2 Things Shiba Inu Investors Could Learn From Dogecoin's Collapse
The stock market is an exciting place filled with innovative companies reshaping our future. History shows that a long-term approach to the market yields the best returns, evidenced by the 3,700% rise in the broad S&P 500 index over the last 40 years.
But this pales in comparison to the neck-breaking returns in some cryptocurrencies over the last 12 months alone, including a meteoric eight-figure percentage rise in meme-token Shiba Inu (CRYPTO: SHIB).
Regular investors in cryptocurrencies will recall a similar "moonshot" in longtime favorite Dogecoin (CRYPTO: DOGE), but that token is now down over 60% from its all-time high. Shiba Inu could face a similar fate, and investors should pay close attention to these two key similarities.
Source Fool.com
