3 Big Reasons to Sell Shiba Inu in 2022

The stock market had a really strong year in 2021, with the S&P 500 index returning 27%, or double its 10-year average. But that pales compared to the gains witnessed in some cryptocurrencies, especially the controversial meme-token Shiba Inu (CRYPTO: SHIB).

It rocketed in price from $0.000000000077 to $0.00003374 per token between Jan. 1 and Dec. 31, 2021, logging a 43,800,000% return for the year. That means for every $2.29 you invested in Shiba Inu on Jan. 1, you'd have made $1 million by the end of 2021 (assuming you held on).

The cryptocurrency markets move fast, and the above scenario only tells part of the story. Shiba Inu was actually up significantly more, printing a high of $0.000086 in October, so investors who were late to the party might be sitting on losses of 63% right now.

Source Fool.com