Shiba Inu Is Down 60%, and It Could Get Worse in 2022

Today we'll be closing the door on 2021, and on some very strong gains in the stock market. But they don't hold a candle to the fireworks we've seen in cryptocurrencies this year.

It was a latecomer, garnering most of its attention in October, but Shiba Inu (CRYPTO: SHIB) has generated a year-to-date gain of 43,500,000% as 2021 ends. It's an eye-popping result for investors who have held on since Jan. 1. For every $3 they invested on that date, they'd have $1.3 million today.

As staggering as it sounds, Shiba Inu was up by more than double that in October when it hit its all-time high of $0.000089 per token. It has since plunged by more than 60% to $0.000034, leaving many later investors underwater on their holdings.

Source Fool.com