Is Shiba Inu still worth it? - page 11.

isaac_clarke22

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Quote from: JamesDaniel90 on March 03, 2023, 07:19:48 AM

I have 20 million but haven't bought any for over 6 months as I only bought at the time as I was fairly new to crypto and it was low compared to its all time high but I now understand market cap etc.

With its current market cap at $6.3b, how high can this realistically go? Is $100b possible? That would give it a 16x from current price if so which would be good.

With the release of Shibarium due this year I do think this will see the price rise but how much im not so sure?

20 million like in USD? That's a lot of money assuming you are being for real. Why aim for meme coins like Shiba though? People have been speculating it going for $1, but it has been struggling to even get past in less than <2 decimal places so I would not just count on it anyway. $100b market cap is just unrealistic though considering of just the limited circulating supply of hundred trillion and not really much of significant price increase.

Just go for Bitcoin, OP if I were you.

DeathAngel

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All it takes is a bunch of public figures, celebs or whatever to start shilling in the next big bull run & it could definitely pump. Let’s wait & see, it’s definitely not a bad token to have a position in. I wouldn’t advise anything more than 10% of your crypto portfolio but it has a high ceiling for sure.

dunfida

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Quote from: JamesDaniel90 on March 03, 2023, 07:19:48 AM

I have 20 million but haven't bought any for over 6 months as I only bought at the time as I was fairly new to crypto and it was low compared to its all time high but I now understand market cap etc.

With its current market cap at $6.3b, how high can this realistically go? Is $100b possible? That would give it a 16x from current price if so which would be good.

With the release of Shibarium due this year I do think this will see the price rise but how much im not so sure?

No one really knows but with that upcoming Shibarium update then we could assume out that it would really be giving out that kind of chance for some pumps since this is really just some positive news but we know that

not all updates and fundamentals could really make out an assurance that it would really be making out some good or positive movement.Therefore, you shouldn't really that make yourself that expecting into it.

If you could still hold up then its your choice but it wont really be that bad if you do sold you current holdings and secure out profits considering that you are really that
in gain as of this moment but if you do decide to hold up for more then it wont be that a bad option too.

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Quote from: JamesDaniel90 on March 03, 2023, 07:19:48 AM

I have 20 million but haven't bought any for over 6 months as I only bought at the time as I was fairly new to crypto and it was low compared to its all time high but I now understand market cap etc.

With its current market cap at $6.3b, how high can this realistically go? Is $100b possible? That would give it a 16x from current price if so which would be good.

With the release of Shibarium due this year I do think this will see the price rise but how much im not so sure?

Shiba looks very strong meme coin, i see their team is very active and working hard to implement new things as like shibarium, but i don't think it’s easy to hit 100 billion dollars market cap where now only over 6 billion. Yeah, if it will launch then price can be slightly increase i hope, you can hold till launch their new product.

TastyChillySauce00

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Quote from: JamesDaniel90 on March 03, 2023, 07:19:48 AM

I have 20 million but haven't bought any for over 6 months as I only bought at the time as I was fairly new to crypto and it was low compared to its all time high but I now understand market cap etc.

Then you shall not buy it anymore. Try to diversify your money into the another legit tokens instead of focusing in this one.

Quote from: JamesDaniel90 on March 03, 2023, 07:19:48 AM

With its current market cap at $6.3b, how high can this realistically go? Is $100b possible? That would give it a 16x from current price if so which would be good.

Think about the peak marketcap that has ever achieved by shiba inu which was around 32.4b. If you are still thinking about more than it and then good luck with your choice. All of the products that have already been developed are so garbage and how can meme token be worth 100b? Cheesy

Quote from: JamesDaniel90 on March 03, 2023, 07:19:48 AM

With the release of Shibarium due this year I do think this will see the price rise but how much im not so sure?

Are you still feeling optimistic about shibarium while at the same time we have bunch of L2 in the market? It may trigger a small pump but it will not sustain for so long.

cryptomaniac_xxx

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Really hard to see where Shiba Inu will go:

- it's a meme coin and mostly we all know that the price is just base on hype
- maybe a new one will replace them in the future
- depends on how the dev team will do if they keep evolving or not
- most important is the consensus of the community.

So we really don't know what the future will bring to this project, for me it's going to be 50/50 for the next bull run.

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Quote from: Dickiy on March 03, 2023, 10:56:03 AM

Quote from: JamesDaniel90 on March 03, 2023, 07:19:48 AM

I have 20 million but haven't bought any for over 6 months as I only bought at the time as I was fairly new to crypto and it was low compared to its all time high but I now understand market cap etc.

With its current market cap at $6.3b, how high can this realistically go? Is $100b possible? That would give it a 16x from current price if so which would be good.

With the release of Shibarium due this year I do think this will see the price rise but how much im not so sure?

Lots of news about shibarium and a lot of influencers saying that the release of shibarium will be a very positive indication for a bullish few days, but still it's a bit impossible if the market is bearish and bitcoin has a lot of FUD, After all we can't forgetting that all the coins on the market follow the trend of bitcoin.
Let alone the Shiba inu that has increased due to the release of Shibaruim, even bitcoin that we have known for a long time, no one knows how much the price will go up during a bullish trend.
If you are quite confident with shiba inu, especially if you buy at a higher price, maybe this is the momentum to take your money back.

Because the price going down and the rank in CMC is slowly declining, he will have to hold for a long time to make some profit from this meme token.
If anyone still holds it, I guess considering this advice is like doing yourself a favor. The hype is over and it's not worth it anymore.

Unless they really can make another hype which I'm already doubting this Shibarium. They even tried to hype SHIB again by saying its possible SHIb will be shifting as privacy coin.

MidNite36

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I was once a hard fan of Shiba inu and one day I just decide to sell all my tokens, I noticed that the biggest gains is already made from the project, if you want an insnae amount of gain like Shiba inu gives the investors in last bull market, you have to look into something new and trending, for example A.I tokens.

Dickiy

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Quote from: JamesDaniel90 on March 03, 2023, 07:19:48 AM

I have 20 million but haven't bought any for over 6 months as I only bought at the time as I was fairly new to crypto and it was low compared to its all time high but I now understand market cap etc.

With its current market cap at $6.3b, how high can this realistically go? Is $100b possible? That would give it a 16x from current price if so which would be good.

With the release of Shibarium due this year I do think this will see the price rise but how much im not so sure?

Lots of news about shibarium and a lot of influencers saying that the release of shibarium will be a very positive indication for a bullish few days, but still it's a bit impossible if the market is bearish and bitcoin has a lot of FUD, After all we can't forgetting that all the coins on the market follow the trend of bitcoin.
Let alone the Shiba inu that has increased due to the release of Shibaruim, even bitcoin that we have known for a long time, no one knows how much the price will go up during a bullish trend.
If you are quite confident with shiba inu, especially if you buy at a higher price, maybe this is the momentum to take your money back.

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I also own several million Shiba Inu and I still hold them today. If you can afford to hold it long term, I think it's still pretty decent. We'll see how it develops. Shiba Inu developers continue to develop shiba as much as possible and the release of a shibarium or several shiba games is certainly a good sign. Just hold on while you still can, don't sell at a low price. But the final decision is your responsibility.

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Quote from: JamesDaniel90 on March 03, 2023, 07:19:48 AM

...

With the release of Shibarium due this year I do think this will see the price rise but how much im not so sure?

And no one can make predictions, if anyone knew for sure, they would have become billionaires. You invested in it, and I think you will understand it better than we do, you need to do a lot of analysis and research on it. If you are not sure about it, then sell it and choose another coin, if you still believe in it, then go ahead. But I would say that investing in altcoins, especially memes, is riskier than bitcoin or top coins. You chose risk from the start, so you should prepare for the worst case scenario.

bitkanu

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here's the thing, by reaching $100 billion it needs to get the money from somewhere else, meme trend is fading, there are only very few meme coins could score massive incrase in term of valuation.
your best bet would be when elon started shilling for meme coins but I guess that days are already gone.
I'd say invests in something that has fundamental and brings innovation.

michellee

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That is almost the same amount my friend has. They are still waiting for the altcoin season because they expect Shiba to rise again. I also still have the Shiba that I bought when the price was undergoing a deep correction. But I can not say whether Shiba is worth making as a coin deposit for the short, medium, or long term because it depends on investors' reactions. But it seems that Shibarium is something that investors have been waiting for and many of them are convinced that this could trigger its price to increase when the altcoin arrives. So it's better to wait and forget about it to choose other coins.

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Quote from: JamesDaniel90 on March 03, 2023, 07:19:48 AM

I have 20 million but haven't bought any for over 6 months as I only bought at the time as I was fairly new to crypto and it was low compared to its all time high but I now understand market cap etc.

With its current market cap at $6.3b, how high can this realistically go? Is $100b possible? That would give it a 16x from current price if so which would be good.

With the release of Shibarium due this year I do think this will see the price rise but how much im not so sure?

My first instinct is "$100b not in a billion years" but than again, anything is possible if enough crazy people get into this crypto madhouse. Eventually there will be a limit and even as we hit the top people will have 1000x targets for their high cap coins. I am not saying it won't go up there but i see it highly unlikely. I see more changes of it having a fatal exploit causing a panic run and crash to the zero then a 100 billion dollar marketcap

Hypnosis00

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I'm not going to say that Shiba Inu is just an ordinary meme coin but can take as well to think that it was worth enough to invest with. A strong and determined person could just think that investing in Shiba Inu is good but for me, I'd rather play it safe than invest in meme coins like Shiba.

If you have the basis OP that will convince yourself to trust Shiba Inu, then you also have the right to invest in this project. Because for me, I won't take a project that I have no confidence in and trust. If ever it pump high like before, I have nothing to regret as it was my choice either.

Jackl87

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Quote from: JamesDaniel90 on March 03, 2023, 07:19:48 AM

I have 20 million but haven't bought any for over 6 months as I only bought at the time as I was fairly new to crypto and it was low compared to its all time high but I now understand market cap etc.
With its current market cap at $6.3b, how high can this realistically go? Is $100b possible? That would give it a 16x from current price if so which would be good.
With the release of Shibarium due this year I do think this will see the price rise but how much im not so sure?

I am really not a fan of meme-coins because for me they are all useless shit-coins that were only created because the "team" behind it wanted to make a quick buck without investing much time and effort, just because Elon Musk made a few tweets that were just a hustle as he said himself later. That being said, there is no doubt that especially Shiba Inu made a lot of his early investors very rich because you could have literally made 100.000 profit out of a 100$ investment.
That times are gone now though and to be honest i don't see much growth potential anymore for Shiba Inu. If the whole market goes up Shiba Inu will also go up, but i don't see another x10 from here on. I would look for another project to invest in. Something with substance and a real use case.

samcrypto

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SHIB is a meme token with a lot of hype, there's no doubt many are still hoping for such value.
Though its hard to say that its not possible because this is cryptomarket, when there's a hype and fud, anything can happen.

Reaching that price might happen in the next bull run if the upcoming update will bring more hype, but expect for a bigger risk when the price started to pump because that is the time where hodlers becomes the seller.

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Quite a good number of shiba inu fans have raised a lot of discussion on price speculation and what is the future prospect for the Shiba coin, this is quite difficult to speculate on since we are conversant with market movement and behaviours where no one can predict the price of any coin due to market volatilities.

-So at best I will advise you to be prepared for whatever outcome the market will turn out to be, if you believe that the upcoming shebang network upgrade will give the coin more transactions and exposure then you may accumulate more to make 16x when that happens, but eventually we have not seen any great price movement since Ethereum upgrade their network and also move to (POS).

JamesDaniel90

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I have 20 million but haven't bought any for over 6 months as I only bought at the time as I was fairly new to crypto and it was low compared to its all time high but I now understand market cap etc.

With its current market cap at $6.3b, how high can this realistically go? Is $100b possible? That would give it a 16x from current price if so which would be good.

With the release of Shibarium due this year I do think this will see the price rise but how much im not so sure?

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