Up 1,600,000%, Is Shiba Inu Still a Buy?
In hindsight, Dogecoin's (CRYPTO: DOGE) uncontrollable rally to the moon was probably one of the greatest trades of all time. If you invested just $100 into DOGE at the beginning of last year, it would be worth well over $11,890 today. And that's after a 64% decline from its all-time highs.
But for those who missed out, the rise of a Dogecoin competitor, Shiba Inu (CRYPTO: SHIB), is rapidly filling that gap. In August last year, an anonymous person or entity known as Ryoshi created SHIB as a token on Ethereum's ERC-20 blockchain. A $100 investment made back then would have an incredible value of $1,618,066 today. Its user base has also exploded to over 585,000. So is there still time for those who missed out to buy SHIB?
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Source Fool.com
