Here's Why Shiba Inu Plunged 30% This Month

Shiba Inu's (CRYPTO: SHIB) price has declined 30% during the past month and underperformed many other cryptocurrencies. During the same period, Bitcoin's (CRYPTO: BTC) price fell 8% as Dogecoin's (CRYPTO: DOGE) price dropped 26%.

Does Shiba Inu's pullback represent a buying opportunity for patient investors? Let's review the main reasons for the meme token's month-long decline -- and if it's poised for a big comeback during the next few months.

Image source: Getty Images.

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Source Fool.com