Post
Topic
Board Speculation (Altcoins)
Re: Will you sell Shib now? Am holding
by
JeffBrad12
on 24/01/2024, 00:50:33 UTC
I keep holding shiba for long and then i sold this altcoin cause it wasn't move as my expectation. Shiba Inu is presently $0.059237 per each coin and it's standing on #18 position. But after end of bull run, i haven't seen any major development from deb team and there's no major movement of this coin. It gained attention but for limited time only.  Maybe it'll pump again once next bull run effect on it but i won't buy it, appear to have no future. If i feel to buy a meme coin then I'll pick doge instead of shiba.
thats the thing with meme coin that has gotten big enough the market capitalization reached beyond rank 50 they just don't have the force to push that price again, initially it was many retailers and the fands that keep pushing the coin by keep buying it but when everyone else is already holding shib and the market capitalization has gotten too big what will happen? of course the chance for it to pump become a lot slimmer and slimmer.
thats why some whales are prefering to invest in meme coin that are relatively new so there's that reason why new meme coin that is favoured by community gaining massive market capitalization just in the blink of an eye.
moreover its just not worth pumping the big meme coin because the money required will indeed gonna skyrocket.
in my opinion holding doge or shib right now is not truly beneficial they just stuck at current price if not going down.