Shiba Inu [SHIB] Over the past few years, the SHIB ecosystem has seen impeccable growth. Especially right after its launch, assets soared and millionaires were created. However, it seems that the days of SHIB creating millionaires are long gone, with the meme coin struggling at the level of $0.000017 at the time of writing. Over the past month, SHIB has fallen by 30%. Nevertheless, data shows that since 2020, a monthly investment of $1,000 could have made investors not only millionaires, but billionaires as well.
Using the DCA methodology, investing $1,000 per month from August 1, 2020 to July 2, 2024 would result in a total investment of $46,000. The maximum return would be $1.5 billion. This would increase the portfolio performance by an additional 3,292,889%.
Shiba Inu and DCA
A popular investment technique called dollar cost averaging (DCA) involves investing a set amount of money on an ongoing basis, independent of the price of the asset. It can be done monthly or quarterly, and is best suited for long-term investors rather than short-term traders. Using this tactic, some investors only invest if the price of the asset falls below their original investment amount.
This has been adopted by notable figures like Warren Buffett and Michael Saylor, but they used this strategy with stocks rather than cryptocurrencies.
Related article: Shiba Inu becomes first US listed company to implement SHIB payment
Current market situation of Shiba Inu
At the time of writing, SHIB was trading at $0.00001731, a 1.28% daily surge. The asset saw a 20% drop in trading volume to $155,867,375. According to IntoTheBlock, most SHIB investors were profitable. In the market, more than 51% of investors were profitable. A total of 47% were still drowning in a sea of ​​red.
Related article: Shiba Inu: Yayoi Kusama teases official personality reveal
