Meet the $589 Trillion Problem Stopping Shiba Inu From Reaching $1
The total value of all cryptocurrencies in circulation hit an all-time high of $3.9 trillion in December, thanks mostly to solid gains in Bitcoin (CRYPTO: BTC), which makes up more than half of that value on its own. Bitcoin is one of the only major cryptocurrencies that has recently set a new record high -- Ethereum, XRP, Dogecoin, and Shiba Inu (CRYPTO: SHIB) are still trading below their best-ever levels from several years ago.Shiba Inu is one of the most interesting stories. It remains 81% below its peak from 2021, which is the year it delivered one of the best returns in the history of financial markets. It soared by 45,278,000% between Jan. 1 and Dec. 31, 2024, which would have been enough to turn an investment of just $3 into over $1 million. Continue reading
The total value of all cryptocurrencies in circulation hit an all-time high of $3.9 trillion in December, thanks mostly to solid gains in Bitcoin (CRYPTO: BTC), which makes up more than half of that value on its own.
Bitcoin is one of the only major cryptocurrencies that has recently set a new record high -- Ethereum, XRP, Dogecoin, and Shiba Inu (CRYPTO: SHIB) are still trading below their best-ever levels from several years ago.
Shiba Inu is one of the most interesting stories. It remains 81% below its peak from 2021, which is the year it delivered one of the best returns in the history of financial markets. It soared by 45,278,000% between Jan. 1 and Dec. 31, 2024, which would have been enough to turn an investment of just $3 into over $1 million.
