Shiba Inu (SHIB) has massive volatility that made many of its early users millionaires, and market watchers believe the token still has the tendency to repeat the sequence.
The appearance of Shiba Inu in August 2020 brought with it a huge fortune that turned many who bought the token early into millionaires. As a high-priced altcoin, a small cash investment in SHIB at launch is enough to give many the financial freedom they crave.
With a weekly investment of $100 into SHIB from the time of launch until the ATH price skyrocketed on October 28, 2021, the narrative when it comes to reward potentials changes drastically.
How much can a weekly injection of $100 in SHIB contribute to ATH?
As noted, a weekly $100 investment in Shiba Inu from the time of its launch would have amounted to $6,400 by the time the token recorded its ATH. Compounding investments in this way would have helped investors increase their portfolio by up to $1.38 billion.
At the time of writing, the market price of SHIB is worth $0.00000834 after hitting an increase of 2.84% overnight. Despite Shiba Inu’s current bleak outlook, it has soared 10,239,385.43% from its lowest recorded price of 0.00000000008165 according to data from CoinMarketCap.
As huge as this growth seems, many in the cryptocurrency world believe they have missed the boat on cashing in early on Shiba Inu. However, investors should note that the token’s volatility may still help it. Print more bullish price increases in the future.
There are projections positing that the token will reach 1 cent within a decade, a valuation that users who pump in $100 now can still capitalize on with the potential to earn millions in return later.
The problem with SHIB supply
Shiba Inu’s ambitious plan to reach the 1 cent price is almost impossible with its current circulating supply of 589,346,914,631,298 SHIB. If supply is not reduced, achieving this bullish price target will be economically unrealistic as the market capitalization will skyrocket beyond a reasonable threshold.
To avoid this, you need to adopt an aggressive deflationary system. SHIB removes a reasonable amount of the token from circulation by burning it. Additionally, core developers have hinted at plans to integrate a burn portal on Shibarium to help ease the burn. However, the extent of the contribution of these initiatives remains to be seen.
