Two software engineers initially formed Dogecoin as a joke in December 2013, with a Shiba Inu — a type of hunting dog in Japan — as its mascot. What started as a joke is now a full-fledged, working cryptocurrency.
When I look back over the past 15+ years, the one mistake I can pinpoint which evades my opportunity to become stinking rich is when I sell before reaching my exit strategy. The system is rigged, and the knowledge of this isn’t breaking news.
While many crypto traders just know Shiba Inu as one of the dog-themed coins out there, the altcoin token is evolving rapidly. Although the coin is currently less in value than a cent, it can’t be ignored as another worthless token as it’s where it’s most susceptible to rapid price swings.
Shiba Inu and Doge are both meme coins. If you’ve had your ears glued to the recent trends in the crypto space, you must have heard about the sudden 367 percent rise of the Shiba Inu in just one week, which made it the 12th-biggest cryptocurrency at the time.
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