Why Shiba Inu Could Be Ready for a Bull Run in 2022

There's no question that Shiba Inu (CRYPTO: SHIB) has been one of the biggest winners of 2021. The dog-themed cryptocurrency is up a remarkable 45,000,000%, climbing from just 0.000000000073 at the start of the year to $0.000033 (going from 10 zeros to 4). To express that in simple math, a little more than $2 invested in Shiba Inu at the beginning of 2021 would now be worth $1 million.

More recently, however, the crypto token has been left in the doghouse. Since its peak on Oct. 28, the SHIB coin has declined 63% as the speculative interest in the token faded. Investors moved on to other cryptocurrencies, and Shiba Inu fell out of the top 10 cryptos by market cap.

However, there's a good chance Shiba Inu could mount another bull run in 2022. Here are three factors that could push the coin higher again.

Source Fool.com