SHIB has hit a new ATH and you will have $ 500 million if you invest $ 1,000 in meme coins from Jan 1st

The price of Shiba Inu (SHIB) has risen double-digit (42%) in the past 24 hours, hitting a new all-time high (ATH) at $ 0.000039 after rumors of a possible listing on Robinhood were raised. In addition, SHIB was found on a public app and accepted by private investors.

On the flip side, Dogecoin is still down an astonishing 65% from its May 8 high.

Source: Coinecko

CoinMarketCap data shows that Shiba Inu has become the most traded cryptocurrency on Coinbase. It’s worth noting that it had a daily trading volume of $ 1.078 million on the exchange, more than Ether, Bitcoin and Solana combined.

Source: CoinMarketCap

With a market cap of $ 19 billion, Shiba Inu is currently the 11th largest cryptocurrency and is nearing the fall of Dogecoin, still at number 10 with a market cap of $ 32.7 billion.

Bitcoin Magazine covered the latest developments regarding the Shiba Inu, starting with a massive 6 trillion SHIB whale purchase for a total of $ 43,838,916 in late September.

Then the team behind the project got into the NFT frenzy by announcing plans to release a digital collection of 10,000 “cute creatures” called Shiboshis that sold out in 35 minutes.

The demand for SHIB only increased as the wallet addresses increased by almost 10% in two weeks.

Google Trends data also shows global interest in Shiba Inu, which hit a multi-month high in early October.

Search volume from Shiba Inu treeb Google Trends in the last 1 year | Source: Google Trends

SHIB is also accepted by large companies and allows their customers to interact with it. Novadax, one of the largest stock exchanges in Brazil, listed SHIB just a few days ago and shortly afterwards, the popular trading app Public. In addition, rumors surfaced that Robinhood could be the next, which also led to significant price hikes.

As a result, SHIB rose 35% in one day, 50% in a week, marking a new ATH at $ 0.000039. This means that SHIB has grown by more than 450% in the current month.

Other CoinGecko data shows SHIB traded at $ 0.000000000077 on Jan 1, 2021. That means it is up 50,649.250% YTD. So if you had invested $ 1,000 on January 1, it would be worth more than $ 500 million today.

SHIBI price table | Source: Tradingview

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