One of the cryptocurrencies that trended late in 2022 was Shiba Inu (CRYPTO: SHIB). Here’s a look at where the coin stands compared to its all-time high and what could be next.
What Happened: Shiba Inu launched in August 2020 as a similarly themed cryptocurrency to Dogecoin (CRYPTO: DOGE). The coin has quickly gained a following and is now one of the 15 largest cryptocurrencies by market cap.
Shiba Inu is part of a decentralized exchange called ShibaSwap, which also includes the tokens Leash and Bone.
A Shiba-Inu based NFT project called Shiboshis launched in November 2021.
Shiba Inu was previously only available on decentralized exchanges like Uniswap. The addition of Shiba Inu to cryptocurrency platforms like Coinbase, Kraken and Robinhood helped increase awareness of the coin and its valuation.
In late 2021, Shiba Inu became a trending cryptocurrency and hit an all-time high price. The coin trended on Twitter and Google searches. Fans of the cryptocurrency called for Shiba Inu to hit 1 cent.
Shiba Inu is up over 50% year-to-date in 2023, but remains well off of its highs hit in 2021. Here’s a look at how much an investment today could beworth if the coin returns to all-time highs.
Related Link: How To Buy Shiba Inu
Investing $100 in SHIB: A $100 investment in Shiba Inu today could purchase 7,390,983 coins based on the current price of $0.00001353 at the time of writing.
If Shiba Inu gets back to its all-time high of $0.00008845, the $100 investment would turn into $653.53, marking a return of 553.7%.
Shiba Inu has a market capitalization of $7.4 billion, ranking 13th among all cryptocurrencies.
There is no guarantee that Shiba Inu will return to its all-time highs, with some believing that 2021 marked the peak of many cryptocurrencies.
The hypothetical investment shows that a small investment could gain over time if the cryptocurrency market returns to highs.
Read Next: Shiba Inu Consolidates As Bitcoin Busts Through $25,000, What's Happening
© 2023 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
FAQs
If you invest $100 in Shiba Inu today and the value of the meme cryptocurrency increases due to high demand by investors, say up to 100%, you stand a chance to make a profit of $100. This is because Shiba Inu is a digital financial asset.
How much is $100 of Shiba Inu worth? ›
The current price of 100 US Dollar in Shiba Inu is 5.99M SHIB. The price is calculated based on rates on 15 exchanges and is continuously updated every few seconds.
How much would I have made if I invested in Shiba Inu? ›
How Much Would a $1,000 Investment Be Worth Today? If you had invested $1,000 in Shiba Inu crypto on Aug. 2, 2020, and sold it on Apr. 27, 2024, you would've reaped a profit of more than $24 million.
What if you invested $1000 in Shiba Inu? ›
Investing $1,000 in Shiba Inu at the current price of $0.0000242 would net you 41.3 million tokens. Simple math suggests those tokens would have to trade at $0.024 each for your position to be worth $1 million. In other words, Shiba Inu would have to deliver a gain of 99,900% from here.
How much will I make if shiba hits 1 cent? ›
Similarly, with an investment of $845, you could make $1 million if SHIB reaches $0.01. An investment of $845 at the current price of $0.0000845 would get you 100 million SHIB. Therefore, if you hold on to the 100M tokens and SHIB price surges to $0.01, your $845 investment today could turn into $1 million.
Will Shiba Inu coin make me a millionaire? ›
So yes, Shiba Inu once had millionaire-making potential. However, Shiba Inu is much better known these days, which could limit the future upside in the price. Shiba Inu's market cap is currently about $14 billion, down from $39 billion at its peak in 2021.
How much dogecoin for $100? ›
USD to DOGE
| Amount | Today at 8:13 am |
|---|
| 50 USD | 394.12 DOGE |
| 100 USD | 788.24 DOGE |
| 500 USD | 3,941.20 DOGE |
| 1,000 USD | 7,882.39 DOGE |
4 more rowsThe price of 1000000 Shiba Inu in the US is 16.84 USD. Additionally, Shiba Inu's price for 1000000 SHIB is 18.29 EUR in the eurozone, 21.66 GBP in the UK, 12.17 CAD in Canada, 11.04 AUD in Australia, 0.201090 INR in India, 0.012174 KRW in South Korea, and 19.08 CHF in Switzerland.
How many Shiba Inu makes $1 dollar? ›
Current USD to SHIB exchange rate
1 USD equals 61,349.69 SHIB. The current value of 1 United States Dollar is -1.54% against the exchange rate to SHIB in the last 24 hours. The current Shiba Inu market cap is $9.62B. Create a free Kraken account to instantly convert USD to SHIB today.
Who invested $8,000 in Shiba Inu? ›
A crypto investor bought about $8,000 worth of shiba inu coins in August 2020. Just over a year later, the $8,000 trade has morphed into a value of about $5.7 billion.
Shiba Inu (SHIB) Price Prediction 2030
| Year | Price |
|---|
| 2025 | $ 0.000017 |
| 2026 | $ 0.000018 |
| 2027 | $ 0.000019 |
| 2030 | $ 0.000022 |
1 more rowAccording to CryptoNewZ, the Shiba Inu token might have achieved the utility and adoption it promises by 2030, with a maximum predicted value of $0.0001 and a minimum predicted value $0.000033.
What is the best crypto to invest $1,000 dollars in? ›
CRYPTO: BTC
If you're looking to gain exposure to cryptocurrencies in your portfolio, it's best to keep things simple and focus on the most valuable digital asset out there. It shouldn't be a surprise that I'm talking about Bitcoin (BTC -1.55%). Here's why it's the ultimate cryptocurrency to buy with $1,000 today.
How much market cap does a Shiba need to hit $1? ›
Simple math dictates that at $1 per token, Shiba Inu would have a market cap of $589.29 trillion. In other words, it would be worth 196 times more than Microsoft, the most valuable company in the world.
How much is $5000 in Shiba Inu? ›
About Shiba Inu
| USD | SHIB |
|---|
| 1,000 USD | 62,439,262.4028 SHIB |
| 5,000 USD | 312,196,312.0143 SHIB |
| 10,000 USD | 624,392,624.0287 SHIB |
| 50,000 USD | 3,121,963,120.1436 SHIB |
7 more rowsTo put this into perspective, for an investor to reap the rewards of $1 million when SHIB reaches $0.01, an investment of $3,665 in SHIB today would be necessary. This comes as Shiba Inu experienced a surge of 50.3% on Monday. Over the past week, its gains have accelerated by 238.8%.
What happens if Shiba hits a dollar? ›
Simple math suggests that if Shiba Inu rose to $1, its market cap would then be $589.3 trillion. For context, that's more than the total wealth of every person on Earth, which stood at $454 trillion at the end of 2022, according to Credit Suisse.
How much Shiba Inu to make 100k? ›
Circling back to the $100,000 goal, at the hypothetical price of $0.0065, about 15.38 million SHIB would be needed to achieve that six-figure sum. With SHIB currently valued at $380 for that quantity, the math aligns to yield $100,000, Moving forward to the year 2040, Changelly speculates that SHIB could reach $0.02.
Should I put money in Shiba Inu? ›
Despite favourable circ*mstances in the broader crypto market, such as bitcoin's price surge, investing in Shiba Inu may not be a wise choice for everyone. Drozdz adds: “Despite a positive environment, such as increases in the price of Bitcoin, investing in Shiba Inu does not appear to be a good option at the moment.”
