Should You Invest in Shiba Inu in 2023?
Shiba Inu (CRYPTO: SHIB) crushed the market in 2021. The popular meme token soared a mind-boggling 45,000,000%. Investors started this year with optimism, hoping the cryptocurrency would add to its gains. But that didn't happen. Instead, like the general crypto market, Shiba Inu tumbled. In fact, it's heading for a 72% loss this year.
Now, looking ahead to 2023, investors may wonder if Shiba Inu will rebound. The cryptocurrency has a lot going on right now, after all. It's working on a scaling solution and a metaverse project. Does this mean you should invest in Shiba Inu in 2023 -- and bet on a year of gains?
First of all, what spurred Shiba Inu's enormous increase a year ago? The support of its followers -- the Shib Army -- brought this crypto player to the forefront. And as Shiba Inu climbed, many investors piled in, driven by the fear of missing out.
Source Fool.com
