Topic: shiba inu coin, now ranked 13th in cmc - page 4. (Read 561 times)

Your answer is correct and I agree.
but in my opinion seeing that shiba coins are in a good ranking, it makes me sure that shiba coins in the future will increase in price and I predict that shiba inu coins in the future have the potential to increase, up to 1000%. and in altcoins usually the pumps are very good. but of course investing in shiba inu, this will be a big risk. but in my opinion, don't be too afraid because of the risk, if you want big profits.

it seems that many are not supportive of shiba inu coins, but in reality if you look at the market there are very many who buy and make big profits from shiba inu coins ,,
but in my opinion this shiba inu coin if for the long term it doesn't seem suitable, at most it can also be used for short term investment. but of course we won't know in the future,
because price movements are very difficult to predict.

As long as you 0P do it knowing the risks you are taking. then I think it's your right to buy any coin altcoin or memecoin. But at least you buy Shiba which still seems to have quite a lot of trust out there. because if we look at the MC of the Shiba inu which is quite big. so of course it was still ranked 13th CMC when you created this topic. But now it has dropped to 14th.
The recent rise in Shiba inu was because there was indeed news about the upcoming launch of the Shibarium network. However, it has not been explained when the exact release date will be. and a few days ago Shiba experienced a high surge in the impact of one of the largest exchanges from South Korea, namely Upbit, which supports SHIB fiat transactions on the ERC-20 network. As we know, any coin related to this Exchange always experiences an increase or hype.

But I think if we enter into memecoin then if we feel we have gotten enough profit then we can start taking profits. DYOR.

I also have several altcoins that I hold to speculate with very, very cold money and money that is ready if I have to experience a loss. and SHIB is in one of the lists in my portfolio. But I do not specify this for the long term. I'll just hold onto it until I get enough profit. because for the long term I only do it in Bitcoin.
We must not be too greedy in memecoin types. because it has a greater risk than other altcoins. so if you already get the profit then selling it is a good thing.

Your explanation of their ranking on cmc is not very good.  I can go year by year and show you that doesn't mean anything.  Shib rose from meme fame on the heels of doge.  It's a useless token amd ran up from the fad.  Next bull run will be another fad and all these meme coins will slowly fade as people one by one exit theor bag holding position.

I don't know why you are doing DCA in this kind of coin. Why not Bitcoin or other better altcoins like Ethereum? Shiba Inu has a strong competitor, Dogecoin which is also quite difficult to reach a brighter future, without any hype. If I were you, I will stop here in investing in the Shiba Inu and move to Bitcoin which has a clearer future to be brighter. Well, although we don't know if Shiba Inu will have a good future or not, this seems like gambling moreover if your consideration is only based on the rank position in CMC. You know how many altcoins are falling down although they are in the top 10?

I've heard that Shiba Inu has already been delisted by Binance (correct me if I'm wrong). If this is true, I was thinking that Shiba will lose its position and might it drop more. Considering that this is a meme coin, I'd never find any special thing that could help us to think that this project has potential in the future. Indeed, a hype project couldn't stay long in the market, I was afraid this will turn like Terra Luna and many others who have a good start but in turn scam in the end. I don't really be considerate of the position/rank but what I consider most is the value of the coin.

Still saying DCA against this coin is something that I really have a hard time with. Regardless of the conditions they're not really going to make anything significant even if they're at 13 cmc at the moment.
You are only burning money by buying coins like this, even though there really is a pump and dump there, whether your money will last in the end is still very doubtful to do.

It's all just a meme, landheer. Let's see how that coin would perform in these upcoming weeks. Pretty sure it just followed on how Bitcoin manage to get past 20k and some users would just go and buy the crap out of these meme coins.

I would never drop a single coin to Shiba ever even if it unrealistically surpasses Bitcoin in the ranks let alone any other meme coins out there. I had not invested money for hypes.

Increasing on their ranking is just the result of a better market, it may not guarantee anything but at least you're ready with that risk.
I know there's still a lot of hate with the meme token because of so many fake projects before but with SHIB, i think its totally different. Bull run might bring back the good old days for the meme token so there's a higher chance for SHIB to rise as well. Just keep on holding and wait for the next bull run, it might be worth it or not just be ready for that risk.

That’s the risk you’re willing to take and maybe you have a better chance of making profit out of it. Meme tokens are still here and there’s a good chance for them to rise again in the next bull market. SHIB proves to be one of the best meme token today, so I’m pretty sure you’ll succeed on making profit with this. Just don’t go all in with SHIB and buy other altcoins as well so you can balance your portfolio, next bull run will be a big thing to SHIB.

You need to really look at the events taking place in the cryptocurrency market. Sometimes it is very difficult for even useful cryptocurrencies to remain competitive and grow in price. So these meme coins can only go up in price temporarily, and in the end they will all fail. I generally stay away from all these meme coins. They can be profitable for a certain period of time. But no one knows when they will dramatically lose their value. I prefer not to take risks, as there are many really potential coins that are worth paying attention to.

Soon you won't even see these shit coins even in the top 50 or I can say in the top 100. i think these shit projects don't deserve these spots, yes i know these coins build up hype collect market capital and on end return, good profits but dear fellows these projects destroy the real future projects as those projects which are changing and evolving the space around us get beaten by these shitcoins.

Consider the example a student who works hard the whole year and prepares for exams and in results he gets a B grade and a student who even not attended the classes gets an A grade does it seems fair?

They are just trying to be the next Doge in my opinion,

a. it might have been pure pump and dump
b. there is no fundamental with this coins

Of course in the next bull run, maybe the price will go up just like the last time But I don't think it's going to be sustainable. And usually as I have mentioned, pumpers are just going to play with it to make money and victimized noobs in the market, just saying.

what is the potential for a meme coin? in the future it will make people laughing more or what?
and what will happens if a new meme coin will be launched maybe with some new features?
I think that this is more gambling than trading but feel free to play or invest

SHIB is following BTC trend upside in this beginning of 2023. It's a good moment for those investors who were in loss with their SHIB portfolios to get rid of this token while they can and invest in something promising for the future. On the other hand, if you are risk taker, you might prefer to continue holding and see how far SHIB can reach yet, although personally I don't think it's a good idea, since the price of this token is blatantly manipulated in large scale.

The new waves of crypto users are probably SHIB investors or probably they come to know crypto market right when SHIB was introduced to them back in the last bull run.  

Besides BTC, SHIB is actually one of the most searched cryptocurrencies on google which is why it's not surprising anymore that this token can achieve further especially because there is progress in thier development of SHIBarium metaverse. Price may hit another ATH by the next bull market.

I don’t see bright future in a meme coin even in the long term investment, because it’s hype coin in the market so that it’s top ranked coin that doesn’t means it’s so much potential coin to invest in long term, because here i don’t see any real use cases. I will never pick a meme coin for the future instead of lots of promising coins.

To be honest this meme token was still over rated based on my perception. All of products were being launched by shiba inu was failed. The fact that if shibarium will not have impact to the price of shiba inu too. This token is still alive due to the hype. It can down anytime if the hype will be gone. The correct thing should be this meme token called shiba inu has been placed around 13th at cmc. it's caused by solana and polygon were going up surpassing shiba inu. Protocol coin is far better rather than this kind of meme token.

A few weeks ago I was actually told by a friend that in 2023 it is likely that there will be an event that is quite interesting and will have a positive impact on the price of Shiba itself. But I didn't take it seriously. and I ignore it. But it turns out that it's true that in the past few weeks, Shiba Coin seems to be starting to show signs of a pretty good increase. and I again asked my friend. and he just told me to find out for myself and analyze it myself. he gave me the keyword "Shibarium". I haven't looked into it yet. maybe someone here knows about Shibarium? really that's one of the reasons the shiba coin is moving quite positively. and it seems that Shiba holders are increasing rapidly.

In my personal opinion, you should look for an other project to invest in. In the end Shiba Inu is just another stupid meme-coin that is not really serving any purpose. Shiba Inu was created 2 years ago or so when Elon Musk started to make tweets about Dogecoin. That is the only purpose of Shiba Inu. I mean it is a fact, that Shiba Inu made a lot of very early investors very reach, because it literally made them a x1000 or so on their initial investment, but since then it slowly but surely loses relevance. I just dislike Meme-coins because they are obviously just a try of the "teams" behind it to make some quick and easy money without any effort. I think that meme-coins are hurting the crypto market as a whole.