The cryptocurrency industry has spawned more than 20,000 different tokens. The vast majority of them have failed to offer any utility in the real world, which makes it difficult for them to sustain value over the long term. 

Although the combined value of all cryptos reached an all-time high of $2.9 trillion in November 2021, but it has since plummeted by 70% to $860 billion today. 

Shiba Inu (CRYPTO: SHIB) has become the poster child for the speculative fervor that has underpinned the industry's lofty valuation. In 2021, it delivered one of the largest annual returns in history when it soared 43,800,000%. For context, a perfectly timed investment of as little as $3 would've returned over $1 million that year. 

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Source Fool.com