Despite falling recently, Shiba Inu (CRYPTO:SHIB) has still skyrocketed over 77,000,000% in the last year, a figure that would be inconceivable in virtually every other asset class. At that pace, $1,500 invested in Shiba Inu last November would be worth over $1 billion today. And that jaw-dropping fact may have some investors ready to throw money at this Dogecoin-inspired token.
However, Shiba Inu offers very little utility, and hype alone has been the primary driver behind its soaring price. More to the point, the chances of Shiba Inu delivering a repeat performance are virtually nonexistent. So if you want to invest in cryptocurrency, it’s best to look for opportunity elsewhere.
Several blockchain projects feature cryptocurrencies with far greater promise, and those assets are more likely to appreciate in value over time. For instance, Ethereum (CRYPTO:ETH) and Solana (CRYPTO:SOL) have tailwinds working in their favor. Here’s why.
Ethereum is a programmable blockchain. That means, in addition to storing transaction data, the network can execute smart contracts, computer programs that run automatically when predefined conditions are met. That technology forms the basis