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Shiba Inu Is Down 84%. Should You Buy the Dip?
Shiba Inu (CRYPTO: SHIB) could not have performed better for investors a few years ago. From the start of 2021 to its all-time high in late October that year, this digital asset absolutely skyrocketed. There are surely some very lucky speculators who amassed life-changing wealth.However, it's been a different story since then. While the overall crypto market has held up well, despite the volatility, Shiba Inu has a lot of work to do to catch up to its former glory.As of May 20, this meme token trades at $0.00001428, which is 84% below its peak from about three and a half years ago. Is it time to buy the dip with Shiba Inu? I think investors should look at both sides of the argument to gain a more thorough understanding.Continue reading
Shiba Inu (CRYPTO: SHIB) could not have performed better for investors a few years ago. From the start of 2021 to its all-time high in late October that year, this digital asset absolutely skyrocketed. There are surely some very lucky speculators who amassed life-changing wealth.
However, it's been a different story since then. While the overall crypto market has held up well, despite the volatility, Shiba Inu has a lot of work to do to catch up to its former glory.
As of May 20, this meme token trades at $0.00001428, which is 84% below its peak from about three and a half years ago. Is it time to buy the dip with Shiba Inu? I think investors should look at both sides of the argument to gain a more thorough understanding.
