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Shiba Inu Has Soared 44% to Start 2023, but This Single Issue Could Stop the Rally

TheMotleyFool

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Shiba Inu Has Soared 44% to Start 2023, but This Single Issue Could Stop the Rally: https://g.foolcdn.com/editorial/images/717513/a-sad-shiba-inu-puppy-sitting-inside-a-cage.jpg

Shiba Inu (CRYPTO: SHIB) is no theme park attraction, but it has taken investors on a roller-coaster ride over the last few years. The meme-token delivered one of the greatest returns in financial market history during 2021, soaring by 43,800,000%. A perfectly timed investment of just $10 in that year would've turned into more than $4 million.

But speculation fever is a double-edged sword, and that euphoria evaporated in 2022, sending the token on a downward spiral that ended in a 76% loss for the year.

Source Fool.com

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