The Shiba Inu (CRYPTO: SHIB) cryptocurrency was created in 2020 by an anonymous developer named Ryoshi, who saw the success of the Dogecoin meme coin and wanted to launch an alternative. Ryoshi built Shiba Inu on the legacy Ethereum (CRYPTO: ETH) network, so it’s more functional than Dogecoin and, therefore, can create real value in more ways.

Shiba Inu soared in value by a staggering 45,278,000% in 2021, a return strong enough to have turned a perfectly timed investment of just $3 into over $1 million. It remains one of the largest one-year gains in the history of the financial markets, so it’s no surprise many investors still keep one eye on this token.

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