMB.
This dramatic history seems to convey a message to people: in the investment field, anything is possible. As long as you can buy in at a low point, even if you only invest $1, there may be a chance to achieve financial freedom. This is the top narrative of meme coins at $1. And now, the opportunity to surpass the classic SHIB is estimated to be the $1 meme coin, loving the country more, but loving the dollar more, a global consensus. With just $1, there is a chance to achieve financial freedom. For more details, please check my pinned content on Twitter.
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