Will the second largest meme token Shiba Inu (SHIB) be bought at these levels? All the details you need to know about Shiba. In the cryptocurrency markets, until the third quarter of last year, trading volume was mainly in meme tokens. After that, the NFT and the metaverse stormed the markets. But meme tokens have not been forgotten yet and new sweepstakes are likely in the near future.
The debut price of the Shiba coin
When I made my first purchase of Shiba in April, the price was still around $0.00000005. The opportunity to earn about 1000% came to me, but I said goodbye to the Shiba coins in my hand with an increase of about 400%. If I had waited until the end of October, my $400 would have reached about $400,000. But at the same time, I also had several investments in tokens similar to Shiba Inu. While almost all of them were at a loss, Shiba Coin was lucky that the meme was widely accepted by the token community. By investing in meme tokens, you can get a 1000% chance of winning. However, it is often impossible to invest in the right project at the right time and sell the purchased tokens on time.
So, how much would you earn if you bought a shiba inu (SHIB) in early August 2020? In those days, Shiba Coin was worth 0.000000000159 dollars. The daily trading volume was only in the range of 20-30 thousand dollars. Shiba Coin, which is still known to very few, has enriched a few investors today. If you had bought at the above price in early August 2020, you would have earned 10,000% today. Thus, your $100 investment will reach $10,000,000,000,000. Approximately 146 million 900 thousand Turkish lira in the account.
Who does Shiba belong to?
Discovered by an anonymous name, Shiba Coin was first launched in August 2020. It was developed by a developer under the pseudonym Ryoshi. Like many other meme tokens, Elon Musk had a great influence on its popularity. One day, Elon Musk said he would buy a dog shiba inu, the Dogecoin mascot. If Elon Musk accidentally mentions the token in his posts, this is enough for manipulation. After announcing that he would adopt a shiba inu dog, Elon Musk suddenly became a victim of SHIB Coin manipulation. Stories that Musk would buy Shiba after Dogecoin and announce it with such an encrypted message were spread on Twitter.
Of course, this was not true, and Elon Musk denied it. But for the meme token community, the truth is “what they believe,” so it didn’t matter if Musk denied these claims. Elon Musk got a shiba inu dog and named it Floki. Yes, there is a meme token with the same name.