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
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.
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 the 14-day charts and 4.7% over the previous month.
Will The Asset Recover
The recent crypto market rally was likely fueled by institutional investors. BlackRock purchased over $3 billion worth of Bitcoin (BTC) since Apr. 22. The lack of retail money in the market may be a reason for SHIB’s current predicament.
Low prices may also present a good opportunity for new investors to buy the asset at cheaper prices before the bull market kicks off. SHIB is an incredibly popular project with a lot of room for growth. The Shibarium network has brought more utility to the SHIB ecosystem. As more projects build on Shibarium, SHIB’s price may see an uptick.
Also Read: Top 3 Cryptocurrencies To Watch This Week
The Shiba Inu (SHIB) team is also working on a new burn mechanism. The new burn mechanism is rumored to destroy trillions of tokens yearly. The move could lead to a substantial dip in SHIB’s supply, causing a price rally. We are yet to know more about the new burn mechanism and its launch date.
Read More
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
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.
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 the 14-day charts and 4.7% over the previous month.
Will The Asset Recover
The recent crypto market rally was likely fueled by institutional investors. BlackRock purchased over $3 billion worth of Bitcoin (BTC) since Apr. 22. The lack of retail money in the market may be a reason for SHIB’s current predicament.
Low prices may also present a good opportunity for new investors to buy the asset at cheaper prices before the bull market kicks off. SHIB is an incredibly popular project with a lot of room for growth. The Shibarium network has brought more utility to the SHIB ecosystem. As more projects build on Shibarium, SHIB’s price may see an uptick.
Also Read: Top 3 Cryptocurrencies To Watch This Week
The Shiba Inu (SHIB) team is also working on a new burn mechanism. The new burn mechanism is rumored to destroy trillions of tokens yearly. The move could lead to a substantial dip in SHIB’s supply, causing a price rally. We are yet to know more about the new burn mechanism and its launch date.
Read More