Shiba Inu (CRYPTO: SHIB) has emerged as a strong competitor to the meme king Dogecoin (CRYPTO: DOGE).
However, the well-known DOGE bull and Tesla Inc (NASDAQ:TSLA) CEO Elon Musk made it amply clear that he doesn’t own any SHIB.
Musk’s revelation was made on Oct. 24, 2021, in response to a Shiba Inu-oriented Twitter account asking him how much SHIB he was holding. At the time, Musk simply said, “None.”
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The Investment: If an investor was not discouraged by Musk’s non-existent holdings of SHIB and put in $100 in the Ethereum (CRYPTO: ETH)-based token at the time, here’s how much they would have now — keeping in mind SHIB’s press time price of $0.000027.
| Date Of Purchase/Listing | Purchase Amount | Purchase Price | Coins Obtained | Current Worth | Percentage Change | |
|---|---|---|---|---|---|---|
| Oct. 24, 2021 | $100 | 0.000036 | 2777777.78 | $75 | -25% |
The investor would end up with a loss of 25% and the $100 would be only worth $75 at press time.
Not All Doom And Gloom: SHIB recently got a boost after Robinhood Markets Inc (NASDAQ:HOOD) said it had listed the token. If you invested $100 around the first Robinhood rumor, you would have seen a whopping 166.8% increase.
Read Next: Jack Dorsey Leaves A 'Question Mark' On Robinhood's Shiba Inu Listing
