If You Invested $100 in Shiba Inu 1 Year Ago, Here's How Much You'd Have Now

For well over a century, the stock market has been known as one of the world's greatest wealth creators. Its long-term average annual return handily surpasses other investment vehicles, such as bonds, housing, and commodities (e.g., gold and oil).

But over the past couple of years, cryptocurrencies have lapped the return of the broader market many times over. Whereas the S&P 500 has slightly more than doubled since hitting its pandemic low in March 2020, the aggregate value of digital currencies has skyrocketed more than 1,250% over the same period.

While the "Big Two," Bitcoin and Ethereum, are largely responsible for this nominal increase, it's meme coin Shiba Inu (CRYPTO: SHIB) that's been busy dropping jaws and setting records.

Continue reading

Source Fool.com