The stock market has remained one of the biggest money creators globally for more far-reaching than any American has been alive.
Stocks might not be the top-performing asset each year. However, they’ve consistently exceeded bonds, housing, and other investment tools over the very long term. The benchmark S&P 500 has averaged a yearly sum return, including dividends, of greater than 11% following the start of 1980.
But beyond the preceding couple of years, several brand-name cryptocurrencies have moved circles around Wall Street.
Bitcoin’s gains from its introduction more than a decade ago are impressive. However, it’s the return of Shiba Inu (CRYPTO: SHIB) since its debut last year that is truly jaw-dropping.
How much $100 invested in Shiba Inu is meriting now
Meme coin Shiba Inu original scored select cryptocurrency exchanges for trading on Aug. 1, 2020, with an initial-day print of $0.00000000051 by a token. Late in the evening of Oct. 31, SHIB tokens were being acquired at $0.00007163. It might be challenging to do the math with all of those zeroes. However, this 15-month growth following its debut relates to 14,044,998%. For example, the S&P 500 is higher, around 41%, over the same period.
To put this enormous development into the scene, think you had the money, stomach, and luck to finance $100 into SHIB on Aug. 1, 2020, at the above-stated price and held for the past 15 months. Your $100 investment would now be worth $14,045,098. Yes, above $14 million! This would purposefully place you in the top 1% of the most affluent American households, which has a cutoff of around $11 million.
How precisely does a $100 investment change into a $14 million moonshot in 15 months?
This is what’s pushed Shiba Inu’s historic gain
One factor operating in SHIB’s favor is heightened awareness. Over the preceding 15 months, an increasing number of cryptocurrency exchanges have registered Shiba Inu for trading. There are even rumors that leading crypto exchange and ecosystem Coinbase Global will post SHIB at some point in the not-too-distant future. This isn’t a far-fetched idea, reflecting Shiba Inu is now the ninth-largest digital currency by market cap.
The July launch of decentralized exchange ShibaSwap has also performed a role in SHIB’s moonshot to the skies. ShibaSwap enables investors to stake their coins to earn profit. Though staking is nothing new in the cryptocurrency scene, it’s a crucial step in boosting investors to hold on to their SHIB tokens for more extended periods. Having more long-term Shiba Inu investors should occur in more scattered violent price swings.