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Is Shiba Inu Ready for a Bull Run?

TheMotleyFool

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Shiba Inu (CRYPTO: SHIB), the top-performing cryptocurrency in 2021, skyrocketed more than 40,000,000% during the year. Meme-stock mania carried over to digital assets, pushing the prices of some tokens to new heights for no fundamental reason. Profit-seeking investors want a repeat performance this year.

With Shiba Inu down 30% so far in 2022 (as of March 9), some speculators might be hoping for a quick bull run that turns things around. Wild price swings are normal when it comes to cryptocurrencies, and as a result, people are tempted to try and time the market. This is a losing game, especially with a cryptocurrency like Shiba Inu, whose future is questionable.

The dog-inspired meme token is best avoided. Here's why.

Source Fool.com

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