Investors in Shiba Inu benefited from mind-blowing gains last year. The dog-themed cryptocurrency gained almost 90,000,000% at its highs in October 2021, but even after its price slid, it ended 2021 with a gain of about 40,000,000%. That's hard to fathom. But more importantly, since it began to lose value in November, it hasn't shown signs of rebounding. So if enthusiastic investors bought in at the height of the frenzy, they've only lost money.
There's always a chance Shiba Inu's price will rise again. Dedicated investors are working on getting more value out of the cryptocurrency, such as creating an NFT art incubator and a decentralized exchange for trading Shiba Inu called ShibaSwap. But investors, especially those new to cryptocurrency, may want to move on to other coins with greater potential. One cryptocurrency to consider that's making its mark on the scene is Waves (CRYPTO: WAVES).
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Source Fool.com