Missed Out on Shiba Inu? My Top Cryptocurrency to Buy Now
Shiba Inu (CRYPTO: SHIB) is the latest cryptocurrency to go viral. Despite falling 57% from its all-time high, its price has still surged a mind-boggling 65,600,000% since November 2020. At that pace, $1.53 invested in Shiba Inu at its all-time low would be worth $1 million today. That's right; for less than it costs to buy a cup of coffee, some investors made a fortune.
That being said, don't beat yourself up if you missed out. Betting on Shiba Inu would have been (and still is) similar to buying a lottery ticket. Its unprecedented gains were fueled by hype, including relentless social media campaigns that urged people to buy and hold. Cryptocurrency is already a volatile asset class, but mix in a little hype and some smart branding -- Shiba Inu takes its name from the same meme as Dogecoin -- and you have a recipe for explosive growth.
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Source Fool.com
