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Cryptocurrency trader now a billionaire after purchasing $3,400 Shibu Inu

Shiba Inu began as a joke and is now the ninth biggest digital coin in the world after just 15 months.

One person who has not been named purchased 9 lots of the coin in August of 2020 when it first launched and is now a billionaire following the coin’s success.

The coin is worth $0.00006582 right now and has skyrocketed this month.

Elon Musk recently tweeted about the coin, also helping its success.

Investors are warned as the market can be extremely volatile and analysts do not expect the coin to ever make it over $1.00.

They also feel it will not be able to outcompete its rival, Dogecoin.

Related: Is Shiba Inu cryptocurrency coin coming to Robinhood? What is the price?

Categories: BusinessNews