Does 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.

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Why 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 .

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Why 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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Will a Shiba Inu hit 1 dollar?

There is only the remotest of chances Shiba Inu will ever hit a penny in value, let alone a dollar . Reaching $1 would mean the cryptocurrency would be worth $550 trillion, or more than five times the gross domestic product (GDP) of all the world’s economies combined.

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Is Shiba Inu a good crypto?

If any of these large accounts sell their coins, it could lead to massive waves of volatility. While Shiba Inu has its advantages, it’s not right for everyone. It’s one of the riskier cryptocurrencies out there , so be sure you know what you’re getting into if you choose to buy.

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Is Shiba Inu a good long term investment?

While these developments may be promising, it’s important to keep in mind that Shiba Inu is still an extremely risky investment . It does have more real-world utility than in the past, but the crypto space is highly competitive. At the moment, there’s not much that sets Shiba Inu apart from other cryptocurrencies.10 Şub 2022

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