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Shiba Inu: Bull vs. Bear

TheMotleyFool

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Shiba Inu: Bull vs. Bear: https://g.foolcdn.com/editorial/images/695800/a-shiba-inu-dog.jpg

Shiba Inu (CRYPTO: SHIB) stands as one of history's most intriguing and unexpected investment success stories. Started as a partial parody of Dogecoin, which was itself started as a riff on Bitcoin, the SHIB cryptocurrency posted gains of roughly 46,000,000% across 2021's trading and generated fortunes for those who made fortuitously timed investments and sales. However, the token has lost substantial ground in subsequent trading and is now down roughly 86% from the high it hit in October last year.

What comes next for Shiba Inu? Read on for a look at bullish and bearish dynamics that could shape the meme coin's performance going forward.

Image source: Getty Images.

Source Fool.com

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