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Shiba Inu Holder Reveals Jaw-Dropping 1,865,428% ROI, Surpassing Bank Savings

John KumiBy 0Edited by John Kiguru 8. May 20243 Mins Read
Shibarium
Rostock, Germany - november 09, 2021: woman holding one Shiba inu token, coin with Shibainu symbol, concept of investing and trading in Shiba token
  • Debate on choosing between tokens like Shiba Inu and a conservative strategy of depositing money in banks for better yield has been put to bed in an interesting twist.
  • Banks are reported to have a typical annual yield of between 0.01% and 0.3% while Shiba Inu alone has a 1,865,428% ROI. 

Shiba Inu (SHIB) made a groundbreaking entry into the crypto market, accumulating unexpected returns to become one of the greatest financial gains in crypto history in just a year.

Currently, its number of holders is in the millions, surpassing the population of more than 105 cities in the US. However, the asset has entered into a severe bearish phase, declining by 4% in the last 24 hours, and 15% in the last 30 days. Between April 21 and May 1, Shiba Inu lost 26% of its value. Within the same period, XRP declined by 10%, falling from $0.53 to $0.48. 

With this prolonged bloodbath within the crypto sector, the comparison between investing in this asset class and a more conservative strategy of depositing money in a bank for interest has been triggered. 

To critically analyze this motion, a recent finding by Business Insider was reviewed, and was confirmed that a typical annual percentage yield (APY) of banks usually varies between 0.01% and 0.3%. Interestingly, Bask Bank, UFB Direct, and other digital banking platforms provide more substantial APYs as high as 5.25%. Comparatively, an individual who purchased Shiba Inu at $0.000009379 a year ago would have a 158% gain at a current price of $0.00002509. On the other hand, the asset experienced significant volatility within the period including a 30% fall to $0.000006555 and a 400% surge to $0.000045. 

Shiba Inu has an Incredible ROI

Joining this discussion was an X user who claimed to have held Shiba Inu for 783 days, and had an approximate return of 340%. According to him, his funds in the bank would have earned him 5% gains without considering the inflationary pressure. 

Held $SHIB for 783 days, it provided me with about 340% completely idle profit. In the bank, it would have given me less than 5% of my profit. Today I swapped it all to $KENDU. The community is tight, ambitious, and very engaged.

Data from CoinMarketCap (CMC) also estimates that individuals who never liquidated their Shiba Inu since its acquisition in 2021 will have a Return on Investment (ROI) of 1,865,428% at the time of writing. This implies that a $100 investment on the meme coin would be worth $2 million today. 

Shiba Inu Investor Reports Astounding 1,865,428% ROI, Exceeding Traditional Bank Returns

In a NASDAQ report, it is mentioned that Shiba Inu was trading at $0.000000000077 on January 1, 2021. At the current price of $0.00002392, a $100 investment in January 2021 would be worth $31 million. For those who had the crystal ball and sold their asset on October 28, 2021, when it peaked at $0.00008841, they would have made $114.8 million. 

Over the past couple of years, the team behind the meme coin has sought to back the project with real-world use cases, influencing the launch of a layer 2 blockchain solution Shibarium. Its resilience and incredible evolution have made it the 11th-largest crypto and the second-largest meme coin with a market cap of $14 billion. 

 

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This article is provided for informational purposes only and is not intended as investment advice. The content does not constitute a recommendation to buy, sell, or hold any securities or financial instruments. Readers should conduct their own research and consult with financial advisors before making investment decisions. The information presented may not be current and could become outdated.

John is a seasoned cryptocurrency and blockchain writer and researcher, boasting an extensive track record of years immersed in the ever-evolving digital frontier. With a profound interest in the dynamic landscape of emerging startups, tokens, and the intricate interplay of demand and supply within the crypto realm, John brings a wealth of knowledge to the table. His academic background is marked by a Bachelor's degree in Geography and Economics, a unique blend that has equipped him with a multifaceted perspective. This diverse educational foundation allows John to dissect the geographical and economic factors influencing the cryptocurrency market, offering insights that go beyond the surface. John's dedication to the crypto and blockchain space is not merely professional but also personal, as he possesses a genuine passion for the technologies that underpin this revolutionary industry. With his astute research skills and commitment to staying at the forefront of industry trends, John is a trusted voice in the world of cryptocurrencies, helping readers navigate the complex and rapidly changing terrain of digital assets and blockchain innovation. John Kiguru is an accomplished editor with a strong affinity for all things blockchain and crypto. Leveraging his editorial expertise, he brings clarity and coherence to complex topics within the decentralized technology sphere. With a meticulous approach, John refines and enhances content, ensuring that each piece resonates with the audience. John earned his Bachelor's degree in Business, Management, Marketing, and Related Support Services from the University of Nairobi. His academic background enriches his ability to grasp and communicate intricate concepts within the blockchain and cryptocurrency space. Business Email: info@crypto-news-flash.com Phone: +49 160 92211628

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