The memecoin Shiba Inu captured the attention of investors and crypto enthusiasts due to its impressive early-stage growth and dedicated community. However, the efforts of the "SHIB army" were not enough to keep the token afloat. Currently, it is trading 71.5% below its all-time high reached in October 2021.
A significant market crash often causes newcomers to panic and hastily sell off their assets. However, experienced traders view such events as an opportunity to build a solid medium- or long-term portfolio and acquire their desired coins at a discount.