Shiba Inu: $1000 Investment on ShibaSwap Debut, Profit Revealed

ShibaSwap, built upon the Shiba Inu platform, is a decentralized finance (DeFi) platform that offers numerous alternative financial services, ranging from staking and yield farming to liquidity pools. Since its debut in July 2021, Shiba Inu (SHIB) had begun trading at $0.00000838, reducing to just 169 cents for a previous investment of $1000 – a total of $8.40 against a bull market. Around three months later, an astronomically increased monetary value of $0.00008616 ballooned the investment figures to 10,280 dollars as SHIB reached their all-time high.

Unfortunaltely 2022 suffered what could be certained the cryptographice industry nosedive. Significant drops in Solanto (down 145% post Sunday evening shootdown), Bitcoin down 78.16%, and even the colossal SHIB down 90.39%. It’s been an absolute fallout thus far ever since. Current SHIB values have risen with modest gains of 2.1%, though it has since its last decimal growing. Shibarium, SHIB’s layer-2 network launching process is still up in air, along with Shytoshi Kusama’s August announcement and no farther details occured. Community-wide comments indiciate the end of August and the start of September might nearly be our chance to witness seeing SHIB reaching pretty close to the 2021 opening price surges. Let’s see where this newly added DeFi tool may take us when it officially launch soon.

Robert Wilson author
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