The case for Shiba Inu With Shiba Inu trading at less than $0.000025 per token as of this writing, the cryptocurrency is much cheaper than Dogecoin on a pure-dollar basis.

That's why, Shiba Inu's price more than tripled twice in 2024, only to give up those gains as suddenly as they appeared. In 2021, this token rose in value by 1,000% in a matter of weeks twice.

Some people might be eyeing Shiba Inu in the hopes of benefiting from a monster price run-up like what we saw in 2021. But this isn't a prudent way to invest your hard-earned savings.

And I was the happiest owner," Sato added. Kabosu's real birthday was unknown, but Sato estimated her age at 18 – past the average lifespan for the Shiba Inu breed, according to AFP.

Shiba Inu developers are working with internet domain player D3 to introduce a “.shib” internet and top-level domain to the market as part of a push toward identity-focused projects.

Its existence is largely meant to be a joke. The crypto token's mascot is the Shiba Inu -- a dog breed known for its meme usage well before the introduction of the token.

That's why, Shiba Inu's price more than tripled twice in 2024, only to give up those gains as suddenly as they appeared. In 2021, this token rose in value by 1,000% in a matter of weeks twice.