Not just shiba, but there's a dozen different others I think.
I tried a couple of them, just to see how they behave in this bear market.
To my surprise one of them was 20% in profit last time I checked ( after about a month ) the other one $50 in profit after one day. Not bad !
But to be honest I don't think I would put any money on Doge or Shiba... they're already far too high in the rankings.. way... way higher than they deserve. The best gains are made when your meme coin is ranked #800 or somewhere around there
It is not too surprising, bitcoin was created by Satoshi and since then tens of thousands of shitcoins have been created, including meme coins, so it is not surprising that a meme coin like dogecoin has influenced the market and now we have a lot of meme coins as well.I tried a couple of them, just to see how they behave in this bear market.
To my surprise one of them was 20% in profit last time I checked ( after about a month ) the other one $50 in profit after one day. Not bad !
But to be honest I don't think I would put any money on Doge or Shiba... they're already far too high in the rankings.. way... way higher than they deserve. The best gains are made when your meme coin is ranked #800 or somewhere around there
Personally I would not advise anyone to invest in those coins regardless of the size of the capital used as the chances a meme coin pumps out of nowhere are very low, so you may as well use your time and money in something that is way more productive and which can actually lead you to obtain some consistent profits.