The cryptocurrency sector is as vast as it is complex. There now are more than 20,000 tokens for investors to choose from. Most of these remain unproven, providing little in the way of practical utility for users.
Many investors, inside and outside the crypto sector, have criticized Shiba Inu (CRYPTO: SHIB) for just this reason. It's a meme token that, like others before it, has relied on marketing and hype, sending valuation to unbelievable levels.
In 2021, this token briefly provided investors with an annualized return of more than 40,000,000%. Essentially, a perfectly timed investment (which no one made) held to the absolute peak (which again is impossible) could have turned an investment of $100 into a multimillion-dollar holding. Those sorts of returns are exactly what many speculators sought, leading to an incredible rise in value to the point that Shiba Inu became one of the top 10 digital currencies by market capitalization.
Source Fool.com