Shiba Inu is not the right long-term investment choice. See below

Lovata Andrean

Shiba Inu is not the right long-term investment choice. See below
Shiba Inu is not the right long-term investment choice. See below

Rancakmedia.com – What makes Shiba Inu an unsuitable long-term investment option? What is the explanation for this? The following are some reasons why Shiba Inu is not a long-term investment option and it is better to sell than lose.

Investing in shares amidst the coronavirus outbreak could be a wise choice. However, if you choose to invest in cryptocurrency, there is a high chance that you will make huge profits in the stock market.

This is due to the fact that the total value of digital currencies has increased by more than 1.700% in the same time period. There is a very clear path for financially and non-financially focused blockchain initiatives to be implemented in the real world for a small number of cryptocurrencies.

A bigger problem for most cryptocurrencies, significantly bigger than the stock market. Like Shiba Inu, which made a lot of money quickly but then experienced a sharp decline. In terms of real-world usage, the Shiba Inu coin has no competitive advantage.

Only 138 merchants are ready to accept SHIB-token as payment, according to online business directory Cryptwerk. That's a small number for a digital currency that currently ranks 12th in the world in terms of market capitalization. Shiba Inu has struggled in the cryptocurrency market, especially as a meme coin.

Even the price of Shiba Inu has declined and is now in the red, according to Coinmarketcap, and is no longer ranked in the top ten most valuable cryptocurrencies. Shiba Inu is currently ranked 12th due to a drastic price drop, and Avalanche or AVAX is currently ranked 11th.

Shiba Inu coins are even recommended for quick market sales, according to crypto asset specialists. With a sharp price drop, 2021 looks to be an unpredictable year for Shiba Inu, prompting coin holders to start selling their Shiba Inu tokens.

Indeed, there are many success stories in this period that resulted in huge profits for early investors, especially from meme coins due to their high returns. Shiba Inu cryptocurrency, on the other hand, does not have strong fundamentals; rather than building one's own wealth, it is more of a transfer of wealth.

Reasons Why Shiba Inu Is A Better Candidate For Sale

Reasons Why Shiba Inu Is A Better Candidate For Sale

The following are the reasons why it is better to release/sell Shiba Inu now.

1. The measure of success is not the community

People are more amenable to the idea of ​​forming a large community when starting a cryptocurrency. The community is passionate about increasing the number of Shiba Inu owners, but it is the community that plays the final role in success.

The Shiba Inu community on social media pays little attention to long-term use cases. As a result, it is best not to get carried away by society.

2. There is almost no real world application

Only 138 merchants are ready to accept SHIB tokens as payment, according to online business directory Cryptwerk. That's a small number for a digital currency that currently ranks 11th in the world in terms of market capitalization.

Also Read

Share:

Lovata Andrean

Hi, I'm Lovata, I'm not Ai but I am a content writer for SEO, Technology, Finance, Travel, Cooking Recipes and others. I hope this can be useful for all my friends. Thanks