Shiba Inu (CRYPTO: SHIB) has probably been one of the world's most-watched cryptocurrencies because the popular meme token soared a mind-boggling 45,000,000% last year. Since then, though, Shiba Inu has stumbled. It's down 70% this year. And investors wonder if it can win back its original momentum.

Today, Shiba Inu actually is set to offer more than it did at the height of its gains. The cryptocurrency is taking steps in the metaverse and working on a layer-2 scaling solution. Considering this, could Shiba Inu help you become a millionaire if you invest now?

First, a little background on Shiba Inu. It was created as "an experiment in decentralized spontaneous community building," according to its white paper. And so far, it's met that goal. A group of supporters called the Shib Army have rallied behind the token on social media and played a big role in its gains.

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Source Fool.com