Shiba Inu community member Yescas Rigo recently pointed out this fact by sharing a chart presenting data on SHIB’s historical performance since its launch. While most market participants are aware of the Shiba Inu’s rich history, many do not grasp the magnitude of the massive price increase it has achieved from 2020 to 2021. The chart submitted by Yescas provides insight into this, detailing the multiple zeros that the Shiba Inu erases throughout his journey.

Launched in August 2020 by the pseudonymous Ryoshi, SHIB was initially seen as a cheap imitation of the original meme coin Dogecoin (DOGE).

Interestingly, Ethereum co-founder Vitalik Buterin had a similar sentiment towards the Shiba Inu. Recall that Ryoshi gifted half of the SHIB supply (about 500 trillion tokens) to Buterin during the token launch. Ethereum’s co-founder burned 410 trillion tokens and sent the rest to charity.

Buterin explained in a recent interview that he made this decision because he believed Shiba Inu would be one of those meme coins that initially gets hype and then suddenly becomes worthless. As a result, he required these charities to cash out the SHIBs they held before this inevitable collapse. Buterin revealed that the Shiba Inu exceeded his own expectations. This sentiment is shared by industry experts who underestimate SHIB’s growth. According to the chart presented by Yescas, the Shiba Inu has managed to erase five zeros from its price since its launch in 2020. Market data from CoinGecko also confirms this.

Based on its initial public offering price, SHIB was trading at $0.000000000972 in August 2020. It eventually added another zero due to the price drop following its launch. This volatility further fueled concerns that it would crash like a typical meme coin.

However, Shiba Inu started 2021 with bullish momentum, deleting two zeros as it traded at $0.00000000505 in January 2021. SHIB has maintained this bullish momentum throughout 2021, continuing its upward trend supported by that year’s bull market.

SHIB reached an ATH of $0.000088 by deleting five zeros since its launch in October 2021. At its ATH in 2021, Shiba Inu has gained 9,119,241% over two years, making it one of the best-performing crypto assets of all time.

Even though the Shiba Inu is down 71% from its current price to ATH, it still only has four zeros. At its current price of $0.00002522, SHIB is still one of the best performers of all time and is up 2,594,550% since its launch.

Having fought against initial downward trends, the Shiba Inu is still fighting for a top 10 spot four years after its launch, proving its resilience and longevity.

Some analysts have predicted that SHIB will erase another zero or two in the near future. For example, SHIB Knight recently predicted that Shiba Inu could reach $0.0001 this month. Meanwhile, Armando Pantoja expects SHIB to reach $0.001 in this bull run.