If Shiba Inu Replicates Past Trends, Investors Could See Impressive Gains

The broader crypto market has been fluctuating, causing price collapses amidst some appreciation. This has resulted in increased uncertainty, affecting Shiba Inu with range-bound movements.

Confidence in Shiba Inu Despite Uncertainty

Market confidence in Shiba Inu persists. According to IntoTheBlock data, whale netflow has been positively consistent over the past four days, indicating that inflows to whale addresses outpace outflows.

Shiba Inu Whale Netflow | IntoTheBlock

From February 20 to 23, Shiba Inu’s whale netflow reached 443.78 billion tokens, with the latest figure being 67.64 billion SHIB on February 23. The last negative netflow occurred on February 19, suggesting optimism among major stakeholders despite price fluctuations.

This optimism stems from Shiba Inu’s strong historical performance during the 2020/2021 bull run; many believe SHIB could generate significant gains if it mirrors even a fraction of that growth.

Why Holding 100K to 1M SHIB Could be Life-Changing

With these expectations rising, The Crypto Basic analyzed potential returns for those holding between 100,000 and 1 million SHIB if the meme coin mirrors the 2021 rally. Currently, 100,000 SHIB costs approximately $1.49, while 1 million SHIB costs about $14.98.

Considering Shiba Inu’s increase from February to October 2021, where it achieved a staggering 2,210,150% gain reaching an all-time high of $0.000088 in October, even replicating 50% of this gain would result in a 1,105,075% increase. With SHIB currently priced at $0.00001498, this would drive the price to $0.1655, eliminating four leading zeros.

At this price, 100,000 SHIB tokens would hold a value of $16,555 from an initial investment of $1.49, while 1 million tokens would grow from $14.98 to $165,555.

However, it’s crucial to recognize that such extreme growth is unlikely, given its current market position and circulating supply. Nonetheless, the potential highlighted in this assessment points to how holding even a small amount of SHIB could transform fortunes in the future, particularly as the ecosystem expands.