$100 in Shiba Inu in 2020 Still Worth $24M Today Despite 85% Drop

Widely followed investor Farmercist references Shiba Inu spectacular performance to highlight how the right entry in the crypto market can create generational wealth

Shiba Inu Outstanding Performance

He noted that Shiba Inu launched as a joke in August 2020, with each token initially valued at around $0.000000000056. Fourteen months later, in October 2021, Shiba Inu reached an all-time high of $0.00008616, an increase of over 153 million percent. This rally turned early investments into life-changing gains.

While Shiba Inu has dropped more than 85% from its all-time high, the token continues to maintain a market cap of over $8 billion. Notably, Farmercist finds Shiba Inu’s stats fascinating, especially considering the token’s sustained relevance compared to most meme-based tokens that have faded into obscurity.

One Right Entry Can Help You Retire

He suggested that Shiba Inu’s incredible performance demonstrates how a single well-timed entry can help investors retire early. This underscores the idea that perfectly timing the market and buying an asset at a low price can position investors for life-changing returns.

However, he questioned whether investors and the community have the patience to hold the token long enough to experience the next major rally.

Shiba Inu’s 2021 rally came with significant challenges, leading some early investors to sell too soon. Like every crypto asset, Shiba Inu experienced major price swings in its early days.

For instance, when Ethereum co-founder Vitalik Buterin donated 50 trillion SHIB to charity and burned 410 trillion tokens, the market initially reacted with fear, worried that a massive sell-off could trigger a crash.

Shortly after, Shiba Inu defied expectations, embarking on a stunning rally that culminated in its all-time high of $0.00008616 just five months after Buterin’s donation.

Can SHIB Still Turn $100 into $24M?

Meanwhile, in today’s market, the chances of Shiba Inu repeating history—turning $100 into $24 million—are slim. Specifically, it would require the coin to eliminate all its zeros and trade above $3, something many consider unrealistic.