Have you ever considered investing in crypto? The cryptocurrency market had its best yet bullish run in 2021 since it became a tradable asset class in 2011. This has led millions of people, particularly unsophisticated traders and investors (those who do not conduct fundamental or technical research) to pour billions of dollars into digital assets.
If you invest $100 in Shiba Inu today and the value of the cryptocurrency increases due to increased demand by investors, say up to $180, you stand a chance to make a profit of $80. This is because Shiba Inu is a digital financial asset. But if the value of Shiba Inu Coins (SHIB) drops due to a huge sell-off by a lot of investors or a decreased demand by investors to let’s say $65, you stand a chance of making a loss of $35.
However, in the world of investing and crypto investing for that matter, you will only see a profit or loss if you decide to sell your asset.
To learn more about the Shiba Inu crypto project and how you can invest in Shiba Inu Coins, keep reading.
If You Invest $100 in Shiba Inu Today, What Happens?
The price of Shiba Inu (SHIB) has been soaring since the end of January 2021. So, if you were to invest $100 in Shiba Inu today, there is a huge chance that the crypto boom that saw 90% of all cryptocurrencies test new all-time highs could lead you to reap enormous gains in the future.
As it is, Shiba Inu’s value has increased dramatically, having returned 1,291,831.88% for fans of the token who believed in the possibilities of the Dogecoin Killer right from its launch to date.
This has taken the market capitalization of SHIB to more than $11 billion. This value of Shiba is going to soar even higher, which will translate to higher returns for investors, considering the high profile support the token has received from popular and well-established cryptocurrency exchanges such as eToro, Binance, OKEX, and Coinbase among others. It took meme-inspired currency Dogecoin (DOGE) more than 7 years before being considered as a worthy asset on most of these reputed exchanges.
Aside from this, the valuation of the cryptocurrency continues to benefit from innovations from the project such as a decentralized exchange called Shibaswap. This sets Shiba Inu apart from other meme-inspired projects that lack the necessary infrastructure to support their native tokens.
This is one of the primary reasons why analysts at Wallet Investor who employ fundamental and more essentially technical analysis believe SHIBA has a great potential in the market.
According to the analysts, price drivers such as new developments from SHIB, increased adoption and utility, favourable technical indicators, and cryptocurrency market sentiment could see the coin increase to a maximum price of $0.000070 by the end of 2022. The cryptocurrency forecasting portal further estimates SHIB to trade for a coin at $0.000115 on the last day of 2023 and soar to $0.000265 around January 2027.
This means that investing $100 in Shiba Inu today could see you with more than 1,100% returns in the long term.
But you might wonder, can you really invest $100 in Shiba Inu? Let’s find out.
Can I Invest $100 in Shiba Inu?
You can invest as little as $100 in Shiba Inu.
In fact, you can buy Bitcoin fractions up to $100, which means you don’t have to buy a whole coin, which is currently retailing at $36,000. Bitcoin units referred to as Satoshi is divisible to eight decimal places, and a single bitcoin is equal to 100,000,000 satoshis.
In fact, you can buy about 4.8 million Shiba Inu coins worth $100 investment.
If you decide to hold onto the coins for the long term and SHIB tests a new all-time high of $1 someday, we all know what the sum of that new price and number of coins would make you.
But before you invest in SHIB with $100 or any other sum of money that fits your investment budget, let us discuss what Shiba Inu is.
Read Also: Pros and Cons of Investing in Shiba Inu Coin
What is Shiba Inu?
Shiba Inu is one of the most popular meme-inspired crypto projects. Its native asset, SHIB, is one of the most popular and traded cryptocurrencies in the world. In the new wave of what is termed as “joke currencies”, it is second only to Dogecoin in terms of market valuation.
Launched in August 2020 by a group of people who go by the pseudonymous name RYOSHI, Shiba Inu comprises three entities that ensure its efficiency and survival in the crypto market.
They are the Shiba Inu Protocol, its cryptocurrency SHIB, and the Shiba Community which keeps the intensity of the project across the various social media channels going.
After appearing on cryptocurrency exchanges in August 2020, SHIB had an initial value of $0 but has hit levels of up to $0.00008845 to date.
Once you buy Shiba Inu Coins on a centralized or decentralized exchange, you store your holdings in a digital wallet that can be accessed through private keys.
These keys can be set by you (in the case of using centralized exchanges) or a random set of names/digits will be provided to you (in the case of using decentralized exchanges) to allow you to own and use your Shiba Inu Coins. As a result, it is essential to hold onto your private keys.
On centralized exchanges such as eToro, Binance, and Coinbase, you could request a password (keys) change if you have forgotten the old one. Normally links are sent to the email address used to register for an account with the exchange or a code is sent to your verified phone number to help you reset the password and regain access to your account.
On the other hand, wallet providers (such as TrustWallet and MetaMask) for decentralized exchanges such as Uniswap and Sushiswap caution holders to hold onto their private keys because, without them, there is little chance of you accessing your account.
The creation, distribution, trading, and storage of virtual currencies including Shiba employs a decentralized ledger system called blockchain while payments are facilitated through peer-to-peer (P2P) technology.
To maintain and update the protocol to meet the modern standards of decentralized finance, Shiba Inu relies primarily on upgrades on the Ethereum Network. What’s more, companies that list SHIB as an option of payments such as Paraguay’s largest Entertainment Group, Grupo Cinco, employ the Lightning Network to process transactions. This makes up for the relatively lower processing speeds of Ethereum’s 1.0 Network.
To illustrate how Shiba Inu works as an investment instrument, anyone who purchased the digital asset in its first months of existence as a tradable token and believed in its possibilities in the market has made incredible returns today. More importantly, depending on the total sum of investments made, your returns could be in the thousands or millions if you held onto your Shiba holdings for the entire period to date.
For instance, if you invested $100 when Shiba had an insignificant figure of $0.00000003 on 31st January 2021, you purchased 3,333,333,333 (more than 3 billion Shiba Inu Coins). If you held onto the excess of 3 billion SHIBs when it reached its all-time high in October 2021, the value of your $100 Shiba holdings would have been worth $293,333 at that time (293,233% increase in your $100 investment capital).
What Makes Shiba Inu So Valuable?
Shiba Inu, like all cryptocurrencies, holds no intrinsic value. To put it simply, Shiba Inu is not backed by any physical asset such as gold.
However, deducing from the definition brought forth by analyst Will Kenton earlier on, the worth of SHIB is determined by the demand of the coins by investors. As a result, when more investors pour liquidity into the token, its market value increases, and when the same investors decide against throwing more money behind the digital asset, its market value decreases.
Because of its status as a cryptocurrency (digital currency) with no physical representations, no government or central bank supports its usage. Therefore it does not qualify as a legal tender.
Yet, Shiba is among the noteworthy cryptocurrencies on the market. Ranked as a top 15 digital asset, Shiba Inu is more valuable than some mainstream companies such as Kaiser Aluminum (KALU), Paramount Group (PGRE), Deciphera Pharmaceuticals (DCPH), and Clean Energy Fuels (ICFI) whose market capitalization is below $2 billion.
Many proponents of digital currencies view the asset class as the future of finance. Many experts believe that Shiba Inu provides a quicker, cost-effective payment system that can transform global transactions.
Although its primary competitor Dogecoin has been mired by controversies related to cyber security activities, Shiba Inu has steered clear of such unfavourable news. This is the primary reason why the cryptocurrency’s value has risen proportionately due to increased demand by investors who believe SHIBA can provide them with consistent passive income for a long time.
How to Invest $100 in Shiba Inu
There are several ways through which you can invest $100 in Shiba Inu. For quality and value for money, we’d recommend buying SHIBA from centralized cryptocurrency exchanges that are well-established (eToro, Binance, Coinbase, etc).
Aside from that, we’d recommend you buy Shiba Inu coins from the largest decentralized exchange (DEX) by trading volume, Uniswap. These exchanges have rave reviews from millions of users.
There are no limits with regards to the amount of money you can invest in Shiba Inu. The only thing you have to deal with is the minimum amount you can invest in SHIB from the exchange of your preference. Most exchanges have set cryptocurrency purchases at a minimum of at least $10. Therefore, it is possible to start investing with $100.
Kindly follow the steps and you’d be on your way towards putting your $100 into good use on centralized (CEX) and decentralized exchanges (DEX).
1. Register an account with eToro
You will be required to input details of your full legal name, phone number as well as your email and residential address.
2. Verify your account
You will be required to upload documents in the form of a government-issued identification card such as a Passport, Driver’s License, or National card. More often than not, to fully verify your account, proof of residence is requested to confirm your billing address. eToro takes less than 24 hours to verify accounts depending on how cooperative you are as a client.
3. Deposit Funds
Choosing from a range of options (bank transfer, credit/debit cards such as Visa, Visa Electron, MasterCard, and Maestro, online wallet from financial service companies such as PayPal, Skrill, Neteller, and Rapid Transfer), you can deposit fiat currency in the form of $100 or its equivalent in other currencies.
4. Buy Shiba Inu
On the Shiba page, you can buy $100 worth of SHIBs. Your order will be calculated, processed, and completed.
Will Investing $100 in Shiba Inu Make You a Millionaire?
It's possible to become a millionaire if you hold on to your Shiba investment for the long-term and Shiba rises to more than $0.01 in value. Fortunately. Shiba's value continues to attain new Heights.
For understanding, let us employ simple mathematics in our analysis of a $100 SHIB investment turning into a millionaire maker.
At $100, you can purchase more than 4,816,955 coins.
You could become a millionaire if SHIB trades for $0.4 in the future. Although there aren’t any analysts or experts who have used fundamental or technical analysis to make such a forecast, the volatility of cryptocurrencies means that such a valuation could be possible someday.
At $0.65 and 4,816,955 coins in holdings, simple mathematics in the form of multiplication will provide the millionaire maker statistic.
$0.65 multiplied by (×) 4,816,955 totals $3,131,021.
If SHIB tests $0.8, your $100 investment could turn to $3,853,564. If SHIB tests one of the most trending questions online, can Shiba coin reach $1, you will see your holdings worth at least $4.8 million.
Shiba Inu continues to be involved in a substantial part of the current crypto revolution called decentralized finance. Shiba interacts with DeFi projects on Ethereum. Therefore it continues to be involved in several trades involving crypto pairs on Uniswap and Sushiswap. Shiba tokens can also be used to provide liquidity to markets on Aave, Compound, and Maker among others since the tokens can be converted to their respective native assets AAVE, COMP, MKR, and as well be swapped with Ether (ETH).
Many people consider Shiba Inu to be a high-risk investment due to its newness on the market. With that said, the popularity of the coin, the daily trading volume it records, and the exposure it has gained through its listing on well-established exchanges make Shiba a digital asset that is likely to deliver massive returns.
What to Consider When Investing $100 in Shiba Inu?
When investing $100 in Shiba Inu, it would be in your interest to consider the following:
Virtual Currencies and Blockchain Technology Is a New Concept
Satoshi Nakamoto has done well by helping the world know about the possibilities of blockchain technology. In October-November 2021, the prices of cryptocurrencies were soaring to new highs but acceptance as a mainstream legal tender is far from reality. Cryptocurrency exchanges continue to be mired by regulatory concerns and hacking incidents. Investing $100 does not mean you are going to witness gains in the short or long term. No one knows the future of cryptocurrencies, so invest with caution.
Know the Actual Costs Involved
Find out more about the processes involved in reaching $100 worth of SHIBs. This is because you may pay more for your purchase. A great example can be attributed to using a depositing method that commands a fee from your preferred centralized exchange (CEX). Using DEX means that you will have to deposit funds in Ether (ETH) in a wallet before being able to buy Shiba from Uniswap.
Know Your Risk Tolerance
Can you afford to lose $100? Suppose SHIB should go extinct tomorrow, will you be affected by the loss of your capital? SHIB is currently trading at $0.00003. Shiba continues to experience massive fluctuations (spikes in price today and sharp recessions tomorrow). If you assess your risk tolerance and you are good to go, then you can carry on and invest $100 in Shiba Inu.
Should You Invest in Shiba Inu?
While it might have been better to have invested in Shiba much earlier, it is not too late to invest now. This is because it is currently trading at a downside and an investment of $100 in Shiba today could earn you enormous returns in the future.
According to the analysis made by experts across reputable forecasting portals, Shiba Inu is an asset that is worth considering.
Most investments come down to the two factors of risk and reward. Do the potential rewards of investing $100 in Shiba Inu outweigh the consequences of the risk associated with the investment?
Investing in SHIB has brought enormous returns to some investors at one point making two brothers millionaires. Who knows, an investment of $100 in Shiba Inu today could do the same in the future.
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Virtual currencies are highly volatile. Your capital is at risk.