Yes you can invest in such coins for short term and also get good returns . But it is difficult to say how meme coins will perform in the long term. the current price of Shiba Inu coin is $0.000006231. And there is a continuous decline in the price of the coin.
Read moreCan a Shiba Inu reach 1 cent?
However, a per token price of $0.01 would imply a market cap in the trillions of dollars. If Shiba Inu were to reach a penny, the cryptocurrency would be worth multiples more than Bitcoin. Because of the massive amount of capital required for SHIB to reach a penny, it’s highly unlikely this will happen .9 Mar 2022
Read moreWhat crypto will be the next Shiba Inu?
MetaWorldPad : New Crypto That will Launch Next Shiba Inu and Dogecoin of Metaverse.
Read moreWhat is the next big cryptocurrency 2022?
The next cryptocurrency to consider buying in 2022 is PancakeSwap . In its most basic form, PancakeSwap is a decentralized exchange that was launched in late 2020. The exchange allows users to buy and sell digital tokens without going through a third party.
Read moreDoes Shiba Inu crypto have potential?
Volatile penny cryptocurrency This brings to the fact that despite the useful use cases, the near-550 trillion total supply, and a market cap well above $19 billion, Shiba Inu remains a speculative crypto asset , though with a deflationary lineage. Therefore, DYOR before trading or investing in this high-risk asset.
Read moreWhy are Shiba Inu down?
There’s some substance behind Shiba Inu, just not very much. When the market slumps, it’s cryptos with less utility and less established reputations that are hardest hit. Part of the reason for the recent crypto crash is that economic uncertainty has driven people out of riskier assets like cryptocurrency .
Read moreWhy is almost all crypto going down?
As many have pointed out over recent weeks, the big reason why cryptos like Bitcoin are falling alongside tech stocks, experts argue, is the Federal Reserve’s more hawkish turn in its November meeting , indicating an accelerated pace of tapering and rate hikes—a shift away from policies that buoyed crypto since 2020.
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