Shiba Inu trades 94% off its record high as of June 2. The author predicts the meme token will never reach its all-time high again. The 2021 rally was fueled by COVID-19 stimulus checks, near-zero interest rates, and crypto hype. Shiba Inu does not rank among the top 100 cryptocurrencies by developer activity, per Electric Capital.
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Pepe vs Dogecoin: Meme Coin Comparison
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