Shiba Inu Performance Over Years

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Shiba Inu Performance Over Years

Shiba Inu (Shib): How It Performed Over Last 5 Years

The Shiba Inu (SHIB) was made available on the market back in 2020. Unlike other memecoins, the Shiba Inu (SHIB) has very quickly earned a name for itself.

If there is any other popular memecoin besides the Dogecoin, it's the Shiba Inu (SHIB) without any doubt. The Shiba Inu (SHIB) is essentially an ERC-20 token and is built on top of the ETH blockchain.

Shiba Inu Made A High In 2021

However, the Shiba Inu (SHIB) has since gotten an upgrade after building its own L2 blockchain solution. This allows the Shiba Inu (SHIB) to bypass the ETH blockchain when it comes to conducting transactions.

Normally, everyone knows that cryptocurrencies are more volatile than stocks & other assets. However, memecoins tend to be more volatile than any other type of cryptocurrency!

quick look at the last 5 years shows that Shiba Inu (SHIB) was way more volatile than BTC. This also means that only those who can handle large swings (up and down) should consider the Shiba Inu (SHIB).

Five years ago, the price of Shiba Inu (SHIB) was $0.00000782. Back in 2021, the SHIB made a high of $0.00006704. Since then, the coin has been trying to reach its already established high again.

But it's all part of the game, and those who buy memecoins know about it. According to experts, the reason why the SHIB coin struggled was due to higher rates.

Even today, the Shiba Inu coin is up by 65% since its launch more than 5 years ago. However, its performance is not as great as the S&P 500, which is up by 95% during the same period.

This also makes one wonder if it's really wise to invest in memecoins, considering all the volatility and risks. After all, anyone could have made more money by sticking to the S&P 500 index.

And if someone had picked Nvidia five years ago over the Shiba Inu coin, they would have made a whole lot more money.

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