Shiba Inu vs. Bitcoin in January 2022: What Really Happened? (And What it Means Now)
Remember January 2022? The crypto market was buzzing! And a key question was, "Shiba Inu locked horns with Bitcoin in January 2022 and this happened... what *exactly* happened?" While Bitcoin remained the dominant force, Shiba Inu (SHIB) was making waves, capturing investor attention and challenging the established order.
Shiba Inu\'s January 2022 Surge: A Meme Coin Moment?
Shiba Inu (SHIB 0.81%) was a dream come true for some investors last year. This young cryptocurrency surged 45,000,000% over the 12 months. That incredible rise fueled a lot of the hype surrounding the coin, and January 2022 saw a continuation of that trend. As per a report curated by CryptoDiffer, it was revealed that Shiba Inu was the most popular coin on CoinMarketCap in the month of January. The meme coin took over, grabbing headlines and sparking discussions across the crypto sphere.
The Reality Check: Shiba Inu\'s Price Correction
However, the hype didn\'t translate into sustained gains. Shiba Inu has plunged more than 60% since hitting its peak in late October. The initial surge was based, in part, on the "greater-fool assumption," and in 2025, Let\'s explore two big reasons investors should sell this dog of a cryptocurrency. 1. The greater-fool assumption is broken. Shiba Inu\'s big rally started.
While January 2022 saw Shiba Inu challenge Bitcoin in terms of popularity and search volume, the underlying market dynamics were shifting. Coupled with the risk of another crypto sell off, it’s not worth taking a big chance with it today. Recent developments have been blown out of proportion, highlighting the volatility inherent in meme coins.
Shiba Inu\'s Current Status: A Pivotal Moment
At a pivotal point, Shiba Inu\'s price is trying to recover from a sharp drop while confronting the possibility of a death cross. The possible development of this bearish pattern could increase selling pressure. Shiba Inu faces weak support, as short-term holders cash out, threatening any breakout rally. The MVRV Long/Short Difference is at a 6-month low, signaling possible further downside. The excitement of January 2022 feels like a distant memory for some.
What to Do Now? Focus on Informed Trading
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