Just How High Can Shiba Inu Fly in 2023?
The question of how high one of the most popular cryptocurrencies, Shiba Inu (CRYPTO: SHIB), can fly is undoubtedly on the minds of many investors. After all, this digital asset has seen one of the most incredible price appreciations in short order in recent history. The token's multimillion-percent gains since inception have clearly been taken seriously by traders and speculators.
Now, with Shiba Inu's valuation hovering around $7.5 billion at the time of writing, the question is, how much higher can this token surge? I guess anything is possible in a market where valuations don't matter.
However, as we've seen with last year's marked sell-off in most risky assets, investors care about valuations more than ever. Thus, it's difficult to pinpoint exactly where this meme token will end the year.
Source Fool.com
