From Nasdaq:

Investing in crypto has made many people rich. Shiba Inu (CRYPTO: SHIB) gained popularity in 2021. Could there be another strong bull run for Shiba Inu in the future? With more money in crypto, there may be potential for Shiba Inu to rise in value.

Digital currencies could rise in value together if an exchange-traded fund (ETF) for Bitcoin (CRYPTO: BTC) gets approval. The approval of an ETF could make investing in crypto more accessible. Analysts project that regulators may approve a Bitcoin ETF as early as January.

Shiba Inu’s popularity makes it one of the most popular coins in the world. It has a market cap of $6.2 billion and is the 16th most popular cryptocurrency. Shiba operates on the Ethereum network, giving it utility beyond being a meme coin.

A challenge with crypto remains in predicting its future value. While a Bitcoin ETF approval could spark a rally, Shiba Inu’s recent performance suggests it may no longer have the same potential to surge in value as it did in 2021. It remains a highly speculative buy.

Investors shouldn’t expect miracles from Shiba Inu. It’s a risky asset and might not be a better investment than Bitcoin. The Motley Fool’s Stock Advisor service does not include Shiba Inu in its list of recommended stocks for investors to buy.



Read more: Will Shiba Inu Create Any More Millionaires?