Is Shiba Inu a Good Investment? Things to Consider Before Buying SHIB in 2025
Shiba Inu (SHIB) is among the most popular cryptocurrencies in the market. The asset’s astronomical rally during the 2021 bull run solidified its name as a “millionaire-maker.” Several early investors made massive returns with minimal investments. While SHIB continues to be a popular crypto asset, the coin has failed to regain its 2021 momentum over the last few years. Also Read: Bitcoin Will Be More Valuable Than the US Dollar: Venture Capitalist Shiba Inu Struggles To Find Footing Source: Watcher Guru SHIB has faced a substantial price dip since its 2021 highs. The dog-themed crypto reached an all-time high of $0.00008616 on Oct. 28, 2021. SHIB’s price has fallen by more than 85% since its peak. Source: CoinGecko Also Read: Weaponization of the U.S. Dollar: $300B Frozen & the Global De-dollarization Shift SHIB is currently down by 2% in the daily charts, 6.6% in the weekly charts, and 47.4% since May 2024. Despite the big red numbers, the asset is up 1.5% in th...