The stock market had a really strong year in 2021, with the S&P 500 index returning 27%, or double its 10-year average. But that pales compared to the gains witnessed in some cryptocurrencies, especially the controversial meme-token Shiba Inu ( CRYPTO:SHIB ) . It rocketed in price from $0.000000000077 to $0.00003374 per token between Jan. 1 and Dec. 31, 2021, logging a 43,800,000% return for the year. That means for every $2.29 you invested in Shiba Inu on Jan. 1, you'd have made $1 million by the end of 2021 (assuming you held on). The cryptocurrency markets move fast, and the above scenario only tells part of the story. Shiba Inu was actually up significantly more, printing a high of $0.000086 in October, so investors who were late to the party might be sitting on losses of 63% right now. History suggests the meme-token likely won't reclaim its highs. For investors holding onto it right now, here are three big reasons you should consider selling. Image source: … [Read more...] about 3 Big Reasons to Sell Shiba Inu in 2022
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It's been a stellar 20-plus months for the cryptocurrency market, even taking into account the crash that occurred late last week. From the pandemic low in March 2020 to Dec. 4, 2021, the aggregate value of digital currencies skyrocketed more than 15-fold to $2.3 trillion. Although the Big Two -- Bitcoin and Ethereum -- receive much of the credit for these nominal gains, it's meme coins Shiba Inu ( CRYPTO:SHIB ) and Dogecoin ( CRYPTO:DOGE ) that have come out of nowhere to become fringe top-10 tokens, in terms of market cap. Shiba Inu-themed coins have fetched massive gains for crypto investors. Image source: Getty Images. SHIB and DOGE have soared, but both are poised for massive reversions Shiba Inu is the unquestioned jaw-dropper in 2021. With a token price near $0.000036 as of late evening Dec. 4, Shiba Inu had returned more than 49,000,000% on a year-to-date basis. This means investors who put their money to work in SHIB at midnight on Jan. 1 would now … [Read more...] about 2 Cryptocurrencies That Can Surpass Shiba Inu and Dogecoin in 2022
What could knock Shiba Inu ( CRYPTO:SHIB ) and Dogecoin ( CRYPTO:DOGE ) off their lofty perches? There are a number of threats, of course. I'd rank a prolonged shift to a "risk-off" market as the most likely factor to cause the digital coins to continue sinking. It's also quite possible that some of the rising stars of the cryptocurrency world could gain momentum at the expense of Shiba Inu and Dogecoin. For example, Chainlink and Internet Computer racked up gains recently while nearly every other cryptocurrency fell. But the most worrisome risks are the ones that come as a surprise. Here's a huge threat to Shiba Inu and Dogecoin that you might not have seen coming. Image source: Getty Images. Welcome to the mainstream, crypto I won't try to build the suspense. The risk for Shiba Inu and Dogecoin that many investors might not have thought about is the mainstreaming of cryptocurrency. Just in the past couple of weeks, there have been two glaring examples … [Read more...] about Here’s a Huge Threat to Shiba Inu and Dogecoin You Might Not Have Seen Coming
With all the buzz surrounding cryptocurrency, many investors might be ready to take the plunge. The fantastic gains don't hurt, either. Bitcoin , the original cryptocurrency, is up more than 200% this year alone. Shiba Inu , the 2021 cryptocurrency breakout story, is up a mind-boggling 60,000,000% over the past year. It's enough to whet any potential investor's appetite. But between Bitcoin and Shiba Inu, there's a whole slew of cryptocurrencies growing in market cap. It can be confusing, since many of them offer similar benefits. That's why if you're new to cryptocurrency, I recommend getting your feet wet in a cryptocurrency that's easy to understand but also offers high potential for gains. That's why I'd start with Ethereum ( CRYPTO:ETH ) . Image source: Getty Images. What is Ethereum? Ethereum is a platform that uses blockchain to facilitate transactions, and developers use its native token, Ether, for payments. Because it's a platform, not just a digital … [Read more...] about New To Crypto? Buy This
2021 was a breakout year for cryptocurrencies , with the cumulative value of all tokens exceeding $2 trillion for the first time. Cryptocurrency advocates will often argue that the industry is the future of money, but with multi-million percentage point gains in tokens like Shiba Inu -- which has almost no utility as a payment mechanism -- it's hard to ignore the rampant speculation that cripples the potential for widespread adoption. For investors seeking a little more surety in 2022, three Motley Fool contributors have selected Fiserv ( NASDAQ:FISV ) , Unity Software ( NYSE:U ) , and MongoDB ( NASDAQ:MDB ) as great options with strong growth potential to boot. Image source: Getty Images. Powering payments for (almost) everyone Anthony Di Pizio (Fiserv): It's a company that operates in the shadow of more recognizable consumer-facing payment giants like Paypal Holdings and Block , but Fiserv has touch points with almost 100% of households in … [Read more...] about 3 Disruptive Stocks to Buy Before You Invest in Cryptocurrency
Two months ago, it seemed inevitable that Ethereum ( CRYPTO:ETH ) would break through the $5,000 ceiling. The popular cryptocurrency hit an all-time high just below $4,900 in mid-November, and momentum was on its side. But it didn't happen. Digital currencies have corrected sharply in recent weeks, and Ethereum has tumbled along with most of the market. With the digital currency trading at roughly $3,150 on Wednesday morning, it would have to climb 59% to hit $5,000. A milestone that seemed so attainable and obvious just a couple of months ago now seems so far away. Ethereum can still get there. There's never a dull moment for the world's second-most-valuable cryptocurrency. It's just no longer a foregone conclusion that it will happen anytime soon. Let's break down the bullish case for Ethereum hitting $5,000 as well as the roadblocks that could stop that from happening. Image source: Getty Images. Eyes on the prize Ethereum didn't plant the flag on crypto; it … [Read more...] about Can Ethereum Reach $5,000?