If you invested $100 in Shiba Inu on January 1, you are incredibly rich today. Shiba Inu is an ERC-20 token built on the Ethereum blockchain that effectively came out of nowhere to, at some point, end up among the top 10 digital currencies by market capitalization.

In early 2021, investors had the option to buy this little-known cryptocurrency for $0.000000000073 per token, according to Coingecko.com. If you're wondering why the price was so low, keep in mind that when Shiba Inu was launched in early August 2020, it had a circulating supply of 1 quadrillion SHIB.

But as of December 16, those same tokens were changing hands on cryptocurrency exchanges for $0.00003305. By consuming six zeros after the decimal, Shiba Inu has achieved a return of 45,273,873% since the beginning of the year!

If you had invested $100 in SHIB at the stroke of midnight on January 1 and held that stake throughout the year, you would now be sitting on a position valued at $45,273,973.
How can an asset appreciate 45,000,000% in less than a year?

The question that probably comes to mind is, “How is it possible for an asset to gain 45,000,000% in less than a year? The answer has many elements.

For starters, the cryptocurrency space is designed with an inherent buying bias. For example, it is relatively easy for short sellers (investors who want the price of a security to fall) to bet against publicly traded stocks through an online broker. The same is not true in the less regulated cryptocurrency sector. Although some cryptocurrency exchanges allow investors to short well-known digital currencies, downside betting is not common in the cryptocurrency space. This provides a natural buying bias, especially for lesser-known coins that are riding a wave of momentum.

Going further, social media buzz plays a much bigger role in cryptocurrency valuation than the stock market. Since most blockchain projects are still in the development phase, internet rumor and confirmation bias play a key role in driving up the valuations of the digital tokens that are on the rise.

Don't discount the fear of missing out (FOMO) either. Since short selling is not commonplace and social media buzz/tweets can be enough to send cryptocurrencies to the moon, SHIB investors have not been the least bit concerned about the fact that it rose 121,000,000% on October 27, when it hit its all-time high of $0.00008841.

Other factors that have played a role in Shiba Inu's historic rise include the launch of decentralized exchange ShibaSwap, new listings on cryptocurrency exchanges, a big coin burn event, and the waiting for the launch of the Shibarium level 2 blockchain in 2022.
Those who don't lock in their winnings will regret it.

It is entirely plausible that we will never see an annual return of this magnitude again. But it's also very likely that Shiba Inu will experience an equally strong reversion over the next 12 to 24 months.

Perhaps the biggest enemy of Shiba Inu and their "hodlers" is history. Over the past five years, a small handful of coins have seen a rally from 24,000% to almost 462,000% in a relatively short period of time (usually between 10 and 30 months). But after these cryptocurrencies peaked, they all lost between 93% and 99% of their value in 26 months or less.

The other glaring problem with the Shiba Inu is that it offers no competitive advantage or real differentiation. Although it is one of the most prominent cryptocurrencies on social media, the hype always proves to be fleeting. Ultimately, there is nothing in the Shiba Inu coin that would compel businesses to accept it over a slew of other more effective or unique crypto options. As of December 16, only 387 merchants worldwide accepted SHIB as a means of payment.

Shiba Inu has already fallen 63% from its all-time high in less than two months. If the hodlers don't lock in their gains soon, they could be in for a long and painful descent.

Trader Shiba Inu ON BINANCE
https://accounts.binance.com/en/register?ref=35820199
If you invested $100 in Shiba Inu on January 1, you are incredibly rich today. Shiba Inu is an ERC-20 token built on the Ethereum blockchain that effectively came out of nowhere to, at some point, end up among the top 10 digital currencies by market capitalization. In early 2021, investors had the option to buy this little-known cryptocurrency for $0.000000000073 per token, according to Coingecko.com. If you're wondering why the price was so low, keep in mind that when Shiba Inu was launched in early August 2020, it had a circulating supply of 1 quadrillion SHIB. But as of December 16, those same tokens were changing hands on cryptocurrency exchanges for $0.00003305. By consuming six zeros after the decimal, Shiba Inu has achieved a return of 45,273,873% since the beginning of the year! If you had invested $100 in SHIB at the stroke of midnight on January 1 and held that stake throughout the year, you would now be sitting on a position valued at $45,273,973. How can an asset appreciate 45,000,000% in less than a year? The question that probably comes to mind is, “How is it possible for an asset to gain 45,000,000% in less than a year? The answer has many elements. For starters, the cryptocurrency space is designed with an inherent buying bias. For example, it is relatively easy for short sellers (investors who want the price of a security to fall) to bet against publicly traded stocks through an online broker. The same is not true in the less regulated cryptocurrency sector. Although some cryptocurrency exchanges allow investors to short well-known digital currencies, downside betting is not common in the cryptocurrency space. This provides a natural buying bias, especially for lesser-known coins that are riding a wave of momentum. Going further, social media buzz plays a much bigger role in cryptocurrency valuation than the stock market. Since most blockchain projects are still in the development phase, internet rumor and confirmation bias play a key role in driving up the valuations of the digital tokens that are on the rise. Don't discount the fear of missing out (FOMO) either. Since short selling is not commonplace and social media buzz/tweets can be enough to send cryptocurrencies to the moon, SHIB investors have not been the least bit concerned about the fact that it rose 121,000,000% on October 27, when it hit its all-time high of $0.00008841. Other factors that have played a role in Shiba Inu's historic rise include the launch of decentralized exchange ShibaSwap, new listings on cryptocurrency exchanges, a big coin burn event, and the waiting for the launch of the Shibarium level 2 blockchain in 2022. Those who don't lock in their winnings will regret it. It is entirely plausible that we will never see an annual return of this magnitude again. But it's also very likely that Shiba Inu will experience an equally strong reversion over the next 12 to 24 months. Perhaps the biggest enemy of Shiba Inu and their "hodlers" is history. Over the past five years, a small handful of coins have seen a rally from 24,000% to almost 462,000% in a relatively short period of time (usually between 10 and 30 months). But after these cryptocurrencies peaked, they all lost between 93% and 99% of their value in 26 months or less. The other glaring problem with the Shiba Inu is that it offers no competitive advantage or real differentiation. Although it is one of the most prominent cryptocurrencies on social media, the hype always proves to be fleeting. Ultimately, there is nothing in the Shiba Inu coin that would compel businesses to accept it over a slew of other more effective or unique crypto options. As of December 16, only 387 merchants worldwide accepted SHIB as a means of payment. Shiba Inu has already fallen 63% from its all-time high in less than two months. If the hodlers don't lock in their gains soon, they could be in for a long and painful descent. Trader Shiba Inu ON BINANCE https://accounts.binance.com/en/register?ref=35820199
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