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Is There a Future for Shiba Inu?

TheMotleyFool

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Is There a Future for Shiba Inu?: https://g.foolcdn.com/editorial/images/839140/dog-with-laptop.jpg

Remember four years ago, when meme coins Dogecoin and Shiba Inu (CRYPTO: SHIB) were skyrocketing in value? It just seemed so incredibly easy to make money hand over fist by speculating in silly dog-themed meme coins.

That was then, this is now. Shiba Inu is down 54% for the year and shows few signs of turning things around anytime soon. So what exactly does the future hold for this one-time investor favorite?

Admittedly, Shiba Inu has shown some promise of turning things around. Unlike other meme coins, which trade on pure hype and speculation, Shiba Inu seemed to offer at least the faintest glimpse of utility.

Source Fool.com

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