How Much Could This Catalyst Boost Shiba Inu in October?
Shiba Inu (CRYPTO: SHIB) was the star performer of 2021, not just in cryptocurrency, but across the financial world as a whole. It made history with a gain of 43,800,000% for the year, which could have turned you into a millionaire for the price of a cup of coffee -- if your timing was perfect.
But 2022 hasn't been so positive. In fact, the price-per-Shiba Inu token has plunged by about 69% for the year so far. There's a long list of reasons for the pivot in investor sentiment, including a broad sell-off in high-risk assets and the fact that Shiba Inu has failed to garner mass adoption.
The community is working on several initiatives to help resurrect the token's value, but nothing has made a material impact thus far. But if there's one thing that could drum up some momentum this month, it's the release of a particular new game on Oct. 6.
Source Fool.com
