Shiba Inu (CRYPTO: SHIB) might not pass any traditional valuation test, or even a common-sense test. It's a dog-themed cryptocurrency that's not backed by megabanks or boatloads of billionaires. Yet, it has an underdog appeal that might entice risk-tolerant low-priced coin enthusiasts everywhere.

There's no denying that HODL-ers -- crypto lingo for those who don't sell during price slumps -- have had a rough 2022 so far, and only the staunchest SHIB enthusiasts have held through the volatility. Moreover, investing in Shiba Inu certainly isn't a retirement plan in and of itself, and at most it should only be a very small part of a diversified, more comprehensive portfolio of cryptocurrency and other, less risky assets. That said, if you're willing to ignore a nasty-looking chart and embrace a crypto community with heart, Shiba Inu might be right up your alley.

While some skeptics might consider SHIB a joke, there's nothing funny about the developers' approach to educating new participants. The best point of departure would probably be the official Shiba Inu web portal, where newbies can bone up on the token's history and read the white paper -- or I should say, the Woof Paper -- that outlines how the crypto was created and functions.

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Source Fool.com