Hi guys, I wanted to open up a thread about Shiba Inu token I seek you best opinions here. Is there a future for this? Or it will just remain to the current value it has right now?
Suggestions is open for everybody, and if you have more to add regarding the current market situation that Shiba inu was undergoing through. I do hope your brilliant minds will help me decide for this asset to be added to my bucket list of holdings, despite altcoins was so challenging to hodle for long term investment.
The truth is that if Shiba Inu is going to pump, there must be a driving factor to make that happen, and if there's none, the price can remain the way it is, the market cap can continue to reduce, and the value will definitely drop too. Currently, I don't see any innovation on that project. It seems it has pumped up the previous year due to the demand and hype it got, but currently, the project owners are not adding anything new to the project to make it attract more value.
Like one user here already said, Shiba Inu is just a meme coin. There are some factors that can make it pump, which are: if the project decides to reduce their max supply by burning some of the coin; if some whale investors stack up a huge amount of the coin; if there is any service that is developed to make use of the coin for payment, etc.
It's possible that anything can just make the price pump; it's also possible that the price might not pump again, so if you actually want to invest in the coin, just invest the amount you can afford to lose; never put all your money in one meme coin.
