Shiba Inu (CRYPTO: SHIB) burst onto the scene during crypto mania in 2020 and 2021. The digital asset skyrocketed in 2021 during a raging bull market, certainly making some early adopters wealthy beyond their wildest dreams.

But as things stand today, Shiba Inu is 89% below its peak price. Nonetheless, it has still soared 969,000% since its public launch in August 2020.

There's a possibility that this speculative meme token will make you a millionaire. For investors who have watched from the sidelines, this is probably what the hope is. However, that's only if a few things happen that go in its favor.

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Source Fool.com