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5 Reasons Shiba Inu Can Head Higher, and the Big Reason It Should Be Avoided

Since hitting a pandemic low in March 2020, the market value of all digital currencies has grown 20-fold to $2.84 trillion. Of the more than 13,700 available cryptocurrencies, none has had a more impressive run of late than meme coin Shiba Inu (CRYPTO: SHIB). Since their debut on Aug. 1, 2020, SHIB tokens have galloped from a microscopic $0.00000000051 per token to $0.00005529, as of the late evening on Nov. 7, 2021.