A Long-Awaited Catalyst Arrives: Can This Push Shiba Inu to $0.0001?
If you think the stock market has performed well since the pandemic bottom in 2020, take a gander at the cryptocurrency space. While a roughly 100% gain in the broad-based S&P 500 since March 2020 is nothing to sneeze at, the aggregate value of digital currencies has increased by more than $1.7 trillion, or in excess of 1,200%, in the same time frame.
Although Bitcoin and Ethereum account for a sizable portion of this nominal increase in crypto market value over the past two years, it's highfliers like Shiba Inu (CRYPTO: SHIB) that have really drawn retail interest into the digital currency arena.
In a typical year, the top-performing publicly listed stock that isn't a microcap is probably going to gain 2,000%, or perhaps a bit more. Last year, Shiba Inu delivered what may go down as the single greatest one-year gain we'll ever see from an investable asset.
Source Fool.com
