In 2021, there was probably no single asset that performed better than Shiba Inu (CRYPTO: SHIB). Its price absolutely skyrocketed through the first 10 months of that year, benefitting from a generally strong year for risky assets.
But as of this writing, the dog-themed cryptocurrency sits 91% below its all-time high. It appears as though investors have lost excitement for the once high-flying Shiba Inu.
Does this mean that now is a good time to buy the dip? Here's why I think that's a poor decision.
Source Fool.com