Can Shiba Inu Reach $0.10?
Nvidia (NASDAQ: NVDA) just surpassed a $3.3 trillion valuation, making it the largest company in the world by market cap. If you bought shares at its initial public offering in 1999, you would be sitting on a 542,220% gain, which could have turned an investment of $200 into more than $1 million (assuming you never sold).
But an investment in meme cryptocurrency Shiba Inu (CRYPTO: SHIB) on Jan. 1, 2021, would have yielded a return of 45,278,000% by Dec. 31 of the same year. That's right: This speculative crypto could have made you a millionaire within 12 months from an outlay of just $3.
There is a distinct difference between the two investments. Nvidia generates earnings, and its stock trades at an all-time high, whereas Shiba Inu has little utility and it's down 80% from its best-ever levels from 2021.
Source Fool.com
