Here's Shiba Inu's Only Path to $1
Controversial meme-token Shiba Inu (CRYPTO: SHIB) rose to prominence during the retail investor frenzy of 2021. For the year, it generated a return of 43,800,000%, blowing every other asset class out of the water, including other cryptocurrencies.
In dollar terms, that would've turned an investment as small as $2.29 into $1 million. For context, the same $2.29 investment in crypto-leader Bitcoin would've grown to a measly $3.65 since that token only appreciated 59.8% for the year.
But much of the air has come out of Shiba Inu since hitting its all-time high of $0.000089 back in October. In fact, it's down 86% from that point to just $0.000012 per token today. The Shiba Inu community is still hopeful for a resurgence, so what really stands in the way of the token rocketing toward $1?
Source Fool.com
