Shiba Inu hasn't been around all that long, but it has made many investors rich.

Shiba Inu ( SHIB 4.84% ) 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.

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 process

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