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Shiba Inu Is Skyrocketing: Is It a Top Cryptocurrency to Buy Right Now?

TheMotleyFool

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Shiba Inu Is Skyrocketing: Is It a Top Cryptocurrency to Buy Right Now?: https://g.foolcdn.com/editorial/images/769177/shiba-inu.jpg

After a tumultuous 2022 that saw crypto asset prices tank, the cryptocurrency market has come roaring back in the last 14 months. With this favorable backdrop in mind, it's not surprising that some of the most speculative tokens are on the way up.

Look at dog-themed meme token Shiba Inu (CRYPTO: SHIB). Yes, it remains 64% off its peak price from October 2021. But as of March 13, the digital asset has skyrocketed 238% in just the last month.

Given this powerful momentum, perhaps supporters are hoping there are better days ahead. Is Shiba Inu a top cryptocurrency to buy right now?

Source Fool.com