Shiba Inu (SHIB) has had a couple a rough years since the 2022 market crash. SHIB’s incredible 2021 rally was one for the history books, where the asset’s price surged by many million percent. However, the popular dog-themed crypto has seen a gradual decline since its October 2021 all-time high. Many investors are sitting on losses, wondering if they will ever make a profit, or break even, with their holdings. Let’s discuss if Shiba Inu (SHIB) is still a good long-term investment. Can you still make it big with the “Dogecoin-killer”?
Is Shiba Inu The Perfect Long-Term Investment?
While Shiba Inu (SHIB) has struggled to gain momentum over the last few years, the asset is still a long way up from its lowest price point. According to CoinGecko’s Shiba Inu data, although SHIB is down by more than 90% from its 2021 all-time high, the asset is up by 12.7 million percent from its all-time low of $0.00000000005637. This could be a good sign that long-term holders have made big gains. However, there is no guarantee that Shiba Inu (SHIB) will continue to grow over the coming years. We will most likely not see million percent gains in the next five years.
However, Shiba Inu (SHIB) still commands substantial clout in the crypto realm. The asset is one of the most popular cryptocurrencies, with one of the most loyal fan bases. SHIB’s popularity is key for its potential growth.
Also Read: Shiba Inu: What Happens If 100 Trillion Coins Are Burned?
That being said, Shiba Inu (SHIB) might not be the best investment for your long-term gains. The asset falls under the “memecoin” category, which carry substantial risks. While it is entirely possible that SHIB could deliver some incredible gains over the coming years, the risk will be equally as high. Moreover, SHIB’s massive supply presents significant challenges for big gains.
