Crypto Comeback: Can Shiba Inu Reach $1?
The stock market has trended lower this year, but it's not quite as beaten up as the cryptocurrency market. In November 2021, the cumulative value of all crypto tokens in existence topped $2.9 trillion, but just a few months ago that figure hit a low of $860 billion.
A broad recovery appears to be in motion, with market leader Bitcoin (CRYPTO: BTC) now trading at $24,371, or about 38% off its 2022 low point.
But meme token Shiba Inu (CRYPTO: SHIB), which stole the limelight from other cryptocurrencies in 2021 with a whopping 43,800,000% return, has tripled from its 2022 low price of $0.000006 to trade at $0.000018 as of this writing. But is it on the way to many investors' long-term target of $1?
Source Fool.com
