Shiba Inu (SHIB) has tested the patience of millions of investors after a long stretch of sideways trading. Once hailed as the ‘Dogecoin-killer,’ SHIB’s explosive rallies have slowed, leaving holders wondering: when will Shiba Inu finally resume making money for investors? With whale accumulation, a rising burn rate, and Shibarium adoption in focus, its price is still not moving up the charts. The golden goose that once shared massive returns is barely performing, with traders losing hope on its prospects. In this article, we will highlight when Shiba Inu could resume making money for investors.
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Shiba Inu’s Money-Making Capability To Resume Soon?
Nobody in their wildest dreams thought that Shiba Inu could surge 85,000,000% between 2020 and 2021, making investors tons of money. After traders took an entry position in 2021, nobody assumed it would reverse in price and remain stagnant for years, either. The cryptocurrency markets, especially the meme coin sector, work in mysterious ways, defying all chart predictions and in-depth analysis.
The price rise in 2020-2021 was simple. It skyrocketed in value as the broader cryptocurrency market was brimming with new and first-time investors. All thanks to Tesla CEO Elon Musk’s endorsement of Dogecoin back then. The cryptocurrency market gained mainstream media attention, making average people notice the unbelievable price surge. Meme coins were hot and happening, with Dogecoin and Shiba Inu generating massive money for holders.
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This is when new and first-time investors entered the markets in millions, taking entry positions. Since then, another batch of investors this big have failed to make it into the cryptocurrency markets. It’s now just a few bits and pieces of new traders around the world, and not a pack of them. For Shiba Inu to resume making money again, millions of new and first-time investors need to enter its fold. Until then, SHIB, Dogecoin, and other leading meme currencies will only remain trading sideways.