Quote from: TheGreatPython on Today at 08:26:38 AM

Quote from: pawanjain on March 30, 2022, 04:29:37 PM

Quote from: kapalmabur on March 27, 2022, 05:22:44 PM

To hold it long term I think it's too risky although for the Shiba meme coin level it's one of the best,
need to see how far the Shiba inu will develop in the future,
the most important thing is to just keep up with the latest developments and news

That's the thing actually. SHIBAINU was created as a memecoin but eventually some people thought of making it a utility.
They are trying to bring in more developments to it seeing it's fame and success.
As far as it is being actively developed, it will keep attracting people and keep increasing in price.
But if there are no developments then I don't think it has a bright future.

That "eventually" part is the part that is risky. I am not saying that it is a bad coin, it is of course a decent token when you take it at the face value. However it is 15th ranked right now. Do you really believe that without the hype it would have been 15th ranked? Obviously it wouldn't be and that is a proof that we should not be focusing on anything there at all.

Just focus on how the hype is the main reason why its 15th ranked and it shouldn't have been. Development is great, and I hope they develop even more and become something awesome but that doesn't change the fact that the development they have is not really worthy of being that highly ranked token.

That is absolutely correct. Even I think that the only reason why SHIBA is on top is because of the sudden popularity it has received from the traders.
It doesn't really have anything worthy to be praised for and it's all just the hype that has got people into it.
I have never bought any SHIBA and I think I never will unless it brings in utilities which are really useful in the real world.