Is Shiba Inu a Smart Cryptocurrency to Buy Now?

The mysterious Ryoshi introduced Shiba Inu (CRYPTO: SHIB) in August 2020. As the mascot implies, this canine-themed cryptocurrency was design to rival Dogecoin, and so far it's made incredible progress. Over the past year, Shiba Inu has skyrocketed 70,500,000% in value, a pace that would have made you a billionaire if you'd invested $1,200 last November.

Not surprisingly, this cryptocurrency is generating quite a bit of buzz, and many investors are probably asking themselves the same question: Is Shiba Inu a smart buy right now? Let's dive in.

Image source: Getty Images.

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Source Fool.com