3 Reasons I Will Never Buy Shiba Inu

Shiba Inu remains relevant thanks to its name recognition.Shiba Inu (SHIB 2.10%) is a well-known cryptocurrency network that sports a market cap of $5 billion (as of Dec. 6). Created to be a more functional blockchain when compared to predecessor rival Dogecoin, Shiba Inu has certainly made a name for itself in the community. The meme token's price has absolutely skyrocketed throughout its history, going from $0.0000000001684 about five years ago to $0.000008439 today. However, the price has been on a troubling downward spiral, tanking 60% just this year. Risk-seeking investors might want to take a chance, but here are three reasons why I will never buy Shiba Inu. Image source: Getty Images. 1. Shiba Inu doesn't solve a problem Despite the industry having a total market cap of over $3 trillion, investors could argue that the vast majority of cryptocurrencies out there don't serve a real-world purpose. It's easy to argue that Shiba Inu falls into this category. Its price moves are dependent on various hype cycles, which are totally unpredictable and aren't rooted in anything fundamental. Shiba Inu doesn't solve a problem. While there are interesting projects in place, like a metaverse, layer-2 blockchain, and a decentralized exchange, adoption is likely very tiny.

And Shiba Inu doesn't crack the top 100 list when it comes to cryptos with the most developer activity. 2. The excitement is dwindling During 2021, Shiba Inu went wild. It soared in the first half of May, and rose dramatically during October, before hitting its peak toward the end of that month on Oct. 27. The token's all-time high price is $0.00008845. However, today, it trades a gut-wrenching 90% off that record. Advertisement This long-term trend is hard to ignore, and it might indicate that the investment community is losing interest. Speculative behavior will always exist somewhere in the markets, but Shiba Inu's best days are probably behind it. ExpandCRYPTO: SHIBShiba InuToday's Change(-2.10%) $-0.00Current Price$0.00Key Data PointsMarket Cap$5BDay's Range$0.00 - $0.0052wk Range$0.00 - $0.00Volume131MAvg Vol0Gross Margin0.00%Dividend YieldN/A 3. Investors can find better places to allocate capital There is a vast sea of digital assets to choose from, so investors don't have to gamble their money on tokens like Shiba Inu. For those who want crypto exposure, the best choice is Bitcoin. Bitcoin is aiming to fix the monetary system, which is characterized by colossal levels of government debt and constantly debasing fiat currencies. Its scarcity is its best trait. Bitcoin continues to have meaningful upside as we look to the future. But if cryptocurrencies aren't of interest, then investors can choose to put their money in growth stocks that still satisfy the craving for a bit of risk and might also provide more upside. These are much better options than Shiba Inu.About the AuthorNeil Patel is a contributing Motley Fool stock market analyst covering consumer staples, consumer discretionary, financials, information technology, and communication services. Prior to The Motley Fool, Neil worked in corporate finance roles at JPMorgan Chase and Capital One. He also has experience working on a start-up in the cryptocurrency space. He holds a bachelor’s degree in business administration with a specialization in finance from Ohio State University.TMFNeilPatelRead NextDec 9, 2025 •By Chris MacDonaldHere's Why Shiba Inu Barked 3% Higher TodayDec 9, 2025 •By Will EbiefungWhere Will Shiba Inu Be in 1 Year?Dec 8, 2025 •By Emma NewberyDoes This Leading Meme Coin Have a Future?Dec 7, 2025 •By Chris Neiger1 Meme Coin to Avoid Like the PlagueDec 3, 2025 •By Johnny RiceShiba Inu Is Soaring Today-Here's WhyDec 2, 2025 •By Emma NewberyHere's Why I Wouldn't Touch Shiba Inu With a 10-Foot Pole