DailyHum Logo
Here's How Low Shiba Inu Could Fall
Nov 28, 2021 | The Motley Fool
Picture - Here's How Low Shiba Inu Could Fall

You might not realize it, but Wall Street has delivered historically impressive returns over the past 20 months. After losing a third of its value in about a month during the coronavirus crash, the benchmark S&P 500 has bounced back to gain more than 100%.

But for cryptocurrencies, a 100% gain is seemingly just another week at the office. Over the same stretch that the S&P 500 has delivered its strongest performance from a bear-market bottom on record, the aggregate value of digital currencies has grown about 19-fold to $2.66 trillion.

With crypto's "Big Two," Bitcoin and Ethereum, accounting for 62% of this $2.66 trillion in market value, it's no surprise they get a lot of credit for this massive move higher. However, meme-based coin Shiba Inu(CRYPTO:SHIB) has left these "blue-chip" cryptocurrencies, and frankly every other digital currency, in the rearview mirror in 2021.

Sponsored
9 hours ago | FOX Business
Costco is taking on Starbucks
Travel news from France
17 hours ago | A Luxury Travel Blog
Travel
Top 5 art experiences in western India
13 hours ago | A Luxury Travel Blog
Travel