Published on 27 Apr 2024 on Motley Fool via Yahoo Finance
With a market cap of $15.6 billion, Shiba Inu (CRYPTO: SHIB) is one of the meme kings of cryptocurrency. While it might not be a safe investment, its mind-boggling price gain in 2021 is more than enough to make investors curious about how to identify other meme token and coin investments with similar potential.
Despite the less-than-serious subject matter, taking a serious and structured approach to investing in meme cryptos can lead to favorable returns. So, if you're looking to find the next Shiba Inu, keep an eye out for these three things.