Better Buy: Ripple vs. Shiba Inu
The inflation-flavored 2022 has been a brutal year for most cryptocurrencies. The Shiba Inu (CRYPTO: SHIB) meme coin has fallen 88% from last October's all-time highs. The XRP (CRYPTO: XRP) token, which powers the Ripple network's international payments, is down 65% over the same period. Both digital assets took a deeper cut than the stock market; the S&P 500 index is only down 22% over the same span.
For the market in general, and for some specific cryptocurrencies, this sharp plunge will be remembered as a great time to pick up long-term winners on the cheap. However, the rising tide of the future will not lift every digital vessel. Are XRP and Shiba Inu poised for a highly profitable comeback, or have they already seen their best days?
Ripple investors need to keep up with two crucial developments.
Source Fool.com
