Shiba Inu was the hottest cryptocurrency in the world a few years ago, but now it's struggling to emerge from a lengthy slump.

The Shiba Inu ( SHIB 1.49% ) cryptocurrency was created by an anonymous developer named Ryoshi in 2020 to compete with the industry's original meme token, Dogecoin . It soared by a staggering 45,278,000% in 2021, which would have been enough to turn a perfectly timed investment of just $3 into $1 million.

However, the speculative fever that drove the rally inevitably cooled off, and Shiba Inu has since plunged by 85% to just $0.000013 per token. Meanwhile, the total value of all cryptocurrencies in circulation across the industry hit a record high of $4.2 trillion last month, fueled by President Donald Trump's pro-crypto administration, which has introd

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