If You'd Invested $500 in Shiba Inu 5 Years Ago, Here's How Much You'd Have Today

Shiba Inu (CRYPTO: SHIB) essentially started as a joke on a joke. The Shiba Inu idea was taken from the original meme token Dogecoin, which used the Shiba Inu mascot. But it happened early on in the meme token era and Shiba Inu, similar to Dogecoin, has stood the test of time. Shiba Inu is the 21st-largest cryptocurrency, with a market cap of nearly $7 billion.Image source: Getty Images.And unlike Dogecoin, Shiba Inu's developers have actually taken steps to give the token more real-world utility. Shiba Inu launched as an ERC-20 token, meaning it was built on top of Ethereum's network. In 2023, Shiba Inu launched Shibarium, a layer-2 blockchain solution built on top of Ethereum where transactions could be processed off of Ethereum's network, easing congestion and fees.Continue readingWeiter zum vollständigen Artikel bei MotleyFool Weiter zum vollständigen Artikel bei MotleyFool