Is Shiba Inu still worth it?

[Godday]

For now Shiba is getting into the token meme which I think is still worth keeping because it is widely known and many people believe in that token.  I advise you to save your meme tokens as I'm sure Shiba will be back on the moon sometime in the future.

[gunhell16]

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?

As far as I know, based on my research every day there is a burning mechanism in SHIB, recently there was 3-4 trillion burning but it was hardly felt that its price increased.

However, even if that happens, I will not deny that I also hold something of it somehow, because I know that when the bull run enters, the value of SHIB will also kick in, I am sure of this.

When we arrived at Shibarium, as far as I know, there was another delay in their launchpad and at that point, we don't know what the deepest reason is, but let's see what happens of course.

[tvplus006]

For now Shiba is getting into the token meme which I think is still worth keeping because it is widely known and many people believe in that token.  I advise you to save your meme tokens as I'm sure Shiba will be back on the moon sometime in the future.

After the team has set as its goal the creation of the Shibarium blockchain, Shiba Inu ceases to be a meme coin. And now anyone can join the testing of the beta version of Shibarium, as well as become a validators or delegators of the new blockchain - https://blog.shibaswap.com/introduction-to-shibarium/.

[maydna]

I don't know whether the launch of Shibarium can increase the price, but that's what Shiba supporters hope for. And almost every day, there must be a very large burn process to reduce the supply of Shiba to help increase the price. And if you already have that amount, it's better for you to be patient and just wait, even though that means a very long wait because if you sell it now, maybe your profit isn't that big. But it all depends on you, and I suggest you find more info to know what to do. We don't know when Shiba can improve or when Shiba will have a chance to rise.

[Hispo]

I believe it is still worth it to get some nice earnings, but if anyone wants to invest in Shiba Inu, must be aware that the market timing is crucial.
Shiba Inu (just like Dogecoin) depends on the sentiment of the community and the love of it for the project.

In the next bull run I have got no doubt but Dogecoin and Shiba will rally upwards and try resistances, but again, one needs to know when to buy. I would not touch that token, unless there are clear signals of an incoming rally.

Besides, if you take a look at the historical price, it is obvious that there will be some serious resistance levels.



Source: https://coinmarketcap.com/es/currencies/shiba-inu/


It is worth it, but there are safest options than relying your possible opportunities on the reaction this token could have.
I would wait at least until final of this year or beginning of 2024, to put any money onto the table.

No financial advise, tho.

[cryptoknightt]

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?

All Altcoin will follow the gestures of Bitcoin, namely coins, the main we cannot punish even though there are some that are still stable not about the significant impact by the Bitcoin market.
spend your money when the correction occurs or before BTC Halving, because that's where gambling occurs.
It could be up to ATH and Shiba also likely to go down to ATL. This is your cryptocurrency, remember that....

[nicolas1979]

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?

What do you have 20 million? Shiba tokens, or money. Because in the next statement you say you haven't bought anything for 6 months. If you haven't bought anything, it can mean that you have 20 million in cash.

Regarding the Shiba Inu token, it might still be worth investing in even though Shibarium has now appeared. Shiba continues to develop their digital platform, which they will certainly do the best compared to other meme tokens after that.

[AmoreJaz]

I don't know whether the launch of Shibarium can increase the price, but that's what Shiba supporters hope for. And almost every day, there must be a very large burn process to reduce the supply of Shiba to help increase the price. And if you already have that amount, it's better for you to be patient and just wait, even though that means a very long wait because if you sell it now, maybe your profit isn't that big. But it all depends on you, and I suggest you find more info to know what to do. We don't know when Shiba can improve or when Shiba will have a chance to rise.

if you are a holder, better keep up with what's going on with their project so you can get a hint where the team is heading to. but if not yet a holder, i won't invest on this token for long-term purposes. i still feel that this project is bound to failure anytime the dev team wants to get out of this market. maybe they need more years to prove that they have long-term plans as well for this token.
i guess a lot of people are trying to get hands on this token for the mere purpose of high profit in the future. but to what extent this will survive in the market?

[KennyR]

My personal choice, I'm interested in Shiba. It is possible to see a good number of Shiba holders. Truly it have got potential and it'll be a change in the future. For now most of the users mention that they don't like Shiba for different reasons. In reality all those holders will be having good volume of shiba.

[Dewi89]

if you are a holder, better keep up with what's going on with their project so you can get a hint where the team is heading to. but if not yet a holder, i won't invest on this token for long-term purposes. i still feel that this project is bound to failure anytime the dev team wants to get out of this market. maybe they need more years to prove that they have long-term plans as well for this token.
i guess a lot of people are trying to get hands on this token for the mere purpose of high profit in the future. but to what extent this will survive in the market?

We will never know the potential for shiba to rise in the future, but I think there is still hope for shiba to rise because their coin is still following the bitcoin movement, the shiba movement is still waiting for big news and when they get big interaction from the crypto community, shiba will reach its highest price again , I hold a part of shiba coin investment in hope of getting high profit in the future.

[nakamura12]

I am not a fan of meme coin and I haven't stored any Shiba inu or even use it in transaction except dogecoin where I use when I gambled in a site before. That kind of crypto is fast but it's not that reason alone why people still hope that it's value will increase or still have value in the long run as it is very hype once shiba inu is known. Well, altcoins will follow the gesture of Bitcoin about the price so, let's hope that Bitcoin's price won't take too long to increase again.

[MiF]

Shiba inu is a meme coin it has a huge supply and i think there is no way for this token to rise to the moon, it maybe rise but not the big rise as what happen to some coin that has a low supply, for me it is worth to buy this coin  because it can also give a profit but never put all your money in this coin for your own safety and to avoid losses. Because meme coin may drop down very low specially during bear season.

[Mr.sprin]

No one knows the price of coins including the current Shiba coin price, many predict that the price of Shiba will not rise again because according to them the volume of Shiba coins is very large, but that's just a prediction, it's the same as bitcoin in the past when bitcoin was exchanged for pizza, Was there a time when someone predicted the price of Bitcoin could be like it is now?

[Rasa nanas]

although currently shiba is the most popular meme coin but long term investment in meme coin is not recommended.
if you have 20 million why don't you buy altcoins with utilities and very popular altcoins like ETH or BNB? I think in the long run investing in this kind of altcoin is safer and more profitable.

[maydna]

I don't know whether the launch of Shibarium can increase the price, but that's what Shiba supporters hope for. And almost every day, there must be a very large burn process to reduce the supply of Shiba to help increase the price. And if you already have that amount, it's better for you to be patient and just wait, even though that means a very long wait because if you sell it now, maybe your profit isn't that big. But it all depends on you, and I suggest you find more info to know what to do. We don't know when Shiba can improve or when Shiba will have a chance to rise.

if you are a holder, better keep up with what's going on with their project so you can get a hint where the team is heading to. but if not yet a holder, i won't invest on this token for long-term purposes. i still feel that this project is bound to failure anytime the dev team wants to get out of this market. maybe they need more years to prove that they have long-term plans as well for this token.
i guess a lot of people are trying to get hands on this token for the mere purpose of high profit in the future. but to what extent this will survive in the market?

No one knows how long the Shiba project will last in the market and those people who have managed to buy Shiba at such a low price shouldn't worry because they can sell Shiba right now and get out of the market. But many don't do it because they are curious about the results Shiba will get later, especially since many people are still faithfully waiting for another update on the project. This Shiba token is like Dogecoin in the past, which became the saving coin of the whales and many underestimated it. But we'll see what will happen to Shiba later when the altcoin season comes.

[JamesDaniel90]

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?

What do you have 20 million? Shiba tokens, or money. Because in the next statement you say you haven't bought anything for 6 months. If you haven't bought anything, it can mean that you have 20 million in cash.

Regarding the Shiba Inu token, it might still be worth investing in even though Shibarium has now appeared. Shiba continues to develop their digital platform, which they will certainly do the best compared to other meme tokens after that.

20 million shiba tokens - I would not be telling the world I have 20 million in cash 

I will just hold these 20 Million Shiba till Shibarium is released later this year and hopefully we see a good pump from it.

I haven't go a lot of money in it as I bought at the bottom so felt it was worth the risk.

[Ziskinberg]

20 million shiba tokens - I would not be telling the world I have 20 million in cash 

I will just hold these 20 Million Shiba till Shibarium is released later this year and hopefully we see a good pump from it.

I haven't go a lot of money in it as I bought at the bottom so felt it was worth the risk.

Then I wish you good luck, mate.
It is to admit that investing in Shiba Inu is risky but nobody knows exactly what will happen to this project. If we have the guts to risk our money, then it was worth trying I think. We know the market situation, some hypes could actually surprising and we see Shiba Inu in the past that it already run into such situation and becoming popular in the market among meme coins. If that you think Shibarium results a huge increase on its price, that definitely give you a huge profit as well. It is just the same investing new projects...

[KingsDen]

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?

When it comes to meme coins I am always skeptical about them. The hype that always come with them make them look so unnatural and temporary. Only the few early adopters and high risk takers who keep following the coins when they are manipulated do gain.
Among all meme coins I still trust Dodge the most to still have great future than others. I may be wrong but the Elon factor will always have influence on dodge coin.

[RealMalatesta]

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 can see why people are so hyped about meme coins nowadays a bit more. It's basically going against the "norm", turns out that is something people like to do. If many people say that it's stupid to invest into something so silly when there are other good things, then you want to invest into it even more, or at least some people told me to.

It's exactly like how warren buffet prefers stocks over bitcoin, so we prefer bitcoin over shiba, and just like how we pick bitcoin over stocks even when warren buffet says don't do it, these people invest into shiba even when we say don't do it. That type of mindset is real, not reasonable but at least it's very real.

[FireDAOJackie_Z]

I also own several million Shiba Inu and I still hold them today. If you can afford to hold it long term, I think it's still pretty decent. We'll see how it develops. Shiba Inu developers continue to develop shiba as much as possible and the release of a shibarium or several shiba games is certainly a good sign. Just hold on while you still can, don't sell at a low price. But the final decision is your responsibility.

I have a theory: once you begin to doubt something, you have already made up your mind. OP's question seems like an open question but I think personally, he already has his own answer. Shiba Inu will collapse soon or later as the hype is over but the thing is you have to understand when to sell and be positive. Nothing convinces you more effectively than your own fear and doubt. Choose and stick to your decision. Each of us should.