Is Shiba Inu Coin Still a Good Investment?
Shiba Inu is a relatively new coin that can be an excellent hedge for an investor’s portfolio. It is one of the most recent meme tokens to gain popularity.
SHIB inspires dog-lover artists worldwide to foster what the creators refer to as the ‘artistic Shiba movement,’ bringing the Shiba community to the NFT market.
This level of enthusiasm for SHIB is not uncommon. Numerous parabolic price rallies in a diverse range of crypto currencies have been documented throughout these years.
However, Shiba Inu’s meteoric rise to prominence in such a short period is truly remarkable.
The crypto token has been relegated to the bottom of the barrel recently. Since reaching its high point, the SHIB currency has lost 63 percent of its value as speculative interest in the token has waned.
Numerous factors are driving the rise in the price of Shiba Inu, including the fear of missing out.
Shiba Inu had been a monster performer, accumulating a mind-boggling 47,300,000 percent so far this year and presenting a fortunate few with life-altering earnings.
Despite this, the tremendous volatility of the coin has resulted in profits that have vanished almost as rapidly as they have appeared.
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