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
Well, I guess this is the reason people still insist on investing in all these shitcoins because somehow they still make some profits from them and in a few cases made serious profits too but let's not forget that more meme cons investors are not that fortunate in this investments, however, we are all on a different level of risk tolerance. 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 $50 in profit after one day. Not bad !
But to be honest I don't think I would put any money on Doge or Shiba... they're already far too high in the rankings.. way... way higher than they deserve. The best gains are made when your meme coin is ranked #800 or somewhere around there
I really don't understand what they are trying to trade here, as OP said he got 50$ profit in just one day, but if unlucky how much will he lose, 100 dollars or 1000 dollars.
Compared to 20% profit, 50% is too small if the risk of loss is up to 100%. If you use that money to invest in bitcoin or top tokens for 3 to 4 years sometimes profit will give you x10, x20 with shallow risk. I'm not entirely against investing in memes, but I don't think it's worth focusing on them, it's more like gambling than investing. If I invest in memes, I will only bet on doge and shiba, at least they have a reputation and are proven by the community.