Crypto prices have begun showing signs of life after a rough start to the year. Meme coins like Shiba Inu (CRYPTO: SHIB) have helped lead the charge -- with its market cap soaring by over 50% to $18 billion in just seven days. But despite the rally, Shiba Inu's long-term prospects still look weak.
Let's explore two reasons investors should avoid this volatile token.
Shiba Inu's backers have carefully cultivated an online community, dubbed the "Shibarmy," focused on trading and promoting the cryptocurrency and related non-fungible tokens (NFTs), which are digital records of ownership stored on the blockchain.
Source Fool.com