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3 Reasons I Will Never Buy Shiba Inu

TheMotleyFool

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Shiba Inu (CRYPTO: SHIB) is a well-known cryptocurrency network that sports a market cap of $5 billion (as of Dec. 6). Created to be a more functional blockchain when compared to predecessor rival Dogecoin, Shiba Inu has certainly made a name for itself in the community.

The meme token's price has absolutely skyrocketed throughout its history, going from $0.0000000001684 about five years ago to $0.000008439 today. However, the price has been on a troubling downward spiral, tanking 60% just this year. Risk-seeking investors might want to take a chance, but here are three reasons why I will never buy Shiba Inu.

Image source: Getty Images.

Source Fool.com

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