Shiba Inu performed great in the first half of 2021, making early investors millionaires. At its inception in August 2020, SHIB traded the indices with nine ‘zeros’. Fast-forward to June 2021, SHIB defeated four ‘zeros’ in just 11 months and traded with just five ‘zeros’. The elimination of four “zeros” gave early investors a handful of gains and remained a prime investment. Learn how a truck driver made millions in 2021 investing $650 in Shiba Inu during launch.
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As of June 2021, Shiba Inu’s growth has stagnated. Stories of investors bringing in millions dwindled and the market tested investor patience. However, since June last year, SHIB has seen a tenfold increase in trading volume as it made headlines around the world. Ethereum founder Vitalik Buterin had donated billions into SHIB as India battled the second wave of Covid-19.
Since then, SHIB has attracted thousands of new and fledgling investors and created an army of investors.
How many ‘zeros’ removed Shiba Inu from July 2021 to 2022?
Shiba Inu traded five “zeros” in July 2021 with an average price of $0.00000685. The dog-themed token had just received wider mainstream press around this time last year and was all over the news. Trading volume increased dramatically during this period and popularity started to grow. SHIB challenged the popularity of its rival Dogecoin after Doge started falling in the indices after hitting its all-time high of $0.73.
However, Shiba Inu removed a ‘zero’ in October 2021 after it rose 1,000% and traded with four ‘zeros’ in the indices. Since then, SHIB has been in a downward spiral, losing all the profits it generated last year. Shiba Inu traded on the back foot in 2022 and the series of market crashes saw it add an extra ‘zero’ last month. so from trading with four ‘zeros’ SHIB added to ‘zero’ and trading with five ‘zeros’.
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So from July 2021 to 2022, Shiba Inu is now in the same place as last year with five ‘zeros’. However, it is about to remove another ‘zero’, but the crypto winter brings it back to five ‘zeros’.
At the time of writing, Shiba Inu was trading at $0.00000982 and is down 1.5% in 24-hour trading. SHIB is also down 88% from its all-time high of $0.00008616, which it reached in October last year.