Launched in 2020, Shiba Inu (CRYPTO: SHIB) was created to be an alternative to its dog-inspired predecessor, Dogecoin. Despite taking its owners on a wildly volatile journey in the past four years, this token has generated a monster total return anyone would be elated by. Today, it's the 13th most valuable blockchain in the world.
As of this writing, this meme cryptocurrency trades at $0.00001432 per token. But can it soar nearly 7,000,000% to one day reach $0.01? Here's what investors need to know about Shiba Inu.
Shiba Inu was built to have more functionality than Dogecoin, which is its own separate blockchain. That's why Shiba Inu was made to be compatible with the Ethereum ecosystem. This expands its usefulness, particularly when it comes to the vast array of decentralized applications.
Source Fool.com