Posted 3/20/2024, 10:50:00 AM
Shiba Inu Soars Over 100% in 2023, Gaining on Dogecoin as Meme Token Mania Returns
- Shiba Inu has more than doubled in value in 2023, outperforming Bitcoin and other major cryptos
- Its market cap is now over $15B; it's gaining on Dogecoin's market cap of $19B
- Speculation and momentum often drive meme token prices more than fundamentals
- There is excitement about a possible Shiba Inu ETF after Bitcoin spot ETFs were approved
- Shiba Inu is extremely volatile; it could continue to rise but also see significant losses