Rancakmedia.com – What makes the Shiba Inu not an unsuitable long-term investment option? What is the explanation for this? The following are some of the reasons why the Shiba Inu is not a long term investment option and is better sold than lost.
Investing in stocks amid the corona virus outbreak can be a wise choice. However, if you choose to invest in cryptocurrencies, there is a good chance that you will profit handsomely in the stock market.
This is due to the fact that the total value of the digital currency has increased by more than 1.700% in the same time period. There is a very clear way for financially and non-financially focused blockchain initiatives to be implemented in the real world for small amounts of cryptocurrency.
A bigger problem for most cryptocurrencies, significantly bigger than the stock market. Like the Shiba Inu, who makes a lot of money fast but then suffers a sharp decline. In terms of real-world use, Shiba Inu coins do not have a competitive advantage.
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 12th in the world in terms of market cap. The Shiba Inu has struggled in the cryptocurrency market, especially as a meme coin.
Even the price of Shiba Inu has decreased and is now in the red zone, according to Coinmarketcap, and is no longer in the top ten most valuable crypto rankings. The Shiba Inu is currently ranked 12th due to the drastic price drop, and Avalanche or AVAX is currently ranked 11th.
The Shiba Inu coin is even suggested for a quick market sale, according to crypto asset specialists. With the price dropping sharply, 2021 looks to be an unpredictable year for Shiba Inu, prompting coin holders to start selling their Shiba Inu tokens.
Indeed, there have been many success stories in this period which resulted in large profits for early investors, especially from meme coins due to their high returns. The Shiba Inu cryptocurrency, on the other hand, does not have strong fundamentals; rather than building its own wealth, it is more a transfer of wealth.
The Reasons The Shiba Inu Is A Better Candidate For Sale
The following are reasons why Shiba Inu is now better released/sold.
1. The measure of success is not from the community
People are more amenable to the idea of forming a large community when starting cryptocurrencies. The community is eager to increase 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, you should not get carried away by society.
2. Almost no real-world implementation
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 is currently ranked 11th in the world in terms of market cap.