If Shiba Inu replicates even a fraction of his 2020/2021 uptrend, investors holding between 100,000 and 1 million SHIB could see impressive gains.
The broader crypto market has been in a state of flux, with prices collapsing as much as they appreciate. This has led to increased market uncertainty, with Shiba Inu being one of the victims of the resulting range-bound movements.
Confidence in Shiba Inu Despite Uncertainty
Despite the current state of things, market participants have maintained confidence in Shiba Inu. For instance, over the past four days, IntoTheBlock data shows that whale netflow has been persistently positive, indicating that inflows into whale addresses have repeatedly outpaced outflows.
Shiba Inu Whale Netflow | IntoTheBlock
Specifically, from Feb. 20 to 23, Shiba Inu whale netflow has amounted to 443.78 billion tokens, with the latest figure being 67.64 billion SHIB on Feb. 23. The last time Shiba Inu saw a negative whale netflow was on Feb. 19. This points to optimism among key stakeholders amid the price uncertainty.
Notably, the optimism is largely due to Shiba Inu’s historical price performance, especially during the 2020/2021 bull run. Some believe SHIB could set itself up for massive gains if it can replicate only a portion of this historic run.
Why Holding 100K to 1M SHIB Could be Life-changing
As these expectations become more prevalent, The Crypto Basic recently assessed how much those holding a modest 100,000 to 1 million SHIB could secure as returns if the meme coin repeated anything similar to the 2021 rally. For context, an investor would only need to spend $1.49 to buy 100,000 SHIB today, and $14.98 to procure 1 million tokens.
For this assessment, The Crypto Basic considered Shiba Inu’s upsurge from February to October 2021. Within this period, the meme coin secured an impressive 2,210,150% gain, as it soared to the all-time high of $0.000088 by October. However, this uptrend was only a portion of its massive surge from 2020 to 2021.
Shiba Inu 2021 Uptrend
If Shiba Inu repeats only half of the 2,210,150% gain, it will skyrocket by a massive 1,105,075% rate. With SHIB currently changing hands at $0.00001498, such an increase would push its price to $0.1655, essentially eliminating four leading zeros.
Notably, at this price, the 100,000 SHIB tokens would be worth $16,555, a massive gain from the meager $1.49 initial value. In addition, the worth of the 1 million tokens would increase from the current $14.98 to $165,555.
However, it is important to note that such a massive uptrend is highly unlikely for Shiba Inu, given its current circulating supply and market position. Despite this, the assessment calls attention to the meme coin’s potential, and how holding just a meager amount can be life-changing in the future, especially with the growth of its ecosystem.
