Last year, Shiba Inu ( SHIB -1.98% ) became an sensation in the crypto community. The meme token went viral in early October after Tesla Chief Executive Officer Elon Musk tweeted a picture of Floki, his adorable Shiba Inu puppy. In doing so, Musk inadvertently helped send the token’s price soaring. In fact, despite falling sharply from its late-October high, Shiba Inu still generated a return of over 42,000,000% in 2021.
However, the meme token is now down 75% from its peak, so many investors are hunting for the next Shiba Inu. Unfortunately, very few (if any) assets produce such extraordinary returns in a century, let alone a single year. But there are still plenty of compelling investment ideas in the crypto market. For instance, the Internet Computer ( ICP -1.21% ) is a blockchain project that seeks to decentralize the internet and disrupt the cloud computing industry. And with the ICP coin down 98% from its high, this crypto could generate tremendous wealth over the next 20 years.
Here’s what you should know.
Image source: Getty Images.
The big picture
The internet is now structured in a very centralized manner, as a small number of tech titans dominate the cloud computing industry. The likes of Microsoft Azure and Amazon Web Services (AWS) enable countless organizations and developers to build applications, offer services, and store sensitive data. That means those cloud providers have access to and (to some extent) control over a tremendous amount of proprietary content.
Even Ethereum, a platform touted as being decentralized, actually suffers from a highly centralized architecture. AWS alone powers 25% of all Ethereum workloads, according to Amazon, and centralized cloud providers host more than 60% of all Ethereum nodes (computers).
But the Internet Computer is built differently. At scale, the blockchain will connect millions of machines across thousands of independent data centers, creating a truly decentralized computing platform…
