Shiba Inu has been trading in the indices with four zeros, struggling to shed a zero for the past 18 months. However, in October 2021, SHIB experienced a remarkable spike of 1,000% in just 3 days, reaching an all-time high of $0.00008616 and successfully knocking out one of its zeros. Since then, the token has been unable to replicate its phenomenal rally and fluctuated or traded sideways throughout this year.
The lack of price growth has been testing the patience of investors who are seeing little to no progress in their portfolios. Although the once prominent shine of SHIB has faded, it hasn’t deterred many investors from continuing to buy the token.
In fact, some astute investors are taking advantage of the price dips and accumulating more SHIB tokens, hoping it will eventually shed another zero.
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In this article, we will explore the potential earnings from a hypothetical scenario where Shiba Inu, a cryptocurrency, were to remove a decimal point when purchasing $1,000 worth of SHIB at its present market value.
How Much Could You Earn with a $1,000 Investment if SHIB Deletes a Zero?
At its current trading price of $0.00001064, Shiba Inu has risen by approximately 3% in the past 24 hours. As a result, a $1,000 investment could yield an impressive accumulation of 95,147,478 (95+ million) SHIB tokens.
With the possibility of Shiba Inu rallying strongly and eliminating a ‘zero’ from its current price, a $1,000 investment could experience a meteoric rise. If SHIB were to trade at $0.0001 after deleting a ‘zero,’ the same initial investment would be worth $9,514.
This would represent a substantial increase of nearly 850% as the price shifts from four ‘zeroes’ to three ‘zeroes.’ For insights on when SHIB may remove its next ‘zero,’ refer to the linked article for a price prediction.
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As of the current press time, Shiba Inu (SHIB) is trading at $0.00001064, experiencing a 2.9% increase in the last 24 hours. However, it’s worth noting that SHIB has decreased by 87.80% from its all-time high of $0.00008616, which was achieved in October 2021.