Shiba Inu (SHIB) was the poster child of the crypto market’s 2021 bull run. The asset’s price had risen by many millions of percent within months of its debut. While Shiba Inu (SHIB) has seen a substantial price dip over the last few years, the asset’s returns since 2020 are still higher than Bitcoin (BTC) and Ethereum (ETH). Let’s discuss further.
Shiba Inu’s ROI Since 2020 Compared to Bitcoin and Ethereum
Shiba Inu (SHIB) was trading at around 0.000000000056 soon after its launch in August 2020. If you had invested $1000 in SHIB when it was trading at $0.000000000056, you would have received about 17,857,142,857,143 (17.85 trillion) coins. SHIB is currently trading at around $0.000013. The value of the 17.85 trillion coins is about $232.14 million. Your investment would have grown by around 23,213,900% (23.21 million percent).
When Shiba Inu (SHIB) was launched in August 2020, Bitcoin (BTC) was trading at around $11,300, according to CoinGecko. If you had invested $1000 in BTC when it was trading at $11,300, you would have received about 0.0885 BTC. BTC is currently trading at about $115,000. The value of 0.0885 BTC is around $10,176.99. In this scenario, your investment would have grown by roughly 917%. This is a far lesser increase than Shiba Inu’s (SHIB) 23.21 million percent growth.
According to CoinGecko, Ethereum (ETH) was trading at $346 on Aug. 1, 2020, the day of Shiba Inu’s (SHIB) launch. If you purchased $1000 worth of ETH when it was trading at $346, you would have received about 2.89 ETH. ETH is currently trading at around $4,514.85. The value of the 2.89 ETH has grown to about $13,043.54. In this scenario, your investment would have grown by 1204.35%. Again, this figure is far less than the growth delivered by Shiba Inu (SHIB).
Also Read: How Many Shiba Inu Holders Are Actually in Profit & Loss Today?
Shiba Inu (SHIB) was one of the best-performing financial assets from 2020 to 2021. Since hitting an all-time high in October 2021, SHIB’s price has faced substantial challenges. While early investors made millions, people who bought at the top are still sitting on losses.
