Shiba Inu Is Bouncing Back. Should You Invest?

It's been a rough few months for cryptocurrency, but Shiba Inu (CRYPTO: SHIB) has taken an especially hard hit since late last year. While major cryptos like Bitcoin (CRYPTO: BTC) and Ethereum (CRYPTO: ETH) have fallen around 35% from their peaks in November, Shiba Inu has fallen more than 60% from its all-time high.

Over the last week, though, Shiba Inu has appeared to make a comeback. Its price has increased by more than 50% over the last seven days, and nearly 10% in the last 24 hours, as of the current writing.

Does this mean now is the right time to invest? Here's what you need to know before you buy.

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Source Fool.com