2 Big Reasons to Sell Shiba Inu and 1 Reason to Buy
The math suggests Shiba Inu's best returns have already happened, but there is still one potential reason to own it.
Controversial cryptocurrency Shiba Inu ( SHIB 1.39% ) has declined 35% so far this year, which is a continuation of a much steeper 76% decline that kicked off in October 2021. The broader crypto market is amid a sell-off, which hasn't helped Shiba Inu's cause.
Still, the dog-inspired meme token delivered a staggering 43,800,000% return for full-year 2021, making millionaires out of investors who purchased as little as $2.29 worth of Shiba Inu on Jan. 1 and held on.
With enthusiasm cooling, the reasons for selling Shiba Inu are mounting, but there is one interesting case for owning some as part of a diverse portfolio.
Controversial cryptocurrency Shiba Inu ( SHIB 1.39% ) has declined 35% so far this year, which is a continuation of a much steeper 76% decline that kicked off in October 2021. The broader crypto market is amid a sell-off, which hasn't helped Shiba Inu's cause.
Still, the dog-inspired meme token delivered a staggering 43,800,000% return for full-year 2021, making millionaires out of investors who purchased as little as $2.29 worth of Shiba Inu on Jan. 1 and held on.
With enthusiasm cooling, the reasons for selling Shiba Inu are mounting, but there is one interesting case for owning some as part of a diverse portfolio.
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