How a $100 a week investment in Shiba Inu became $641 million

We find that investing $100 in Shiba Inu every week from August 2020 onwards could grow to $641 million by 2024, a growth rate of 3,241,253%.

Since its debut in August 2020, Shiba Inu has shown impressive progress as a cryptocurrency investment, catching the attention of both new and experienced investors.

Its rise from obscurity to fame in just over a year is a testament to the unpredictable nature of the cryptocurrency industry. As a result, many investors who recognized Shiba Inu’s potential early on have seen huge gains on their investments, demonstrating the benefits of regular and consistent investment.

$100 a week in benefits would amount to $641.78 million

According to data from CryptoDCA, if you consistently invested $100 per week from August 2020 to this month, your total investment would be $19,800. However, what’s noteworthy is the growth of your investment: during this period, your portfolio’s value skyrocketed to $641.78 million, a staggering growth rate of about 3,241,253%.

Conversely, if an investor chooses to invest $100 per week from Shiba Inu’s launch through its all-time high (ATH) in October 2021, their total investment would be $6,500. The return on this investment would be even more impressive: at its peak, the portfolio’s value would skyrocket to an astounding $1.239 billion, representing a staggering growth rate of 19,064,676%.

Shiba Inu price trends and forecasts

At the time of writing, Shiba Inu Bitcoin has seen a notable rebound, with its price increasing by 8.43% over the past 24 hours and reclaiming the crucial $0.00025 price level. The cryptocurrency is currently trading above its 50-day exponential moving average (EMA) at $0.00002577.

This price level has become a solid support and it is essential to maintain this rise. It marks a small retreat of 7.36% from the previous week, but a monthly increase of 3.85%. Moreover, 24-hour trading volume increased by 38.05% to $891,844,698.

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Despite the recent decline, several analysts are predicting a strong recovery for the Shiba Inu in the coming weeks. analysis A feature article in The Crypto Basic features the views of William, a well-known Bitcoin expert who predicts that Shiba Inu will rise significantly in value. According to William, Shiba Inu’s target price is predicted to reach $0.05, which represents a staggering increase of 193,774%.