In retrospect, 2021 was an unprecedented year in financial markets. Investors were riding high as trillions of dollars in pandemic-related stimulus from the U.S. government combined with historically low interest rates to drive a surge in the prices of real estate, stocks, and even cryptocurrencies.
Shiba Inu (CRYPTO: SHIB) was the standout performer that year across all asset classes. It delivered a gain of 45,278,000%, which could have turned a well-timed investment of just $3 into more than $1 million. However, the meme-token then suffered a peak-to-trough collapse of 92% as the crypto industry descended into crisis, headlined by the failure of leading crypto exchange FTX in 2022.
But investor confidence is returning to the crypto market, and Shiba Inu is staging a recovery. It's up 120% in 2024 already, which is even better than the 50% gain in crypto leader Bitcoin. So, can Shiba Inu make a similar historic run and soar to $0.10 from its recent price of $0.000025?
Source Fool.com