The Hard Truth: Shiba Inu May Slump Longer Than Expected
Shiba Inu (SHIB) is an extremely popular cryptocurrency. One of the primary reasons for SHIB’s incredible popularity is its massive 2021 rally. SHIB’s price took off by many million percent during the 2021 bull run. Early investors made massive returns with minimal investments. New players in the crypto sector flocked to the project to make big money. While early players got big returns, people who entered at the top are still in losses. SHIB fans and investors are hopeful that the asset will reclaim its 2021 momentum. But this may be more difficult than many imagine. Why Shiba Inu May Not Recover Its 2021 Momentum Source: CoinGape One of the most significant catalysts for SHIB’s 2021 rally was Vitalik Buterin’s token burn. The Ethereum co-founder received half of SHIB’s entire supply upon launch. Buterin decided to burn 90% of the tokens he received. His actions led to a substantial supply dip and a massive price spike. There are still about 589 trillion S...