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Shiba Inu has a ton of entertainment potential.
But another crypto asset is far superior for the long term.
With a $6.6 billion market cap, Shiba Inu (CRYPTO: SHIB) is one of the biggest meme coins in the crypto universe. It has been a wild year so far, with SHIB losing roughly 50% of its value as of June 23.
However, there are two compelling reasons to buy before 2025 is finished. Let's take a look at Shiba Inu's potential growth catalysts.
Have some extra cash you're looking to do something fun with? Shiba Inu is the perfect fit. It has been a popular crypto token for nearly five years, showing extreme volatility at times.
In 2021, SHIB's value skyrocketed by more than 1,000% over the course of just a few months. This type of run has happened several times over its trading history. Of course, the opposite has occurred as well -- this year's 50% drop is a testament to that potential.
Still, there's no doubt that Shiba Inu is a fun asset to buy and sell for those with extra cash who are looking for a bit of entertainment. Is there any more lightning left in Shiba Inu's proverbial bottle? Catching the next big pop could be very lucrative.
It's not just the expectation of financial profit and pure fun that makes Shiba Inu an interesting buy in 2025. Researchers have also found that meme coins and meme stocks can fuel social connections, adding another layer to their allure.
"During the pandemic, people were starved for interaction and entertainment," Bloomberg columnist Matt Levine observes. "Trading GameStop became a social activity, a way to have fun and connect with others." Due to this, a recent article from the University of Pennsylvania highlighted "how social media and collective action can create an entirely new kind of valuation."
Buying Shiba Inu this year can provide you with the potential for fun and social connection. There's nothing wrong with that. But if you want to build wealth in 2025, and the decades to come, there's a far better crypto asset to consider.
Right now, markets agree that both BTC and SHIB have value, as evidenced by their multi-billion and multi-trillion-dollar market caps. But which crypto asset will retain its value most over the long term?
My bet is with the biggest: Bitcoin. As the first crypto asset, Bitcoin has a reputational advantage that can never be surpassed. Plus, its existing buy-in among both retail and institutional investors is unrivaled.
So while Shiba Inu can be a fun place to park some extra cash for entertainment purposes only, Bitcoin is far more similar to gold at this point. That makes it a superior holding for long-term investors.
Before you buy stock in Shiba Inu, consider this:
The Motley Fool Stock Advisor analyst team just identified what they believe are the 10 best stocks for investors to buy now… and Shiba Inu wasn’t one of them. The 10 stocks that made the cut could produce monster returns in the coming years.
Consider when Netflix made this list on December 17, 2004... if you invested $1,000 at the time of our recommendation, you’d have $689,813!* Or when Nvidia made this list on April 15, 2005... if you invested $1,000 at the time of our recommendation, you’d have $906,556!*
