Should You Buy Shiba Inu While It's Under $0.01?
It's waiting for its turn for glory as Bitcoin and other cryptocurrencies have soared over the past year.
Shiba Inu (CRYPTO: SHIB) can't seem to catch a bid. The adorable meme coin hasn't joined in the rally that other cryptocurrencies have seen over the past year. Bitcoin has risen 58% over the past year, and XRP is up 365%. Even Dogecoin has gained 32%.
Yet, Shiba Inu has dropped 42%. The token's price is currently $0.000013.
It creates an interesting proposition for risk-seeking buyers. The cryptocurrency markets have experienced ups and downs, and the friendly stance the Trump Administration has taken toward the crypto space bodes well for investor enthusiasm, which could lift prices across the board.
