Shiba Inu rides Dogecoin as the best crypto dog because it’s more fun than your leg
Shiba Inu (SHIB) came into being just over a year ago, taking the namesake of the Japanese dog breed which is also represented by Dogecoin. They both represent coins – neither is widely used for business transactions, but in the highly volatile world of cryptocurrency, they both present opportunities to earn (or to lose) a lot of money.
Exactly one month ago, Shiba Inu was trading at $ 0.000007911. Since then, it has peaked at $ 0.00008. If you had bought Shiba Inu for $ 100 a month ago and sold the coins at their peak, you would have taken in just over $ 1,000. Not too bad for short term gain.
We are not the ones telling you to rush out and invest in Shiba Inu from any end, or any cryptocurrency for that matter. We are simply providing a perspective on the massive rise in value over the past month.
As for Dogecoin, it traded at $ 0.2241 on October 1 and has since peaked at $ 0.3304. This means that a $ 100 investment a month ago would have been worth just over $ 147 at this high point in the past four weeks (it now sits at $ 0.2274).