Can Shiba Inu Ever Reach $1?
Although the investment landscape is exceptionally volatile at the moment, most investment classes have performed well since the pandemic bottom in March 2020. For instance, the widely followed S&P 500 was higher by 79% from its March 2020 low, as of the closing bell on May 10, 2022.
But a 79% gain would be peanuts for the cryptocurrency space. Despite Bitcoin retracing by more than 50% from its all-time high, the aggregate value of digital currencies has soared nearly tenfold, from $141 billion to $1.4 trillion, since its March 2020 trough.
Though crypto's big players, Bitcoin and Ethereum, get a lot of credit for this nominal increase, it's coins like Shiba Inu (CRYPTO: SHIB) that are responsible for attracting a lot of new investors into the cryptocurrency arena.
Source Fool.com
