The Shiba Inu memcoin caught the attention of investors and crypto-enthusiasts thanks to its impressive early growth and dedicated community. However, the efforts of the "SHIB army" were not enough to keep the token afloat during the prolonged cryptozyme. It is currently trading 90.6% below its all-time high reached in October 2021.

A massive market crash often causes newcomers to panic and hastily sell off their holdings. However, experienced traders regard such events as an opportunity to form a reliable medium- or long-term portfolio and buy coins of interest at a discount.

Let's find out how much you need to invest in SHIB now to become a millionaire during the next bullrun.Many investors and traders perceive Shiba Inu solely as a speculative asset for a reason. At first glance, this is indeed true: the price of the coin has been subjected to sharp pumps and dumps on more than one occasion.

However, the Shib army remains optimistic about the cryptocurrency's long-term development, and the developers have seriously embarked on an ecosystem expansion plan designed to rid SHIB of the label of a useless memcoin. With the launch of Shibarium, the project has moved into the competitive second-level (L2) blockchain segment, which is currently dominated by only a couple of major players.

How much SHIB you need to buy to become a millionaire.

To calculate the amount of SHIB you need to buy to become a millionaire when the price returns to its all-time high of $0.00008616, you can use the following formula:Prospects for Shiba Inu

Shiba Inu burst into the cryptocurrency market two years ago as a "Dogecoin killer". Within days of its launch, the coin went up by 1500%. Such impressive dynamics generated a lot of speculation in the crypto community that the future SHIB could reach the fantastic $1 mark.

At the moment, the asset ranks 15th in the list of the most capitalized cryptocurrencies.Target amount - $1 million

Expected future price - historical high of $0.00008616

Thus, to see a round sum of $1 million in the account, you need to purchase approximately 11,608,793,610 SHIB. At the current price of $0.00000809, the coins would be worth about $93,947.

However, it should be understood that the crypto market can be extremely volatile and subject to black swans. The above calculations are based solely on current data and assumptions. Always remember to observe risk and mani-management and trade only with the money you can afford to lose.

#Shibainu #BinanceTournament #crypto2023

$SHIB

As the crypto market prepares for a potential bull run, Shiba Inu marketing lead has expressed optimism that all those who left the SHIB ecosystem will return.
Read more on: https://thecryptobasic.com/2023/09/25/shiba-inu-team-says-those-who-vanished-will-surely-return/
#SHIB #Shibainu #crypto #crypto2023 #cryptonews

Introduction:

In the dynamic world of cryptocurrencies, where innovation and creativity collide, one coin has managed to captivate the attention of both enthusiasts and investors alike. SHIB Coin, born from the playful world of internet memes, has emerged as a fascinating example of how unconventional ideas can disrupt traditional financial systems. As it gains momentum on platforms like Binance, SHIB Coin is proving that even the most whimsical concepts can have a profound impact on the cryptocurrency landscape.

From Meme to Movement:

SHIB Coin's journey began as a playful homage to the Shiba Inu dog meme, inspired by the success of Dogecoin. What started as an online joke soon evolved into a legitimate cryptocurrency project. Founded by an anonymous developer known as "Ryoshi," SHIB Coin aimed to combine meme culture with decentralized finance, creating a unique ecosystem that attracted curious minds and savvy investors alike.

The Power of Community:

What sets SHIB Coin apart is its dedicated and engaged community. Much like its meme-inspired origins, the SHIB community is characterized by its inclusivity, fostering an environment where both new and experienced investors can participate. Online platforms and social media channels have allowed the SHIB community to flourish, facilitating discussions, sharing insights, and driving the coin's growth.

Shaping the Future with DeFi:

One of SHIB Coin's key features is its focus on decentralized finance (DeFi). The coin's ecosystem includes features like SHIBSwap, a decentralized exchange, and Bone, a governance token. These elements empower SHIB holders to actively participate in shaping the future of the project. The DeFi angle has not only added legitimacy to SHIB Coin but has also positioned it as a potential disruptor in the broader financial sector.

Challenges and Caution:

As with any investment, SHIB Coin comes with its share of risks and uncertainties. Its rapid rise to prominence has attracted both genuine interest and speculative attention. The coin's price volatility and lack of a clear utility beyond its community-driven ecosystem have prompted caution among experts and investors. It's essential for participants to conduct thorough research and exercise prudence when considering involvement.

A Shifting Paradigm:

SHIB Coin's success serves as a reminder that the cryptocurrency landscape is evolving at an astonishing pace. Its journey from an internet meme to a significant player on platforms like Binance reflects the increasingly symbiotic relationship between online culture and finance. This paradigm shift challenges traditional notions of value, investment, and community collaboration.

Conclusion:

SHIB Coin's remarkable ascent from meme-inspired origins to a global cryptocurrency phenomenon on platforms like Binance is a testament to the power of innovation, community engagement, and the intersection of internet culture and finance. As it continues to navigate the challenges and opportunities of the cryptocurrency landscape, SHIB Coin invites us to reimagine how ideas, regardless of their origin, can reshape industries, challenge norms, and inspire us to explore the uncharted territories of decentralized finance. While SHIB Coin's journey is awe-inspiring, potential investors should approach with careful consideration, recognizing the inherent risks and uncertainties associated with the cryptocurrency market.

#Shibainu #SHIBCOIN $SHIB

The price of #Shibainu (SHIB) appears to have reached a snag recently as it battles to gain headway in the choppy cryptocurrency market. Investors who experienced a significant surge between mid-June and mid-August are now confronted with the sobering fact that these gains have been nearly completely erased.

Shiba Inu's pricing has had a somewhat underwhelming year as we head into the final three months. The token has perilously straddled its July/August lows, causing the optimism that once surrounding it to be called into question. In fact, according to a recent price analysis, SHIB has lost more than 70% of the profits it made during its summer boom.

SHIB is now trading at $0.00000762, according to coinmarketcap. It has dropped marginally over the past 24 hours by 0.3%, and the seven-day chart similarly indicates a negligible loss of 2.8%. The Relative Strength Index (RSI), which has been below the critical 50-neutral level since mid-August, further supports the overall pessimistic mood that has been permeating the Shiba Inu token since that time.

Huge Shiba Inu Holds Up

Shiba Inu (SHIB) has been going through a difficult time of price fluctuation, but there has been a remarkable development that has caught the attention of market watchers within the Shiba Inu network.

Data from the well-known analytics portal IntoTheBlock shows that the proportion of SHIB tokens held by major investors has increased noticeably recently. In the Shiba Inu ecosystem, this change in ownership dynamics is a significant development that has the ability to affect the price of the token.

This convincing trend is amply demonstrated by the statistics in the chart below, which shows a startling 77% growth in the number of meme coin holders. The distribution of SHIB tokens over a wider range of market players has increased noticeably as a result of the spike in holdings.

Such a rise in the number of holders points to a growing interest in and involvement in the Shiba Inu initiative, which in turn might act as a spark for renewed hope and potential price growth.

Forecast for $SHIB

The heightened interest from whales in the meantime adds a layer of suspense to the story as Shiba Inu's fate is uncertain in the near future. The question remains: Are the whales setting themselves up for a revival of SHIB, or is there more to this narrative than meets the eye as the crypto community waits with bated breath?

Introduction

Trading in financial markets, be it stocks, cryptocurrencies, or commodities, has the potential to be highly lucrative. However, it can also be a double-edged sword, capable of quickly eroding your profits if not approached with caution and a clear strategy. In this detailed article, we will explore the various ways in which trading can harm your profits and offer insights into how traders can mitigate these risks.

I. Overtrading and High Transaction Costs

One of the most common ways trading can erode profits is through overtrading. Overtrading occurs when a trader executes too many trades, often with high frequency, without a sound strategy. Each trade incurs transaction costs, including brokerage fees and spreads, which can add up significantly over time. Traders who constantly buy and sell may find that these costs eat into their overall profits.

II. Emotional Decision-Making

Emotions play a significant role in trading. Fear and greed can lead to impulsive decisions that are detrimental to a trader's bottom line. For example, selling an asset in a panic during a market downturn or buying into a rapidly rising bubble driven by FOMO (Fear of Missing Out) can result in significant losses. Emotional trading often leads to poor timing and costly mistakes.

III. Ignoring Risk Management

Effective risk management is essential in trading to protect profits and limit losses. Traders who neglect risk management strategies, such as setting stop-loss orders or position sizing, are vulnerable to catastrophic losses. Failing to define and adhere to risk parameters can quickly deplete trading accounts.

IV. Lack of Education and Strategy

Many traders enter the markets without adequate education and a well-defined trading strategy. Trading without a clear plan can lead to haphazard decision-making and erratic results. Successful trading requires a deep understanding of the asset being traded, technical and fundamental analysis, and a well-thought-out strategy.

V. Chasing Trends and Herd Mentality

Trading based on market trends or following the crowd without conducting proper research can be detrimental to profits. A common pitfall is chasing assets that have already experienced substantial price increases, often buying at inflated prices and selling at lower values when the trend reverses. This "herd mentality" can lead to significant losses.

VI. Neglecting Fundamental Analysis

While technical analysis is valuable, neglecting fundamental analysis can lead to poor trading decisions. Ignoring factors such as economic indicators, company financials, and geopolitical events can result in unexpected market movements that harm profits.

VII. Failure to Adapt and Learn

Financial markets are dynamic, and what works in one market condition may not work in another. Traders who fail to adapt to changing market conditions or refuse to learn from their mistakes are more likely to experience diminishing profits over time. Continuous learning and adaptability are key to long-term trading success.

VIII. Overleveraging and Margin Calls

Overleveraging occurs when traders borrow too much capital to trade, typically using margin accounts. While leverage can amplify profits, it can also magnify losses. Margin calls, triggered when a trader's losses exceed their margin, can result in forced liquidation of positions and significant losses.

Conclusion

Trading can indeed be a profitable endeavor, but it comes with substantial risks that can erode profits if not managed effectively. Overtrading, emotional decision-making, inadequate risk management, and a lack of education and strategy are just a few of the ways trading can harm your financial wellbeing.

To maximize the potential for success, traders should approach the markets with discipline, education, and a well-defined strategy. They should also remain vigilant about the emotional aspect of trading and continuously adapt to changing market conditions. By avoiding these common pitfalls and taking a thoughtful, calculated approach, traders can increase their chances of preserving and growing their profits in the world of trading.

#dyor #bitcoin #Shibainu

The cryptocurrency sector, which has attracted attention with the emergence of community tokens that have surpassed traditional investment areas, has witnessed an interesting evolution. The recent rise of the #Shibainu (SHIB), which represents the power of social enthusiasm, stands as a testament to this dynamic change. An in-depth study of the intricacies of the rise of the Shiba Inu with its fascinating money burning mechanism and ecosystem developments such as the Shibarium illuminates the path to success in this field.

Shiba Inu's Meme Coin District

The invention of meme culture, Shiba Inu has mobilized a loyal following with its cute Shiba dog theme. This community-oriented token has expanded its horizons by offering a complete ecosystem of LEASH and BONE tokens, each of which caters to different use cases. The creation of SHIBASWAP, a decentralized exchange, not only increases the utility, but also encourages active community participation through staking, rewards and yield farming.

In the latest news environment about cryptocurrency, there are a lot of whispers about the potential price increase of SHIB, and forecasts reach a staggering increase of 1500%. The increase in popularity, coupled with increased commercial adoption and the possibility of stock market listing, puts Shiba Inu on a promising path for a journey full of events ahead.

#crypto2023 #Binance #pepe

Meme coins are cryptocurrencies that are inspired by internet memes, such as images, videos, or jokes. They often have a humorous or playful tone and appeal to a wide audience of online users. Some of the most famous meme coins are Dogecoin, which features the image of a Shiba Inu dog, and Pepe, which is based on the Pepe the Frog character.

But what are the differences between Pepe (PEPE) and Shiba Inu (SHIB), and which one has more potential to grow in value and popularity? In this article, we will compare these two meme coins based on their origins, features, communities, and performance.

Origins

Pepe was launched in April 2023 as a tribute to the Pepe the Frog internet meme, created by Matt Furie, which gained popularity in the early 2000s. The project aims to capitalize on the popularity of meme coins, like Shiba Inu and Dogecoin, and strives to establish itself as one of the top meme-based cryptocurrencies. Pepe appeals to the cryptocurrency community by instituting a no-tax policy, a redistributive system rewarding long-term stakers, and a burning mechanism to maintain scarcity of the Pepe coin.

Shiba Inu was created in August 2020 under the pseudonym “Ryoshi” as an Ethereum-based alternative to Dogecoin. The project claims to be “an experiment in decentralized spontaneous community building” and has a total supply of one quadrillion tokens. Shiba Inu coin was quickly adopted by a large community of investors who were drawn by the cute charm of the coin and the endorsements from personalities like Elon Musk and Vitalik Buterin. Shiba Inu also supports projects such as an NFT art incubator and a decentralized exchange called Shibaswap.

Features

Pepe is an ERC-20 token that runs on the Ethereum network. It has a total supply of 420.69 trillion tokens. Pepe has a deflationary mechanism that burns 1% of every transaction, reducing the circulating supply over time. Pepe also has a redistribution system that rewards holders with 1% of every transaction, creating an incentive to hold the token for longer periods. Pepe has no team tokens or presale, making it a fair launch project.

Shiba Inu is also an ERC-20 token that runs on the Ethereum network. It has a total supply of 589.59 trillion tokens, of which 50% were locked in Uniswap liquidity pool and 50% were sent to Vitalik Buterin’s wallet. However, in May 2021, Buterin donated 10% of his Shiba Inu holdings to a Covid-19 relief fund in India and burned 90% of his SHIB holdings. Shiba Inu does not have a burning or redistribution mechanism, but it relies on its community to create demand and value for the token.

Communities

Pepe has a strong and active community of supporters who call themselves “Pepes”. They use social media platforms such as Twitter, Telegram, Discord, and Reddit to promote their meme coin and foster a community around it. Pepe also has a dedicated website where users can find information about the project, such as its roadmap, whitepaper, tokenomics, and partners. Pepe’s community is also involved in charitable causes, such as donating to animal shelters and environmental organizations.

Shiba Inu has an even larger and more enthusiastic community of fans who call themselves “Shibes”. They use social media platforms such as Twitter, Telegram, Discord, and Reddit to spread the word about their meme coin and engage with other users. Shiba Inu also has a website where users can find information about the project, such as its ecosystem, whitepaper, tokenomics, and partners. Shiba Inu’s community is also known for its generosity, as evidenced by the donation to the Covid-19 relief fund in India.

Performance

Pepe has performed remarkably well since its launch in April 2023. It reached an all-time high price of $0.000004354 on May 5th 2023 with a market capitalization of $1.6 billion, making it one of the top 50 cryptocurrencies by market cap. However, Pepe also experienced a significant correction in the following months, dropping to a low of $0.0000008433 on June 15th 2023 with a market capitalization of $330 million. As of August 13th 2023, Pepe’s price is $0.000001382 with a market capitalization of $541.89 million.

Shiba Inu has also performed exceptionally well since its inception in August 2020. It reached an all-time high price of $0.00008845 on October 29th 2021 with a market capitalization of $52.1 billion, making it one of the top 20 cryptocurrencies by market cap. However, Shiba Inu also suffered a major decline in the subsequent months, dropping to a low of $0.00003122 on December 18th 2021 with a market capitalization of $18.3 billion. As of August 13th 2023, Shiba Inu’s price is $0.00001055 with a market capitalization of $6.22 billion.

Conclusion

Pepe and Shiba Inu are two of the most popular meme coins in the cryptocurrency market. They both have loyal and passionate communities, innovative features, and impressive performance. However, they also have different strengths and weaknesses that may appeal to different types of investors.

Pepe may be more suitable for investors who value scarcity, deflation, and redistribution. Pepe has a lower supply, a higher burn rate, and a higher reward rate than Shiba Inu, making it potentially more valuable and profitable in the long run. Pepe also has a no-tax policy, which may attract investors who prefer lower fees and more transparency.

Shiba Inu may be more suitable for investors who value diversity, utility, and popularity. Shiba Inu has a larger ecosystem, a more developed exchange, and a more influential network than Pepe, making it potentially more versatile and accessible in the short term. Shiba Inu also has a higher market cap, a higher trading volume, and a higher social media presence than Pepe, making it potentially more liquid and visible in the market.

Ultimately, both Pepe and Shiba Inu are meme coins that are driven by sentiment, speculation, and hype. They are highly volatile and risky investments that may not be suitable for everyone. Investors should do their own research and due diligence before investing in any digital asset.

Source: MeshNews

*Disclaimer:

This content aims to enrich readers with information. Always conduct independent research and use discretionary funds before investing. All buying, selling, and crypto asset investment activities are the responsibility of the reader.

#pepe #Shibainu $SHIB $PEPE