Usman Salis
⬤ Shiba Inu might be gearing up for another explosive rally like the one it had in 2021. Back then, SHIB went from a $2.5 billion market cap to nearly $46 billion in just four weeks — one of the wildest runs in crypto history. Recent charts show months of sideways trading, which often happens before a major breakout when market sentiment turns positive.
⬤ While the potential gains are exciting, meme coins come with serious risks. The same things that drive prices up — hype, retail money, and social media buzz — can also cause sharp drops and extreme volatility. What goes up fast can come down just as quickly.
⬤ The current chart shows SHIB trading in a tight range after its previous surge, a pattern traders often see as accumulation before the next big move. If momentum picks up, the coin could grab global attention once again as a prime example of meme coin speculation. The 2021 comparison shows both the upside potential and the dangers of betting on history repeating itself.
⬤ This renewed interest in Shiba Inu highlights how cyclical crypto markets are — community-driven tokens can rocket back into the spotlight during bull runs. Whether SHIB can reach those heights again is anyone's guess, but the token that sparked a meme coin revolution might still have one more run left in it.
Usman Salis
