In August 2020 Buyed Shiba Coins For $3,400: They are now worth $1.55 billion!

The owner of one crypto wallet had a flair for investment when he invested $3,400 in Shiba Inu(SHIB) coins last year. Today he is a billionaire.

In addition to the mentioned investment, the person who owns the mentioned crypto-wallet had other transactions when it comes to SHIB coins with a total investment of about 12,000 dollars.

The smart investment grew, and the owner did not sell SHIB coins, which are worth about 5.63 billion dollars today. Yes – billions.

How mature is the market?

One of the questions that arise is whether the cryptocurrency market could receive such a large amount of Shiba Inu coins, because the total market capitalization of Shiba Inu coins is a little less than 40 billion dollars, and this wallet contains one-seventh of all coins in circulation.

At the time of purchase, the user exchanged $3,400 in wETH(Wrapped Ethereum) coins for Shiba coins.

To remind, Shiba was created after the Dogecoin cryptocurrency as a meme coin, with no real use-value.

Let us remind you, the price of a coin meme depends exclusively on its popularity, and not on some real application, as is the case with Bitcoin and Ethereum cryptocurrencies.

Meme popularity

The first big jump, Shiba Inu cryptocurrency had when Elon Musk showed off his Shiba Inu dog, to have huge growth after that.

Shortly after the presentation, the founder of Shiba Inu coins sent half of the total number of coins to the co-founder of the Ethereum Foundation, Vitalik Buterin, who, after forwarding part of the money to charities, “burned” the rest (90%), sending it to a dead blockchain address.

Vitalik justified this decision by stating that he did not want to have control of that scale in his hands and that it was, therefore, better to give it up.

She jumped over DOGE

According to the latest state of affairs, SHIB has definitely overtaken DOGE when it comes to market value, and is now in 9th place, right ahead of its biggest competition.

Exchange offices and NFT

There are at least two reasons why the SHIB coin has a growth trend.

One of the most important factors is certainly the listing of Shiba Inu cryptocurrency on large exchange offices in the last few months.

Add to that the fact that one of the largest providers of cryptocurrency payments – NOWPayments has added SHIB coins to the list of supported, and here are additional reasons to increase the demand, and thus the price of SHIB coins.

The Shiba Inu development team has launched its line of NFTs called Shiboshi, which means another aspect of the demand for 10,000 NFTs that users pay for with SHIB coins.

When you combine these two factors, the growth of Shiba coins seems completely justified.

And the reason more that it is wise to invest in cryptocurrencies early and resist that urge to sell them as soon as the first growth starts.

Returns the ball – Got Bitcoin and signed jersey – Tom Brady repaid a loyal fan nicely

The ball with which Tom Brady, the quarterback of the Tampa Bay team, scored his sixth touchdown ended up in the audience, and the fan who caught it received a special thank you package.

One of the big supporters of cryptocurrencies and co-founder of the NFT platform Autograph.io, the playmaker of the Tampa Bay Buccaneers team threw on Sunday, October 24th. his jubilee 600th touchdown in his career.

However, in ecstasy, his catcher threw the historic ball into the audience to the fans.

He caught the ball and returned it

The man from the audience, Byron Kennedy, who caught the ball, quickly returned it, after being asked to do so by the Tampa team, but Tom Brady wanted to thank him personally.

He sent him signed jerseys, a helmet, season tickets for the next season, and the end of the current one, as well as one Bitcoin.

While this sounds incredible, Tom Brady is one of the celebrities who has been a supporter of cryptocurrencies and NFTs for some time.

As a guest on Monday’s show, Brady joked that Kennedy made a mistake when he returned the ball and that he inserted one Bitcoin into the package as a gesture of gratitude.

Autograph.io is an NFT platform that Brady launched this summer, which has attracted the attention of celebrities and athletes around the world, so there is a great chance that this ball will also be turned into digital NFT.

What was NFT?

Let us remind you, NFT is an abbreviation of Non-Fungible (irreplaceable) token.

Although after this sentence you are not much closer to the meaning of NFT, we will explain to you.

An irreplaceable token means that it is unique and cannot be replaced by someone else.

Bitcoin, on the other hand, is a replaceable token, because when you exchange one Bitcoin for another you will still have one Bitcoin.

When you replace one NFT with another, you will have a completely different thing. NFT also allows for digital ownership of something, whether it’s a work of art, a ball that Brady made the 600th touchdown in his career, or a Pokemon card.

In a later interview, when Kennedy was asked if he would still return the ball, he said that he would and that he would like to play a game of golf with his favorite quarterback.

We are not sure if this interview was done before or after learning that the package also contains one Bitcoin, but this trip to the game paid off for Kennedy.

Crypto-promotion

On the other hand, an increasing number of athletes and celebrities are involved in various projects with cryptocurrencies, so this move by Brady is very smart because in that way he promoted cryptocurrencies, as well as his platform, which is slowly but surely gaining popularity.

On the other side of the ocean, in August, Leo Messi, as part of a welcome package to his new club, received part of the money in PSG cryptocurrencies, thus promoting the digital cryptocurrency of this French club.