From NASDAQ.:



Shiba Inu (CRYPTO: SHIB) has had a volatile ride since its launch more than three years ago. While it has produced a monumental return, it is currently sitting 88% below its all-time high. The digital asset is the 16th most valuable blockchain network in the world, valued at $6 billion, and was designed to have more functionality and adoption than Dogecoin. However, adoption has not taken off, and Shiba Inu has not seen the same success as other major cryptocurrencies such as Bitcoin and Ethereum. The author believes that Shiba Inu does not make for a smart long-term investment and advises investors to consider other, more promising cryptocurrencies. The article also highlights that the Motley Fool Stock Advisor analyst team did not identify Shiba Inu as one of the 10 best stocks for investors to buy, providing a further caution against investing in this cryptocurrency. The author also points out that as of December 18, 2023, Neil Patel and his clients have positions in Bitcoin, and The Motley Fool has positions in and recommends Bitcoin, Cardano, Ethereum, and Solana.



Original: Is It Time to Buy Shiba Inu?