Is Shiba Inu still worth it?

[Psynthax]

remember that this meme coin is basically just zero sum game, if you wanna make this coin somehow reach the valuation of more than $100 billions then you should find yet another public figures to shill for it, elon has lost its influence at least it's not as strong as his first appearance in cryptocurrency investments, so I guess it needs the adoption of massive company so that it could grow in value but the question is, would these big companies that usually make research first willing to invest into some coin that is created for fun.

[danherbias07]

Dont expect too much. I guess I have said that a lot of times by now. I am done with this meme coin as I have sold all of mine years ago and I never decided to buy back for investment purposes again.
There no project behind it, its a meme. By buying this, that means you are also prepared if ever the price goes south.
20m is just $100 back then if I am right, so I guess that wont really hurt you. Sell if there an opportunity. You already doubled your money if you bought at the same time as I did so if your instincts tells you there no future left for this meme coin them go sell out.

[blockman]

What I can say is that just leave some shiba inu in your portfolio if you've got that much. Well, I don't have it and I think that the hype for meme coins is done and it won't be pumping the same as before. But if ever some crazy thing happens to the market and shiba inu gets pumped then you're not going to miss it and you have to act quickly with it and sell it. Just like those people that have dogecoin and never sold any until they see the all-time high and from there, that's the time when they've sold most of their dogecoins for profits. So, on this, you really have to have a game plan and when you should start selling.

[Wexnident]

I have 20 million but haven't bought any for over 6 months as I only bought at the time as I was fairly new to crypto and it was low compared to its all time high but I now understand market cap etc.

With its current market cap at $6.3b, how high can this realistically go? Is $100b possible? That would give it a 16x from current price if so which would be good.

With the release of Shibarium due this year I do think this will see the price rise but how much im not so sure?

I'd say don't expect much, maybe a slight fluctuation when Shibarium releases but not something big or market-breaking. I reckon it should be higher than your entry price, heck I think the price then in your entry and the price now is just about the same, so I think it's fine to just hold it and wait to see if you can take profit with the release. A 16x increase in it's current price is actually a dream, OP, I reckon you should stop imagining stuff like that. You're probably better off investing in Bitcoin and some other big altcoins if you can take profit before any big chances happen.

[Silberman]

I have 20 million but haven't bought any for over 6 months as I only bought at the time as I was fairly new to crypto and it was low compared to its all time high but I now understand market cap etc.

With its current market cap at $6.3b, how high can this realistically go? Is $100b possible? That would give it a 16x from current price if so which would be good.

With the release of Shibarium due this year I do think this will see the price rise but how much im not so sure?

Whether or not Shiba Inu can reach that price will depend on factors that are not under your control, if the community of those holding Shiba Inu are able to hype their coin, then reaching something close to what you are predicting could be possible, but at the same time if we saw the rise of a new meme coin then this could take away a great deal of the attention from Shiba and in that case Shiba will no be able to reach such a high price.

[Luffygroove]

It is difficult to predict exactly how high a cryptocurrency's price can go, as it is subject to a wide range of factors such as market sentiment, adoption, regulatory developments, and more. However, it is possible to look at a cryptocurrency's market cap and compare it to other cryptocurrencies or assets to get a rough idea of its potential.

Based on its current market cap of $6.3 billion, it is possible that the cryptocurrency you are referring to could continue to increase in value over time. However, reaching a market cap of $100 billion would require a significant increase in demand and adoption, which may or may not happen.

It is also worth noting that the release of Shibarium, as well as any other developments or announcements related to the cryptocurrency, could potentially impact its price and market cap. However, predicting the exact impact of these events is difficult and depends on a variety of factors.

Overall, while it is possible for the cryptocurrency to see an increase in value over time, it is important to remember that cryptocurrency prices can be highly volatile and unpredictable. As with any investment, it is important to do your own research and make informed decisions based on your personal risk tolerance and investment goals.

[Xampeuu]

I have 20 million but haven't bought any for over 6 months as I only bought at the time as I was fairly new to crypto and it was low compared to its all time high but I now understand market cap etc.

With its current market cap at $6.3b, how high can this realistically go? Is $100b possible? That would give it a 16x from current price if so which would be good.

With the release of Shibarium due this year I do think this will see the price rise but how much im not so sure?

Whether or not Shiba Inu can reach that price will depend on factors that are not under your control, if the community of those holding Shiba Inu are able to hype their coin, then reaching something close to what you are predicting could be possible, but at the same time if we saw the rise of a new meme coin then this could take away a great deal of the attention from Shiba and in that case Shiba will no be able to reach such a high price.

even though it seems difficult to get up or even form a new ATH, at the moment market conditions do not yet allow for FOMO, therefore I think the current price will be able to rise again if market conditions, especially bitcoin, also improve. that's when we will know shiba's performance. but my advice is to buy a wise portion for shiba, because the main virtue of investment is the security of the funds that we manage, not the pursuit of profits that are beyond logic

[Mr. Magkaisa]

I have 20 million but haven't bought any for over 6 months as I only bought at the time as I was fairly new to crypto and it was low compared to its all time high but I now understand market cap etc.

With its current market cap at $6.3b, how high can this realistically go? Is $100b possible? That would give it a 16x from current price if so which would be good.

With the release of Shibarium due this year I do think this will see the price rise but how much im not so sure?

    -    I read that the creation of SHIB was just a fun token that led to the seriousness of this token in the cryptocurrency space. It is also undeniable that SHIN has created many utility tokens, others are even DEX platforms.

Then many businesses have partnered with SHIB, and in addition to that it is also having a daily burning of their token, I remember recently it burned about 4 Trillion or not only sure but even this is what happened when burning, it's like you don't feel any movement.

The important thing is, if you believe in SHIB's good future, just hold on to it and don't let go just hold on.

[raidarksword]

Shiba Inu has great plans ahead of the project that's why never sell your tokens during the bear market, it would be a wrong decision if you do it. Shiba has lots of room to grow especially of their shibareum and it will be a good hold for the next bull market as well.

[$crypto$]

It depends on how you evaluate a project, if the development is quite active, for example with a shibarium that will be launched this year, then that might be a good prospect, but I'm not sure whether it will be hype again or not depending on the community that drives the market.

I no longer hold the shiba inu meme coin for me now it is enough to hold this coin but if you are still sure then don't try to hold on any longer in theory shiba is good with its market capitalization.

[marlo1001]

Shiba inu is a dead project since very beggining

[ethereumhunter]

It's hard to know whether Shiba will be able to increase in height or will it stay like this because it depends on how strong Shiba is able to compete with other tokens. My advice is that you keep hold of that Shiba and don't sell it now because 20 millions is a lot of money and you have to wait for the right time to sell it.

We can't speculate on when the Shiba will increase but with the number of Shiba you have, it's better to just wait it out. Hopefully the hype can come to Shiba so it can raise its price to the price you want and you can sell it at that time.

[gaston castano]

well if we see of track record of the shiba inu, this is possible in the long run from now, maybe about 10-20 years again, if shiba inu still survive.
but the most trusted coin for now and for the long run, is only bitcoin and ethereum in my opinion.
so feel free to hold your shiba and maybe another coin you want to invest.

[virasisog]

Shiba Inu was originally made as a meme coin so lots of us have doubted its capability and foundation as an altcoin but since lots of investors are into it, I believe that the coin will still remain profitable if only we'll know how to take advantage of its popularity. Shiba is already trusted by many so if we want to make money from it, we should know how to deal with its movement. I must say that it's still a good idea to buy Shiba but we should know how to deal with the risks that we will be facing.

[mich]

Yes I think Shiba inu is still worth it. As long as the world richest man Elon Musk is a advocate for it I think it is worth the hodl. He even wants to make it accepted as formal mode of payment.
Dogecoin and Shiba Inu has been the most popular meme coin. It is worth to hold your 20 million Shiba and if it moons well you will be enjoying the profits.
Price is expected to surge with the launch of Shibarium this month. https://blog.shibaswap.com/shibarium-intake/

[wajik-tempe]

In terms of the potential for Shib to reach a $100 billion market cap, it's important to consider the current competition in the cryptocurrency space and the adoption rate of Shib among investors and users. While Shib has gained some popularity and attention, it's still a relatively new cryptocurrency with a limited track record.
The upcoming release of Shibarium may generate more interest in Shib and could potentially drive up its price. However, it's impossible to say with certainty how much this will affect the price.

[GreatArkansas]

I don't expecting anymore with this shitcoin.
For me, over the years as a lot of popping memecoin/shitcoins that going up parabolic, I can say it's only hype and they are only good at beginning, but the long term, I don't think so, only originals are staying, just like dogecoin.

[yazher]

You are gonna be fine when they make a lot of effort to promote this token and when they are about to burn some supplies, it would be better to decide if you want to sell them at that time when the price will rise. of course, when the tokens have some serious developers and they just don't stop promoting their coins by developing some new features with it, you can't help but trust the process and wait for the right time to sell it. But if you doubt that they will gonna stop developing anytime sooner, then don't listen to any hype anymore because you might not get back your capital once they abandoned that token and proceed with their new project.

[Yatsan]

Shiba Inu was originally made as a meme coin so lots of us have doubted its capability and foundation as an altcoin but since lots of investors are into it, I believe that the coin will still remain profitable if only we'll know how to take advantage of its popularity. Shiba is already trusted by many so if we want to make money from it, we should know how to deal with its movement. I must say that it's still a good idea to buy Shiba but we should know how to deal with the risks that we will be facing.

But its hype is currently stagnant in comparison with what happened last year. Clearly the downside of meme coins wherein these tokens are solely dependent with demand given that no utility is specified.Therefore, its market value will only increase IF for some reason, investors will again be interested to do so, in order to create a wave on its market price. And that reason could be the anticipated bullish trend due to Bitcoin halving. So if it is just possibility in its broadest sense, then ofcourse it could be one but take note of lack of assurance. The risk on the other hand for such token is that, once its ATH has reached, what happens on the usual is that its market value never again reached the ceiling such as with DOGE. So as an investor, you are free to decide whether to clash with the risk or to just move away.

[Russlenat]

It still has a market, as its trading volume is still decent, so I think it could pump again anytime as long as the bull run comes. I would suggest holding onto it, as long as it's still listed on many exchanges and maintains a good trading volume. One day, it will likely pump again.

You know, once the market is in bull run mode, everything is possible as the hype is very high, so pumping is possible, especially for a known project like Shiba Inu. However, I wouldn't recommend investing more. Just hold onto what you currently have.

Doge is still here, so is Shiba.