Shiba Inu is among the top meme coins in the cryptocurrency market, sharing the dais with Dogecoin, Floki, Pepe, and Bonk. It boasts of around 1.5 million investors who are spread across the globe and dream of it hitting 1 Cent. It’s been five years since its launch, and SHIB has managed to delete six zeroes in the indices. It was trading between nine and 10 zeroes on the year of its launch in 2020.
The dog-themed token has been trading with four zeroes and is struggling to delete them for four years. Investors who took an entry position from late 2021 are all facing significant losses. Shiba Inu is hovering around the $0.000012 range on Monday and has been mostly trading sideways for three months. It has delivered little to no price spurts, and the token is testing the patience of present-day investors. However, this could be the best time to accumulate SHIB.
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Best Time to Buy Shiba Inu Could Be Now
Shiba Inu is known for its dramatic price spurts when the bull run kicks off. It also soars in price whenever a major development occurs in the cryptocurrency market. For example, SHIB skyrocketed 280% in March 2024 on the heels of the Bitcoin halving event. It then dipped in price just a week after the Bitcoin halving.
Another example is Trump’s electoral victory in November 2024, which pushed its price to rise 175%. SHIB then went south a week later and entered the bearish territory. It then briefly surged in value a day before Trump’s inauguration in January but failed to hold on to its momentum.
Also Read: Shiba Inu to $0.01 Rally Doubted but Expert Calls It Possible
The lesson learnt here is that: Buy Shiba Inu when its price is low and wait for sporadic events. It would spike unexpectedly in an upcoming situation, and it’s best to sell when it soars in value. Wait for it to fall again, and repeat the situation to make hay when SHIB shines, whenever it does. Note that Shiba Inu is only a fun meme coin and has no underlying value. So it’s best to treat it that way.
