Invest $8,000 to buy SHIB coins, lucky investors turn into billionaires, the price increases more than 700 times

Tram Ho

The story of multiplying your wealth by investing in cryptocurrencies is not uncommon, but multiplying your wealth many times like the one below is really rare, even the number of assets increased more than twice. many times won the lottery.

According to a post on Twitter Morning Brew, an e-wallet spent $8,000 to buy SHIB coin in August of last year. So far, the value of this e-wallet has reached an unbelievable level – $ 5.7 billion – increasing 712 times in just one year with almost nothing to do.

Đầu tư 8.000 USD mua coin SHIB, nhà đầu tư may mắn biến thành tỷ phú giá tăng hơn 700 lần - Ảnh 1.

This is thanks to the massive price increase of this cryptocurrency over the past year. August is also a time when almost no one knows about the existence of this cryptocurrency, according to Coinmarketcap, when it was only worth $0.00000000145 at one point (9 zeros after the comma). It has now grown to 0.000087 (4 zeros after the comma) – that is, a 6,000-fold increase from more than a year ago.

In the history of cryptocurrency, this is probably one of the most profitable deals ever, especially as its total value has now reached billions of dollars.

However, the huge profits and high value of this e-wallet can present another minor annoyance – it will be watched by those who are investing in SHIB and if the owner takes action. sold in large quantities, it must have caused a lot of volatility and significantly reduced the value of this asset.

That is the strange thing about the crypto world, when a coin like SHIB was created just to imitate another coin in name (DogeCoin) and has almost no practical application, nor is it. there is an important characteristic of cryptocurrencies that is the supply limit. But it has increased in price thousands of times in just over a year, turning many of the investors who persevered with it into millionaires or billionaires as in the example above.

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Source : Genk