Shiba Inu: Buy, Sell, or Hold in 2023?
By now, it's probably safe to say Shiba Inu (CRYPTO: SHIB) won't repeat last year's spectacular performance this year. The popular meme token is heading for a 72% decline. Shiba Inu soared a mind-boggling 45,000,000% in 2021. That's as fans known as the Shib Army rallied behind the crypto. And the fear of missing out pushed many investors to give Shiba Inu a try.
Shiba Inu continues to intrigue investors. Nearly 20% of token reserves on exchange Crypto.com are Shiba Inu, a CoinDesk report shows. That's second only to the world's biggest cryptocurrency, Bitcoin. So, now you may be wondering whether next year may be a bright one for Shiba Inu or another grim one like this year. Should you buy, sell, or hold this dynamic player in 2023? Let's find out.
Shiba Inu fans know how to drum up excitement. They brought the crypto player into the forefront last year -- even though it really doesn't stand out in any way from the thousands of other cryptocurrencies out there.
Source Fool.com
