Collection: SHIBA INU

Shiba Inu token is a decentralized cryptocurrency invented by "Ryoshi," an anonymous individual or group. It is named after the Shiba Inu, a Japanese breed of dog that originated in the Chubu area, and the same breed shown in the Dogecoin symbol, which was initially a parody cryptocurrency based on the Doge meme. Shiba Inu has been nicknamed a "meme coin."

Shiba Inu was even able to briefly outperform Dogecoin, its apparent forefather. Furthermore, the coin's value remains higher than that of other blockchain networks under active development, such as Avalanche, Terra, and Polygon.

Many crypto investors avoid investing in altcoins like SHIB in favor of safer cryptocurrencies like Bitcoin (BTC-USD), Ethereum (ETH-USD), and Cardano (ADA-USD). Investing in older, more established cryptocurrencies, on the other hand, will not result in a large ROI. Shiba Inu is an excellent illustration of how newer cryptocurrencies may skyrocket in a couple of months.