2 Signs Shiba Inu's Crash Will Continue in 2022
Soaring a jaw-dropping 60,00,000% by its peak in late October, Shiba Inu (CRYPTO: SHIB) was one of the top-performing assets in 2021. But now it is crashing, and the pain looks likely to continue in the new year. Let's explore two big reasons investors should sell this dog of a cryptocurrency in 2022.
Shiba Inu's big rally started in early October after Tesla CEO Elon Musk tweeted a picture of his Shiba Inu puppy, named Floki. After the initial spike, the coin continued to soar based on the greater-fool theory, which suggests investors can profit from buying a low-quality asset if they expect to sell it to someone else (the greater fool) at a higher price in the future.
Image source: Getty Images.
Source Fool.com
