Shiba Inu (SHIB), the meme-inspired cryptocurrency that has captured the imaginations of retail investors worldwide, has seen astonishing price movements since its launch.
If you invested $1,000 in SHIB at the start of 2021, you’d be sitting on an impressive windfall today. Let’s dive into the numbers, token supply dynamics, and the factors that could influence SHIB’s potential to reclaim its all-time high (ATH) price of $0.000069.
The investment: $1,000 in SHIB on January 1, 2021
On January 1, 2021, Shiba Inu was trading at a microscopic $0.0000001684. With a $1,000 investment, you could have purchased approximately 5,936,073,059 SHIB tokens.
Fast forward to December 12, 2024, and SHIB’s current price stands at $0.00002909. At this price, your original investment would now be worth approximately $172,888, representing a 17,189% return on your initial $1,000 investment.
Shiba Inu supply dynamics
At the start of 2021, SHIB had a total supply of 1 quadrillion tokens (1,000,000,000,000,000) and a circulating supply of about 394.8 trillion tokens, since then, the supply dynamics have changed significantly due to major token burns:
As of December 2024, SHIB has a total supply of 589.5 trillion tokens and a circulating supply of 589.25 trillion tokens. Despite these burns, SHIB’s circulating supply remains high, which plays a crucial role in its price potential.
For SHIB to revisit its all-time high of $0.000069, it would require a market cap of approximately $40.6 billion. While not impossible, this is a substantial leap, given the token’s current market cap of $16.9 billion (based on the current price of $0.00002871).
Year-to-date, Shiba Inu has surged by an impressive 181.61%, adding $0.00001876 to its value.
Over the past year, SHIB’s price has climbed 207%, outperforming 73% of the top 100 crypto assets, including market giants Bitcoin and Ethereum.
Currently the token is trading confidently above its 200-day simple moving average, reflecting sustained bullish momentum with 17 green days in the past month.
Featured image via Shutterstock
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