Historically, the stock market is one of the greatest wealth creators on the planet. There have been short periods of time where housing, gold, or other commodities have outperformed stocks, but no other investment vehicle has delivered a higher average annual return over the long run than the stock market.

But in the short run, cryptocurrencies have emerged to leave the broader market eating their dust. The most jaw-dropping outperformance can be seen from meme coin Shiba Inu (CRYPTO:SHIB), which launched at the beginning of August 2020.

Over the past 15 months, the benchmark S&P 500 has gained a healthy 39%. Meanwhile, Shiba Inu’s SHIB tokens have gained (I hope you’re sitting down for this…) 16,119,508%, based on a price of $0.00008221 per token. That’s not a typo. That’s a gain of better than 16.1 million percent in 15 months.

A close-up of a Shiba Inu-breed dog.

The Japanese Shiba Inu dog breed has inspired a couple of successful cryptocurrencies. Image source: Getty Images.

Shiba Inu’s short-term gains are historic, but its future looks bleak

How on Earth does an investable asset rise over 16,100,000% in a little over a year? For SHIB, it’s a confluence of factors.
Source…