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Author Topic: shiba inu coin, now ranked 13th in cmc  (Read 466 times)
landheer (OP)
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January 24, 2023, 01:00:54 AM
 #1

lately I always buy shiba inu coins in installments using the dca system and in my opinion shiba inu coins will have good potential in the future because looking at the rankings on cmc, what do you think about shiba inu coins, will they have the potential to increase in the future, or not? I want to hear an explanation from all of you?...
Fundamentals Of
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January 24, 2023, 01:09:10 AM
 #2

I don't see so much potential for this coin. First, it is just a meme coin. Second, it is nothing but an imitation. Third, it is thriving on hype. But I'm not saying you cannot earn from the opportunities this coin is giving. But you need to remember that it has already multiplied many times. It has already risen through the ranks. What will happen when the hype of this meme coin is over? Take note that top altcoins come and go. One day, this will also be forgotten. So make everything short-term when dealing with Shiba Inu.
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January 24, 2023, 04:38:37 AM
 #3

lately I always buy shiba inu coins in installments using the dca system and in my opinion shiba inu coins will have good potential in the future because looking at the rankings on cmc, what do you think about shiba inu coins, will they have the potential to increase in the future, or not? I want to hear an explanation from all of you?...
Look DCA as a strategy should be used only in assets which you know are the very best, on this market only bitcoin and ethereum qualify for a DCA strategy to be used, if you want to invest in Shiba Inu then do it but you should wait and do so once the bull market has already appeared as that is the moment when investors are putting their money in all kind of exotic investments, investing in Shiba right now probably means holding those coins for months or even longer and this is never a good idea when it comes to a meme coin as you never know when they can be replaced by yet another meme coin.
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January 24, 2023, 04:47:43 AM
 #4

lately I always buy shiba inu coins in installments using the dca system and in my opinion shiba inu coins will have good potential in the future because looking at the rankings on cmc, what do you think about shiba inu coins, will they have the potential to increase in the future, or not? I want to hear an explanation from all of you?...
You don't say that, everyone who's buying the coin that they like will say that it has got a better future. But we don't know such about this meme coin. Yeah, the price has pumped a lot and people made a decent gain from it. And shiba is still top of the rank and that's why many don't stop from buying it.
What we can say about its future is we don't know, utility wise, I don't see that and it's more just for a trading asset for which many think that it's going to have a higher price such as $1 which I doubt.

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January 24, 2023, 05:17:21 AM
 #5

Honestly for many months I have been telling people to stay away from this coin. Because it’s obviously a pump and dump meme coin scam and you will lose all your money. However…

The fact that it still exists after all and still has a market cap this high only means that it’ll most likely pump instead of dumping. Pretty crazy considering we had these big corrections and SHIB is still not 0.

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January 24, 2023, 05:22:46 AM
 #6

I'm sure you already know how brutal it can turn out if things won't go well for Shiba Inu in the future, so you need to consider being vigilant and do everything to keep your investment alive. I mean, if you see some sudden price spike, then consider selling it and decide later on when the price will go down if you want to buy again. the advantage here is, you already got some decent earnings no matter how will be the situation of this coin in the future and you can do your own research as well to further support them or stop when you already managed to get some wins from your investment.

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January 24, 2023, 06:06:50 AM
 #7

lately I always buy shiba inu coins in installments using the dca system and in my opinion shiba inu coins will have good potential in the future because looking at the rankings on cmc, what do you think about shiba inu coins, will they have the potential to increase in the future, or not? I want to hear an explanation from all of you?...

Every coin has the potential that can give us a profit in the future. And about these meme coins, I could say that maybe in the future, their price value may increase when the price value of Bitcoin begins to increase when the bull run comes in I guess.

However, recently, I saw a lot of content on the youtube that Shiba Inu will start to kick its price in the market,
but I doubted it, due to as long as no huge burnings are happening to SHIB  it won't rise its price value, believe me, or not.
Though, I can't deny I have some of these coins in my wallet.


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January 24, 2023, 06:37:14 AM
 #8

Honestly for many months I have been telling people to stay away from this coin. Because it’s obviously a pump and dump meme coin scam and you will lose all your money.
Only those who want gains without thinking of future of this project might bought this. Yes whales love volatility and I think shib has really does have volume but the utility and hype of this coin is just based on being a meme so not surr what the future would hold for this. Maybe some thinks this will follow on big names like doge but for me pick another useful platform.

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January 24, 2023, 10:26:06 AM
 #9

I don't see so much potential for this coin. First, it is just a meme coin. Second, it is nothing but an imitation. Third, it is thriving on hype. But I'm not saying you cannot earn from the opportunities this coin is giving. But you need to remember that it has already multiplied many times. It has already risen through the ranks. What will happen when the hype of this meme coin is over? Take note that top altcoins come and go. One day, this will also be forgotten. So make everything short-term when dealing with Shiba Inu.

I remember the days of Emercoin and maidsafecoin in top 10 CMC
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January 24, 2023, 10:58:29 AM
 #10

NEO was once a top 10 coins
EOS was even in the top 5 at one point if I recall well
DASH,XMR, OMG, XVG to name but a few. And mind you most of the coins I have mentioned were pretty solid and not just memecoins

What does that tell you?

That in each bull run, we will have coins that hype up to the top ten and then start a decline where they won't come back up again, and I think the same might happen to Shiba INU. Just buy it, but have that in mind.

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January 24, 2023, 11:31:00 AM
 #11

buy a coin that has always been a hype field and relies on DCA pump and dump? You did a reckless act according to me.
Regardless of whether they are in very good order on cmc doesn't change the fact that they are one of those meme coins which I don't think are very useful.
Instead of DCA in something as obscure as this you better try to be in another coin that is obvious like bitcoin or maybe some alt like BNB or Ethereum instead of letting your money burn in shitcoin like this.

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January 24, 2023, 11:49:34 AM
 #12

Honestly for many months I have been telling people to stay away from this coin. Because it’s obviously a pump and dump meme coin scam and you will lose all your money. However…

The fact that it still exists after all and still has a market cap this high only means that it’ll most likely pump instead of dumping. Pretty crazy considering we had these big corrections and SHIB is still not 0.



I don't trust Shiba at all. After it made the biggest wave in the crypto market. Although I was unlucky and the coin crashed on me. I don't trust Shiba for a long term project and that kind of coin is not what one should DCA on. You only DCA on highly trusted coins like bitcoin.

Secondly, I trust and will recommend dodge to anyone than Shiba. Even at both are meme coins, dodge has a better chance of lasting longer than Shiba is the market.

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January 24, 2023, 11:55:17 AM
 #13

Ranking on coinmarketcap is nothing. It does not show the real potential of a project, that is hourly, daily and weekly top of trading volumes. All the crypto games are not even on first pages of that top. The position of this top can easily be changed and influenced. With enough funding, even a total scam altcoin, with help of pump and dump, can get to a higher positions. Also, take a look on coingecko.com top. Shiba Inu is on 15th place, while it is on 13th on cmc. The position is relative. You might find different cryptocurrency price aggregator, and Shiba Inu will be on a different position there.

R


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January 24, 2023, 12:09:04 PM
 #14

lately I always buy shiba inu coins in installments using the dca system and in my opinion shiba inu coins will have good potential in the future because looking at the rankings on cmc, what do you think about shiba inu coins, will they have the potential to increase in the future, or not? I want to hear an explanation from all of you?...

In my personal opinion, you should look for an other project to invest in. In the end Shiba Inu is just another stupid meme-coin that is not really serving any purpose. Shiba Inu was created 2 years ago or so when Elon Musk started to make tweets about Dogecoin. That is the only purpose of Shiba Inu. I mean it is a fact, that Shiba Inu made a lot of very early investors very reach, because it literally made them a x1000 or so on their initial investment, but since then it slowly but surely loses relevance. I just dislike Meme-coins because they are obviously just a try of the "teams" behind it to make some quick and easy money without any effort. I think that meme-coins are hurting the crypto market as a whole.
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January 24, 2023, 12:17:19 PM
 #15

A few weeks ago I was actually told by a friend that in 2023 it is likely that there will be an event that is quite interesting and will have a positive impact on the price of Shiba itself. But I didn't take it seriously. and I ignore it. But it turns out that it's true that in the past few weeks, Shiba Coin seems to be starting to show signs of a pretty good increase. and I again asked my friend. and he just told me to find out for myself and analyze it myself. he gave me the keyword "Shibarium". I haven't looked into it yet. maybe someone here knows about Shibarium? really that's one of the reasons the shiba coin is moving quite positively. and it seems that Shiba holders are increasing rapidly.

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poodle63
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January 24, 2023, 01:03:02 PM
 #16

To be honest this meme token was still over rated based on my perception. All of products were being launched by shiba inu was failed. The fact that if shibarium will not have impact to the price of shiba inu too. This token is still alive due to the hype. It can down anytime if the hype will be gone. The correct thing should be this meme token called shiba inu has been placed around 13th at cmc. it's caused by solana and polygon were going up surpassing shiba inu. Protocol coin is far better rather than this kind of meme token.

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January 24, 2023, 06:56:25 PM
 #17

I don’t see bright future in a meme coin even in the long term investment, because it’s hype coin in the market so that it’s top ranked coin that doesn’t means it’s so much potential coin to invest in long term, because here i don’t see any real use cases. I will never pick a meme coin for the future instead of lots of promising coins.

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January 24, 2023, 07:12:24 PM
 #18

The new waves of crypto users are probably SHIB investors or probably they come to know crypto market right when SHIB was introduced to them back in the last bull run.  

Besides BTC, SHIB is actually one of the most searched cryptocurrencies on google which is why it's not surprising anymore that this token can achieve further especially because there is progress in thier development of SHIBarium metaverse. Price may hit another ATH by the next bull market.


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uneng
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January 24, 2023, 07:17:18 PM
 #19

SHIB is following BTC trend upside in this beginning of 2023. It's a good moment for those investors who were in loss with their SHIB portfolios to get rid of this token while they can and invest in something promising for the future. On the other hand, if you are risk taker, you might prefer to continue holding and see how far SHIB can reach yet, although personally I don't think it's a good idea, since the price of this token is blatantly manipulated in large scale.

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January 24, 2023, 07:24:11 PM
 #20

lately I always buy shiba inu coins in installments using the dca system and in my opinion shiba inu coins will have good potential in the future because looking at the rankings on cmc, what do you think about shiba inu coins, will they have the potential to increase in the future, or not? I want to hear an explanation from all of you?...

what is the potential for a meme coin? in the future it will make people laughing more or what?
and what will happens if a new meme coin will be launched maybe with some new features?
I think that this is more gambling than trading but feel free to play Roll Eyes or invest Smiley

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