Still Holding Shiba Inu in a Bear Market? Here's What to Know
Shiba Inu (SHIB) has had a rough few years. The asset climbed to an all-time high of $0.00008616 on Oct. 28 of 2021. SHIB’s price has fallen by more than 86% since its 2021 peak. The project’s market cap has also taken a hit over the last few months. SHIB was once among the top 20 crypto projects by market cap. It is currently the 23rd largest crypto project. Shiba Inu’s Lackluster Performance Source: Watcher.Guru SHIB climbed to $0.000036 in March of 2024. It then faced a big price correction before climbing to $0.000032 in December of 2024. Since December, SHIB has struggled to reclaim the $0.00003 price level. One of the most significant reasons for SHIB’s lackluster performance could be the overarching bearish market environment. Bitcoin (BTC) has hit multiple all-time highs. A few assets, such as Solana (SOL), BNB, and Pepe (PEPE), have followed BTC’s trajectory to new peaks. SHIB, unfortunately, is not one of those assets. Another reason Shiba Inu (SH...