SHIB: From $10,000 to $1 Billion Dreams and Reality in Crypto World

In the ever-volatile world of cryptocurrencies, stories of extraordinary gains and losses are not uncommon. One such story that captured the imagination of the crypto community is the meteoric rise of Shiba Inu (SHIB), a meme coin that turned several early investors into multi-millionaires almost overnight. This article delves into the remarkable journey of SHIB, its astronomical growth, and what the future holds for this controversial cryptocurrency.

How $10,000 In Shiba Inu Became $1 Billion

Shiba Inu (SHIB) has turned several early investors into multi-millionaires. The asset’s price skyrocketed during the 2021 bull run, rallying by many million percent and reaching an all-time high of $0.00008616 in October 2021. If you had purchased $10,000 worth of SHIB after its launch in August 2020 and sold it at the peak, you would have made $1.03 billion, representing a growth of over 10.30 million percent. However, if you had continued to hold the SHIB coins till today, they would have been worth $163.20 million.

Shiba Inu Smashes Records with 1 Billion Transactions

The Layer-2 blockchain of the popular meme coin Shiba Inu, known as Shibarium, has achieved a remarkable milestone by processing over 1 billion transactions since its inception in August 2023. This significant feat could indicate the growing adoption of the token within the cryptocurrency space. In less than two years, Shibarium has made a mark in the crypto space, surpassing the 1 billion transaction mark. Analysts confirmed this achievement on March 31.

Shiba Inu Rebounds: Bulls Eye Higher Prices Despite Recent Setback

Shiba Inu [SHIB] retraced nearly 20% after rallying to $0.0000152 last week. While this price plunge was a setback, bulls have reason to believe the meme coin is headed higher. The 1-day price chart showed signs of accumulation, with SHIB challenging the $0.0000152 resistance level on March 26th. Despite an 18% price drop in the following days, clues showed the memecoin was beginning to turn bullish. The 20% rejection from the local resistance level can be seen as a sign of bearish strength, but this view might miss nuances in Shiba Inu’s price action. Meanwhile, Bitcoin [BTC] fell from $87.6k to $82.4k, a 5.8% drop, inciting panic across the market.

Google Cloud Backs K9 Finance DAO in Bold Web3 Play

K9 Finance DAO has secured Google Cloud as an ally to support its Web3 initiatives. The collaboration arms K9 Finance with advanced infrastructure to scale DeFi, enhance security, and drive AI innovation on the Shibarium network. K9 Finance DAO has joined Google for Startups Cloud Program, gaining access to Google’s cloud computing, AI, and data analytics tools. As Shibarium’s largest network validator and liquid staking provider, K9 Finance DAO aims to expand DeFi capabilities and optimize operations within the ecosystem with Google Cloud’s backing.