I have 20 million Shiba Inu that I bought a few months ago and forgot about , it is one of the smaller positions in my portfolio.
Just wondering why it is pumping and realistically what this can reach in 2 or 3 years?
Not sure if I should sell all and re invest in one of my larger positions or if I should just hold the 20 million I have and see what price it reaches in a few years?
I've noticed the meme coin every time ATH happens, I think the meme coin is just luck, remember not all meme coins are lucky, they can be counted on the fingers, Shiba is one of the memes that people talk about a lot nowadays, but i'm not sure shiba can skyrocket, the factor is investors, to boost shiba it takes some big investors, otherwise don't expect it.
Just because it is a leading candidate for all memecoins, doesn't make Shiba a smart investment. What people are forgetting is that it never had anything that worth a dime, but people ended up investing into it because there was a hype and people got confused, that's about it, they were tricked into buying something that had no value and made it into a top 20 token.
Now they are working on stuff that doesn't have any new value neither, and yet they are getting hyped about it out of nowhere as well and they are buying it again. It is nearly top 10 right now, and if you look at it, there are a million other projects which are better on paper, but do not have the same investors who buy it without no good reason, that's it.