Shiba Inu soared over the weekend to become the 11th-biggest cryptocurrency by market value.
A petition imploring Robinhood to list Shiba Inu (SHIB) on its platform has garnered almost 300,000 signatures. The token has gained more than 40 million percent in the past year makes it one of the best investments of all time. These meme tokens have taken off as a generation of investors are sick of traditional markets. These lower dollar-price tokens are attractive to retail because investors can still buy more than 20,000 SHIB for $1 which gives people the dream that they could make millions fast.
Even though these tokens started as jokes the SHIB ecosystem has also dropped a number of non-fungible tokens looking to add more value to the coin. After the DOGE frenzy everyone has been looking for the next crazy mover and with all the momentum piling into SHIB its happening.
The real lesson here is don’t short things Millennials think are funny. I missed out on the DOGE pump, but got in on SHIB right before it took off. My $300 investment is not around $3000 which is not too bad for holding for a few weeks. The news on the street is the SHIBArmy is looking for $0.01 which would make SHIB's market cap outrageous. We need more than just a pump we need to see some more real-world applications and for it to be widely accepted as payment.I'm not counting it out because this is crypto, but at this point SHIB is a lottery ticket for me. I really hop we can get to $0.01 or better yet $0.50 like some have posted!
For now the hype is real don't miss out.
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