The meteoric rise of Shiba Inu ($SHIB) in 2021 took many investors by surprise, turning modest investments into colossal fortunes.
These enormous returns highlight the potential rewards of investing in meme coins – a factor that has played into the popularity of the space.
In this article, we explore Shiba Inu’s rise over the past two years, before highlighting two brand-new cryptocurrencies that aim to mirror (or even exceed) $SHIB’s returns.
The Rise of Shiba Inu – How $SHIB Made Crypto Millionaires
Shiba Inu needs no introduction since it remains the world’s second-largest meme coin, with data from CoinMarketCap noting that over $121 million worth of $SHIB was traded in the past 24 hours alone.
$SHIB has captured the hearts of investors worldwide, thanks to its charming Shiba Inu mascot and clever leveraging of the Dogecoin ($DOGE) phenomenon, which began in early 2021.
However, $SHIB first emerged in August 2020, yet remained relatively obscure until mid-2021, when a surge of interest from retail traders caused its price to skyrocket.
Before $SHIB’s initial pump in April 2021, the token was trading for just $0.00000026; however, by mid-May, the token was valued at $0.000034.
This represented a return of over 12,900% for those savvy enough to purchase before Shiba Inu’s bull run.
Although this peak was short-lived, and the $SHIB price dropped dramatically in the following months, the coin’s bullish potential was not yet over.
In October 2021, a massive resurgence of hype and speculation around Shiba Inu sent its price skyrocketing once more.
As noted by CoinGecko, the $SHIB price hit an all-time high of $0.000086 on October 28, 2021 – a jaw-dropping 32,976% higher than it was before the initial bull run earlier in the year.
Traders who had the foresight to invest in $SHIB earlier in the year and hold it through its volatile swings would be sitting on unimaginable gains at this point.
For example, if a trader had invested $10,000 before the bull run, they would have made an incredible $3,297,000, turning them into a fabled “crypto millionaire.”
While Shiba Inu’s price has settled significantly from 2021’s highs, its epic rally will always be remembered as one of the most pivotal moments in the history of the crypto market.
Could Shibie Coin be the Next Shiba Inu?
As meme coin traders continue to search for the next big token, Shibie Coin ($SHIBIE) is a promising new addition to the market, aiming to resonate with a diverse audience of investors.
Drawing inspiration from the Shiba Inu token and the iconic appeal of Barbie, $SHIBIE blends the fun and whimsical elements of the crypto market with real investment potential.
Launched on the Ethereum network, $SHIBIE’s appeal lies in its robust tokenomics setup.
As outlined in the Shibie Coin whitepaper, 60% of the total $SHIBIE supply will be reserved for presale buyers, ensuring the project is community-driven.
Moreover, 20% will be used to provide DEX liquidity for when $SHIBIE makes its market debut, which will help eradicate slippage and foster a more stable trading environment.
Alongside its fair tokenomics setup, $SHIBIE has drawn attention because of its timely launch, which coincided with the release of the Barbie movie.
This movie release has reignited the passion for the iconic character, and $SHIBIE is already capitalizing on the renewed interest.
Although it was only launched a few days ago, Shibie Coin’s presale has raised over $160,000 in early investment and is offering $SHIBIE tokens for the low price of $0.000167.
Given the recent success of meme coins that capitalize on pop culture trends, Shibie Coin’s design positions it as a token worth watching as we head into the final months of 2023.
Wall Street Memes ($WSM) is another new meme coin that has taken the presale market by storm in the past two months.
The project’s presale phase has now raised over $22 million in early investment, showcasing the tremendous enthusiasm from investors.
Currently, Wall Street Memes’ presale is in Stage 27 out of 30, meaning would-be investors only have a limited time remaining to purchase $WSM tokens before they make their open market debut.
Many early backers believe that $WSM is poised for growth post-presale, given that the project already boasts a community of over 1.1 million “degens” worldwide.
The Wall Street Memes Twitter page has shown itself to be particularly engaging, posting memes that resonate with the crypto community.
This strategic use of humor has helped the Wall Street Memes brand grow organically, fostering a sense of excitement among community members.
Looking ahead, Wall Street Memes’ team has set a lofty goal of hitting a $1 billion market cap with $WSM, evidencing their belief in the token’s potential.
As such, the project continues to generate interest and investment, positioning it for a successful exchange launch later this year.
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