Is it too Late to Buy Shiba Inu in 2022?
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The market capitalization of Shiba Inu has fallen by more than 87% since its all-time high in 2021. This prompts investors to ask the question, is it too late to Buy Shiba Inu coin?
Today, we offer insight into whether SHIB is still worth adding to a crypto portfolio. Our comprehensive analysis discusses the meme coin's performance, use cases, expert viewpoints, and more.
Among Shiba Inu's claims to prominence is that it produced one of the biggest annual gains ever seen for crypto investors. However, according to statistics from CoinMarketCap, the market valuation of SHIB has fallen by around 87% when compared to its 2021 peak.
As such, this raises the question, is Shiba Inu still worth investing in?
Is it still a good time to buy Shiba Inu? Those with an appetite for risk might buy SHIB tokens whilst they're trading at a discount when compared to the start of the year. Read on, as we talk about the SHIB investment thesis in more detail.
Shiba Inu was created in August 2020 and started trading at $0.000000001. SHIB tokens remained under the radar for several months. However, by mid-May 2021, SHIB tokens had increased by 3.4 million percent, largely thanks to a sharp interest in meme tokens like Dogecoin.
Nearing the end of the same month the market crashed and Shiba Inu fell by over 76%. However, by October 2021, Shiba Inu was on the rise again, along with many other altcoins.
In fact, some SHIB investors found themselves with gains exceeding 121 million percent by the end of October that year, based on its value at the start of 2021. Is Shiba Inu still going up? The simple answer
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