Shiba Inu (SHIB) turned the fortunes of many early investors around with three unique millionaire-making success stories.
The digital currency ecosystem is a venue to make a lot of money for traders who know what they are doing and also get lucky. The speculative nature of the industry has made it a place where parabolic growth can come in days, weeks, and months, marking the trend for Shiba Inu in its early days.
Despite its current bearish twist, Shiba Inu has recorded a jump of 10845519.55% from its All-Time Low price of $0.00000000008165. Some investors caught some of this mega surge, and here are the stories of three lucky investors from 2020.
The SHIB Millionaire Stories
In 2020, a trucker took a leap of faith and invested $650 into Shiba Inu. As a new token at the time, Shiba Inu had a lot of room to grow, and in a few months, the $650 investment turned into $1.7 million, printing a growth rate of 261,438%. The token erased five zeroes from its price to make this parabolic surge possible. After the valuation jump, the SHIB investor resigned as a trucker, according to an account from his employer.
As an industry with no barriers to entry of any boundaries, a 35-year-old manager also got a huge piece of the cake when his $8,000 investment jumped by 70,000%. After this parabolic jump, this manager withdrew $500,000 in May 2021 and sold another $1 million tranche in October when the price touched its All-Time High of $0.00008616.
Two brothers from New York also got their big breakthrough from Shiba Inu with a $7,900 investment during the COVID-19 pandemic lockdowns in early 2020. Their investment turned out to be $9 million after a 113,824% growth.
Is it Still Possible to Become a SHIB Millionaire?
Per the current growth pace of Shiba Inu, it is clear the days of mega growth are over, as small investments in SHIB no longer have a big sway on the valuation of the coin in general.
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However, proponents are still nursing the idea that bigger breakthroughs are ahead for SHIB, with the possibility it can touch $0.01 in the future. The Crypto Basic has a series of articles on the amount to invest to become a Shiba Inu millionaire in the future that are worth checking out.
This anticipation drives a lot of positioning from SHIB investors who are determined to have their millionaire stories inscribed in the memecoin Hall of Fame.