Down 70%, Will This Popular Crypto Bounce Back Before 2023?

Shiba Inu (CRYPTO: SHIB) wowed investors last year with its 45,000,000% gain over the course of 2021. But this year, the popular meme token hasn't taken the same path. Shiba Inu declined 70% in the first half of the year. The reason? There are many.

Concerns about the economy have weighed on riskier assets -- and this includes the cryptocurrency market. Investors also worried about Shiba Inu's ability to stand out from other rivals -- and justify big gains.

Now, with six months left in the year, could Shiba Inu bounce back? Let's find out.

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Source Fool.com