Shiba Inu: Is $0.0001 a Realistic Year-End Target?
Until recently, the stock market was enjoying one of its strongest bounces from a bear market bottom in history. It took a little over a year for the benchmark S&P 500 to double in value from its pandemic intra-day low. But when compared to the cryptocurrency space, the gains in stocks look like peanuts.
Since the pandemic low of March 2020, the aggregate value of digital currencies has catapulted almost $1.6 trillion, which translates into a move of more than 1,100%. While Bitcoin and Ethereum, which account for approximately 62% of total crypto market value, are responsible for a significant portion of this nominal value increase, it's lesser-known coins like Shiba Inu (CRYPTO: SHIB) that have been courting droves of new investors into the crypto realm.
Shiba Inu-inspired coins were virtually unstoppable in 2021. Image source: Getty Images.
Source Fool.com
