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Here's Why Shiba Inu Could Outperform Bitcoin in 2023

TheMotleyFool

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Here's Why Shiba Inu Could Outperform Bitcoin in 2023: https://g.foolcdn.com/editorial/images/716912/shiba-inu-dogecoin.jpg

2023 is off to a precarious start, with the market higher but a lot of uncertainty in the air about economic and market conditions moving forward.

Crypto has begun to poke its head out with the price of Bitcoin (CRYPTO: BTC) rebounding nicely and recently topping $21,000 in hopes of cooling inflation and a weakening dollar. While I don't know what the future holds this year, if inflation keeps cooling and the Federal Reserve stops raising interest rates, there is a chance for a more bullish year for the broader crypto market.

In a bull market and more of a risk-on environment, I see the potential for the popular meme token Shiba Inu (CRYPTO: SHIB) to beat Bitcoin in 2023. Here's why.

Source Fool.com

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