During 2021, at the height of meme-stock mania and amid a crypto bull market, Shiba Inu (CRYPTO: SHIB) saw its price skyrocket. Those who were lucky enough to get in benefited from tremendous gains. 

But it's been a different story over the past couple of years. The excitement around this dog-inspired cryptocurrency has dropped off significantly. As of this writing, the price of Shiba Inu is down 92% from its October 2021 all-time high. 

Some bold investors might be eyeing this crypto as a potential buying opportunity, while critics think it's best to stay far away. What course of action should you take? Here's a look at both sides of the aisle. 

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Source Fool.com