CoinGecko, a well-known crypto price-tracking platform, has released a report analyzing the investment required to yield a $1 million return from the top meme coins. Results show that Shiba Inu (SHIB) had the lowest initial investment requirement of $12 and duration of 453 days, positioning it as the most successful meme coin to date. It has seen a 8,424,203 (or 84,242x) surge from its launch price in August 2020 to its peak. Other top meme coins fared similarly with Dogecoin (DOGE) and Floki (FLOKI) needing investments of $820 and $4,508 respectively. Although Pepe (PEPE) and ArbDoge AI (AIDOGE) had higher initial investments of $158,312 and $190,586, they had shorter durations of 1,368 and 762 days, respectively. The report also noted that Shiba Inu's surge was triggered by the burning of 410 trillion SHIB by Vitalik Buterin, which could be followed by another surge provided similar burning continues. Therefore, although the rate of return of any investment is not assured, the success of Shiba Inu and other meme coins can inspire investors to carefully assess returns and risks before embarking on their journey.
Rosalie White
- 2023-05-04
How to Make $1 Million with Top Meme Coins
CoinGecko, a well-known crypto price-tracking platform, has released a report analyzing the investment required to yield a $1 million return from the top meme coins. Results show that Shiba Inu had the lowest initial investment requirement of $12, which has seen an 84,242x surge from its launch price in August 2020 to its peak.
