Shiba Inu (CRYPTO: SHIB) burst onto the scene in 2021, when the cryptocurrency market was experiencing a raging bull market during the second year of the pandemic. The speculative fever ran high at this time.
But this meme digital token has come crashing back to earth. Investors looking to buy Shiba Inu (CRYPTO: SHIB) while it’s 89% off its peak price should forget about it. Meanwhile, Bitcoin (CRYPTO: BTC), the world’s most valuable cryptocurrency, could make you rich.
Shiba Inu is a cryptocurrency that lives on top of the Ethereum network, an intentional design by the founders to add functionality. This setup makes Shiba Inu compatible with a wide range of decentralized applications, which is what makes it different from Dogecoin, its inspiration.
Source Fool.com
