Investing $1000 in SHIB and DOGE: What to Expect After 12 Months
Cryptocurrencies have been making headlines for their potential to generate substantial returns on investment. Two of the most talked-about cryptocurrencies in recent times are Shiba Inu (SHIB) and Dogecoin (DOGE). In this article, we will explore the prospects of investing $1000 in SHIB and DOGE and calculate the potential return on investment (ROI) after 12 months. Let’s take a look at this DOGE vs. SHIB article in more detail.
DOGE vs. SHIB: Understanding SHIB and DOGE
Before diving into the investment potential, let’s take a closer look at both SHIB and DOGE.
SHIBA INU (SHIB):
Current Price: $0.000007196
Market Cap: $4.24 billion
1-Month Price Change: -7.02%
Dogecoin (DOGE):
Current Price: $0.06093
Market Cap: $8.61 billion
1-Month Price Change: -3.63%
DOGE vs. SHIB: Investing $1000 in SHIB
If you decide to invest $1000 in SHIB at its current price of $0.000007196, you can calculate the number of SHIB tokens you would acquire by dividing the investment amount by the token price:
$1000 / $0.000007196 ≈ 139,138,726 SHIB tokens
Now, let’s calculate the potential ROI after 12 months. To do this, we’ll need to make some assumptions about the future price of SHIB. Since cryptocurrencies are highly volatile and unpredictable, it’s essential to take these numbers with caution.
Let’s assume three different scenarios for SHIB’s price growth after 12 months:
Conservative Scenario (5% Growth):
SHIB Price After 12 Months: $0.000007196 * (1 + 0.05) ≈ $0.000007556
Moderate Scenario (15% Growth):
SHIB Price After 12 Months: $0.000007196 * (1 + 0.15) ≈ $0.000008265
Optimistic Scenario (30% Growth):
SHIB Price After 12 Months: $0.000007196 * (1 + 0.30) ≈ $0.000009355
Now, we can calculate the potential ROI for each scenario:
Conservative ROI:
ROI = (New SHIB Value – Initial Investment) / Initial Investment
ROI = ($0.000007556 – $0.000007196) / $0.000007196 ≈ 4.99%
Moderate ROI:
ROI = ($0.000008265 – $0.000007196) / $0.000007196 ≈ 14.84%
Optimistic ROI:
ROI = ($0.000009355 – $0.000007196) / $0.000007196 ≈ 29.97%
DOGE vs. SHIB: Investing $1000 in DOGE
If you decide to invest $1000 in DOGE at its current price of $0.06093, you can calculate the number of DOGE coins you would acquire by dividing the investment amount by the token price:
$1000 / $0.06093 ≈ 16,415.83 DOGE coins
Now, let’s calculate the potential ROI for DOGE after 12 months using the same scenarios as before:
Conservative Scenario (5% Growth):
DOGE Price After 12 Months: $0.06093 * (1 + 0.05) ≈ $0.06400
Moderate Scenario (15% Growth):
DOGE Price After 12 Months: $0.06093 * (1 + 0.15) ≈ $0.07007
Optimistic Scenario (30% Growth):
DOGE Price After 12 Months: $0.06093 * (1 + 0.30) ≈ $0.07920
Now, we can calculate the potential ROI for each scenario:
Conservative ROI:
ROI = (New DOGE Value – Initial Investment) / Initial Investment
ROI = ($0.06400 – $0.06093) / $0.06093 ≈ 5.03%
Moderate ROI:
ROI = ($0.07007 – $0.06093) / $0.06093 ≈ 14.96%
Optimistic ROI: