User Discloses Profit by Holding Shiba Inu Rather than Cash in Bank

Data shows that the most resilient Shiba Inu owners currently achieve an impressive ROI of 1,865,428% compared to risk-averse savings account holders.

Shiba Inu remains a widely followed cryptocurrency, with millions of holders.More than 105 individual cities in the United States. SHIB rose to fame amidst its meme-inspired origins, which brought huge profits to the hold.

However, during market downturns, meme cryptocurrencies such as Shiba Inu tend to experience steeper declines than other crypto asset classes. For example, the seventh largest cryptocurrency, XRP, crashed 10% between April 21st and May 1st, from $0.53 to $0.48. During the same period, the Shiba Inu plummeted 26.22%.

This raises the question of whether it is wise to invest in tokens like Shiba Inu, or cryptocurrencies in general, compared to the more conservative strategy of leaving your money in a bank and earning interest with a lower risk of principal depletion. bring about

Comparison of investment in Shiba Inu and banks

Latest news from Business Insider findings It shows that the typical annual percentage yield (APY) for a standard U.S. savings account varies between 0.01% and 0.3%. Digital banking platforms like Bask Bank and UFB Direct offer even more generous APYs of as much as 5.25%.

Still, these rates are modest compared to the returns from owning a Shiba Inu in previous years. An individual who purchased a Shiba Inu just one year ago when he paid $0.000009379 has now earned a staggering 158% profit and the current value of the asset is $0.00002509.

Meanwhile, the investment experienced significant volatility throughout the year, losing more than 30% when the price fell to $0.000006555.

– Advertisement –

Conversely, investments also surged over 400% at the peak when SHIB reached $0.000045. Overall, at current values, a Shiba Inu owner will hold his investment more than twice as much after one year. Surprisingly, the more an individual owns the asset, the greater the benefits of owning a Shiba Inu.

Investor achieved 340% ROI after holding SHIB for 783 days

One pseudonym Strictly speaking, this person entered the SHIB market during a bearish period, but revealed a return of around 340%.

He stressed that if he had kept the money in the bank, his profit would have been 5%, ignoring the effects of inflation.

Longest holder with 1,865,428% return

Interestingly, investors who have never liquidated their Shiba Inu investment since its initial acquisition in 2020 would currently achieve an impressive ROI of 1,865,428%, according to CoinMarketCap data. This means that if he invested $100 in a Shiba Inu four years ago, he now has close to $2 million.

Disclaimer: This content is informational and should not be considered financial advice. The views expressed in this article may include the personal opinions of the author and do not reflect the opinions of The Crypto Basic. We encourage our readers to conduct thorough research before making any investment decisions. Crypto Basic is not responsible for any financial losses.


Related Article


Leave a Comment