Motley Fool
Why Shiba Inu Plummeted Another 9% Today, Bringing Decline From Peak to 60%
Today, popular dog-themed cryptocurrency Shiba Inu (CRYPTO: SHIB) saw declines of 9.2% as of 1:15 p.m. ET, over the past 24 hours. In October, Shiba Inu was within spitting distance of “killing a[nother] zero,” moving toward $0.0001 per token. A variety of recent significant declines among meme tokens has investors considering the downside potential of even the most sought-after meme tokens such as Shiba Inu. The rhetoric among Shiba Inu bulls continues to focus on key catalysts such as ShibaSwap, a large recent token burn, a growing Shiba Inu community, and the potential for Shiba Inu-linked blockchain gaming.
