Could Shiba Inu Lose 99% of Its Value?

Over the past 21 months, the stock market has made history. The more than doubling in the S&P 500 since March 2020 represents the strongest bounce back from a bear-market bottom of all time.

However a gain of a little over 100% is peanuts compared to what cryptocurrencies have brought to the table. Over the same 21-month stretch, the aggregate value of digital currencies has rocketed more than 15-fold to $2.28 trillion, according to data from CoinMarketCap.com.

While the usual suspects have played a key role in pushing the nominal value of all cryptocurrencies higher -- I'm looking at you, Bitcoin and Ethereum -- it's meme coin Shiba Inu (CRYPTO: SHIB) that's stolen the spotlight and delivered a truly historic gain.

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Source Fool.com