📈 Fed's first cut since 2020: Time to buy the dip? See Tech-focused stock picksUnlock AI Picks

If You Invest $100 In Shiba Inu Today, Here's How Much You'll Have If The Doge-Killer Returns To All-Time Highs

Published 20/03/2022, 13:02
If You Invest $100 In Shiba Inu Today, Here's How Much You'll Have If The Doge-Killer Returns To All-Time Highs
IXIC
-

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 became a trending cryptocurrency in October 2021 and hit an all-time high price of $0.00008845.

The coin trended on Twitter Inc (NYSE: NYSE:TWTR) and Alphabet (NASDAQ:GOOGL) Inc’s (NASDAQ: GOOG)(NASDAQ: GOOGL) Google search engine, with fans of the coin calling for it to hit 1 cent.

The value of Shiba Inu fell in 2022 and is now well off its highs.

The coin still continues to see strong interest from new cryptocurrency traders and has also built a loyal following.

The calls continue for additional cryptocurrency platforms like Robinhood Markets Inc (NASDAQ: NASDAQ:HOOD) to join the list of companies that includes Coinbase (NASDAQ:COIN) Global Inc (NASDAQ: COIN) in offering Shiba Inu for trading.

Additional platforms could boost interest and make the coin more accessible.

Related Link: How To Buy Shiba Inu

Investing $100: A $100 investment in Shiba Inu could purchase 4,189,359 coins based on the current price of $0.00002387 at the time of writing.

If Shiba Inu could get back to its all-time high of $0.00008845, the $100 investment would turn into $370.55, marking a return of 271%.

Shiba Inu has a market capitalization of $13.2 billion, ranking 15th and placing it just behind popular "meme crypto" Dogecoin (CRYPTO: DOGE), which ranks 13th.

© 2022 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.

Read the original article on Benzinga

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.