Meme coin Shiba inu (SHIB) has delivered tremendous returns for early investors, but it’s nowhere close to the price it traded near at the end of 2021. Nonetheless, some speculative traders are ...

Shiba inu is a speculative cryptocurrency that is down by more than 40% over the past year. Some investors may view this crypto as a buy-the-dip opportunity, but it doesn’t have any intrinsic value.

With a $6.6 billion market cap, Shiba Inu (SHIB 4.76%) is one of the biggest meme coins in the crypto universe. It has been a wild year so far, with SHIB losing roughly 50% of its value as of June 23.