Shiba Inu is one of the talked about coins and has great potential. But before your hopes get high, there are things you need to know about this coin.
Shiba Inu was created in August 2020, dubbing itself the 'Dogecoin killer'. In early October 2021, the exchange price of the cryptocurrency notably surged. Its value increased 240% over the week. However, at the beginning of November the price dropped and continued to fall, ending the month having lost approximately 55% of its value.
Now let us not dig too much into history, instead let us dig more of the Mysteries of this coin.
This is almost 3yrs since the Shiba Inu coin was released but where are we with the coin's development currently?
Shiba Inu is a memecoin and may not hit $1 in next 5yrs no matter the pump.
I repeat this again, "memecoins are to be traded". But if you are holding a memecoin like me, I acquire plenty of them not just a few here on #Binance . By acquiring more, that is the only way one can earn as a holder of memecoin.
Most of these coins live on media hypes. They do pump and dump.
Until #ShibaInu shows progress in their projects and plans, they can not break being a "memecoin".
What ever the hypes given, I just want you to know that Shiba Inu is not the NEXT #bitcoin . It's far from being that.
There are levels a crypto currency has to pass successfully in other to gain more value and SHIB is yet to get there.
Do your research before taking any step.
What are your thoughts?
