A trading competition is happening at a local exchange in my country. The exchange is a trusted and established one and I have zero doubt about the $SHIB tokens I can receive as a reward in my Shiba Inu exchange wallet. I have been using this exchange since 2018 without any major issues, so you can understand the amount of confidence I have in them.
I mostly invest in Bitcoin, and sometimes in important altcoins. However, I don't believe in the concept of meme coins and don't pursue them. I'm interested in knowing whether I should continue holding onto my current tokens until the next bull run, or if I should sell them to buy Bitcoin or other altcoins. I would appreciate a piece of good advice from the community.
If you don't believe them yourself, why would you keep them? No one knows if they are going up or not, and if someone claims that they do, they are lying.
Buy things you believe in, so if you make a mistake, at least it's a mistake of your own making, and you can't blame others for it.
I don't judge meme tokens, even if fundamentals are crappy, because i've made more money with bad fundamentals then great ones. I totally understand why you don't believe in meme tokens, but believing in some made up utility of other coins, is even worse mistake in my book. Majority of the markets in crypto are risk investments anyway, and craziest people put most money in. They are constantly aping in on projects that don't seem like a good idea.
So buy exactly what you want, but if you want a suggestion: If you don't understand tokenomics or valuation well enough, stick with the top marketcap coins. Everything else is pure casino.
