Shiba Inu: You Can Earn 1 Million Dollars With Just 10 Dollars In SHIB

There is no denying the legendary status of Shiba Inu (SHIB) among the projects that have turned ordinary people into millionaires. The incredible rally of this asset during the 2021 bull run left many investors speechless. The price of SHIB skyrocketed by millions of percent. The price hike has turned small investments into wealth for generations. 10 dollars in Shiba Inu can help you earn 1 million dollars If you buy SHIB worth $10 on August 2, 2020 and sell them when SHIB reaches its all-time high on October 28, 2021, your investment will be worth $1.03 million. The value of your investment portfolio will increase by 10,303,317.81% (10.30 million percent).

The price of SHIB has dropped by over 70% since the 2021 peak. If you continue to hold 10 dollars worth of SHIB, the investment would be valued at $333,048 today. In this case, the value of your investment portfolio would increase by 3,330,382.53% (3.33 million percent).

Can you become a millionaire with Memecoin? One of the most important catalysts for the astonishing price surge of Shiba Inu in 2021 was the burning of Vitalik Buterin's tokens. Buterin received half of the SHIB token supply upon its launch. The co-founder of Ethereum decided to burn 90% of the tokens he received. His actions led to a significant decrease in the token supply, causing a sudden price increase. There are still about 589 trillion tokens in circulation for the project. The massive supply of SHIB is a significant barrier to its price. If the team can reduce the token supply, we may see another significant price increase for this popular cryptocurrency. The main developer of Shiba Inu, Shytoshi Kusama, recently stated that burning alone will not drive up the asset price. The project also needs more acceptance and demand for the price to rise higher. If burning is accompanied by increased demand, we may witness another price surge similar to 2021.