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Breaking News: Major Win For Memecoins: SEC Affirms They Typically Do Not Qualify As Securities
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Breaking News: Major Win For Memecoins: SEC Affirms They Typically Do Not Qualify As Securities

By The Numbers: What $1000 In SHIB Is Worth Now

Keshav Verma
Keshav Verma
3 years ago
3 mins read
Shiba Inu SHIB

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Created by industry experts and meticulously reviewed
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Shiba Inu’s latest rally has taken the coin to a profit of 1000% over the last month. Here’s how much money you would have made if you had invested $1000 during different points in SHIB’s history.

Shiba Inu Is Up 1000% In The Last Thirty Days

The entire crypto market has been rallying up this past month and many coins, including Bitcoin and Ethereum, have set new all-time highs (ATHs).

But the most impressive of all has to be Shiba Inu’s rally that has taken the coin up 1000% over the last thirty days alone.

The DOGE clone’s gains have been the talk around the crypto community these past few days and people have been wishing they had invested into it earlier.

So, how much money would they have made if they had indeed invested earlier? Well, here is, in pure numbers, how much $1000 in the memecoin would be worth today if the coin was bought…

Five Days Ago

SHIB is up around 112% over the last five days so that the $1000 investment would turn into $2120 by today. That’s more than double the initial value.

That’s great, but the gain doesn’t sound too absurd in crypto terms. So let’s go back a little further to…

One Month Ago

As mentioned before, the coin is up 1000% in the last month alone. This means that if someone had invested $1000 into the coin at that time, then the same would be worth $11,000 today.

Related Reading | Bitcoin Exchange Balances Decline To Three-Year Low Amid Rising Prices

Okay, that’s amazing, but what if someone had invested even earlier? Like…

Maybe Eleven Months Ago?

A Twitter user puts into perspective, just how much $1000 in the crypto that was bought eleven months ago would be worth today:

https://twitter.com/scoinaldo/status/1453420094311346178?s=21

$1.2 billion from just $1000 means this is a 119999900% increase over the initial investment! Now, THAT is impressive.

Related Reading | Why Shiba Inu (SHIB) Rallied 266% Following Biggest Dump In Its History

There is someone who did a real trade like this, but that was done even earlier, over 400 days ago. This Twitter user explains it:

This wallet bought roughly $8,000 of $SHIB last August.

It's now worth $5.7 billion.

From $8,000 to $5.7 billion in roughly 400 days.

We may actually be looking at the greatest individual trade of all time. pic.twitter.com/LtdgQ83bKP

— Morning Brew ☕️ (@MorningBrew) October 27, 2021

From $8000 to $5.7 billion. In just 400 days. Only in crypto!

SHIB And DOGE Fight For 9th Place In Top 10 Crypto List

Shiba Inu’s rally has put the coin’s market cap head to head with that of Dogecoin‘s and both the memecoins are fighting for the ninth position in the top ten list now.

Here is how the two coins compare at the time of writing:

Shiba Inu SHIB Vs Dogecoin DOGE

DOGE is currently leading the market cap charts | Source: CoinMarketCap

Here is the rally that put the coin in the position needed to fight DOGE for its spot in the market:

Shiba Inu SHIB Price Chart

Shiba Inu's price explodes up in the last month | Source: SHIBUSD on TradingView
Featured image from Unsplash.com, charts from TradingView.com
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Keshav Verma
Keshav Verma

Keshav Verma

Keshav is currently a senior writer at NewsBTC and has been attached to the website since June 14, 2021.

Read more

Keshav has been writing for many years, first as a hobbyist and later as a freelancer. He has experience working in a variety of niches, even fiction at one point, but the cryptocurrency industry has been the longest he has been attached to.

In terms of official educational qualifications, Keshav holds a bachelor’s degree in Physics from one of the premier institutes of India, the University of Delhi (DU). He started the degree with an aim of eventually making a career in Physics, but the onset of COVID led to a shift in plans. The virus meant that the college classes had to be delivered in the online-mode and with it came free time for him to explore other passions.

Initially only seeking to make some beer money, Keshav unexpectedly landed clients offering real projects, after which there was no looking back. Writing was something he had always enjoyed and to be able to do it for a living was like a dream come true.

Keshav completed his Physics degree in 2022 and has been focusing on his writing career since, but that doesn’t mean his passion for Physics has ended. He eventually plans to re-enter university to obtain a masters degree in the same field, but perhaps only to satiate his own interest rather than for using it as a means to find employment..

Keshav has found blockchain and its concepts fascinating ever since he started going down the rabbit-hole back in 2020. On-chain analysis in particular has been something he likes to research more about, which is why his NewsBTC pieces tend to involve it in some form.

Being of the science background, Keshav likes if concepts are clear and consistent, so he generally explains the indicators he talks about in a bit of detail so that the readers can perhaps come out having understood and learnt something new.

As for hobbies, Keshav is super into football, anime, and videogames. He enjoys football not only as a watcher, but also as a player. For games, Keshav generally tends towards enjoying singleplayer adventures, with EA FC (formerly FIFA) being the only online game he is active in. Though, perhaps due to being ultra-focused on the game, he is today a semi-pro on the EA FC scene, regularly participating in tournaments and sometimes even taking back prize money.

Because of his enthusiasm for anime and games, he also self-learned Japanese along the way to consume some of the untranslated gems out there. The skill didn’t merely remain as just a hobby, either, as he put it to productive use during his exploration for small-time gigs at the start of COVID, fulfilling a couple of Japanese-to-English translation jobs.

Keshav is also big into fitness, with agility and acceleration-related workouts making a big part of his program due to the relevance they have in football. On top of that, he also has a more traditional strength based program for the gym, which he does to maintain an overall fitness level of his body.

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Disclaimer: The information found on NewsBTC is for educational purposes only. It does not represent the opinions of NewsBTC on whether to buy, sell or hold any investments and naturally investing carries risks. You are advised to conduct your own research before making any investment decisions. Use information provided on this website entirely at your own risk.

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Reason to trust

Strict editorial policy that focuses on accuracy, relevance, and impartiality
Created by industry experts and meticulously reviewed
The highest standards in reporting and publishing
How Our News is Made

Strict editorial policy that focuses on accuracy, relevance, and impartiality

Ad discliamer

Morbi pretium leo et nisl aliquam mollis. Quisque arcu lorem, ultricies quis pellentesque nec, ullamcorper eu odio.

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