Missed Out On Shiba Inu? Buy This Breakout Cryptocurrency Instead

Shiba Inu (CRYPTO: SHIB) skyrocketed to an all-time high in October, rising more than 153,000,000% from its 52-week low on Nov. 28, 2020. However, the meme token has since lost nearly half of its value, showcasing how quickly the tide can turn when dealing with volatile crypto assets, especially those backed by hype.

Of course, some investors may see this as a buying opportunity, but I would exercise caution. The odds of Shiba Inu delivering an encore performance are slim, to say the least. More importantly, there are over 7,500 other cryptocurrencies to consider, and many of them look like much better long-term investments.

Here's what you should know.

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Source Fool.com