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Shiba Inu: Bull vs. Bear

TheMotleyFool

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Shiba Inu (CRYPTO: SHIB) has taken investors on an incredibly wild ride since it first hit the market in August 2020. While the token trades down roughly 87.5% from its lifetime high, its price is still up more than 19,000,000% from its debut and has climbed 32% year to date.

Is the controversial meme-powered cryptocurrency gearing up for the next legs of another massive run, or are bullish investors barking up the wrong tree? Read on for a look at bullish and bearish scenarios and dynamics that could shape the SHIB token's future.

Image source: Getty Images.

Source Fool.com

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