From Nasdaq:

Shiba Inu (CRYPTO: SHIB) attracts investors with its incredibly low price of $0.00000968, less than one-100,000th of $ $1.00. Amid the Great Crypto Surge of late 2023, Shiba Inu performed moderately, growing by 21% in three months. Its developers are striving to legitimize the meme currency and make it the center of a suite of offerings.

Despite its ambitious developers and rapid development, Shiba Inu faces fierce competition in the crowded crypto space, making it a risky investment. With its limited growth potential and association with a novelty investment, there are likely better returns to be had from other coins and tokens.

The Motley Fool Stock Advisor team has identified 10 best stocks to buy now, and Shiba Inu isn’t one of them. Stock Advisor provides a blueprint for success, including portfolio guidance, analyst updates, and two new stock picks each month. Stock Advisor returns have more than tripled the S&P 500 since 2002.

Author Eric Volkman has no position in any of the stocks mentioned. The Motley Fool has positions in and recommends Coinbase Global and Tesla, but not Shiba Inu. Any views and opinions expressed are the author’s and do not necessarily reflect those of Nasdaq, Inc.



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