A lot of Shiba Inu coins were sold quickly and their value went down a lot in just one day. But many people still want to buy and hold these coins, so they are not losing hope. Some people have a lot of these coins and they believe in them for the long term. Read from source...
1. The title is misleading and sensationalized, implying that the entire Shiba Inu token has been liquidated in just 24 hours, which is false and exaggerated. Only a fraction of the total supply (14.8 trillion) was liquidated during that period, leaving a huge amount still in circulation and unmoved by market fluctuations.
2. The article focuses too much on trading volume and transaction count as indicators of market performance and interest, while ignoring other more relevant factors such as developer activity, community engagement, network effects, and fundamental value proposition of the token. Trading volume can be manipulated or influenced by whales or bot activities, and does not necessarily reflect actual demand or adoption of the token.
3. The article uses outdated or unreliable data sources, such as IntoTheBlock, which is a relatively new and unknown platform that may not have accurate or comprehensive information on SHIB holders and their behavior. Moreover, the article does not provide any citations or references for its claims, making it difficult to verify or assess the credibility of the information presented.
4. The article portrays Shiba Inu as a risky and volatile investment, without acknowledging its potential advantages or long-term prospects. It also compares SHIB unfavorably with other meme coins, such as Dogecoin and Floki Inu, without considering their differences in terms of purpose, design, utility, and value proposition. Shiba Inu may have a unique niche and fan base that differentiates it from other meme coins and gives it a competitive edge in the market.
5. The article shows a negative bias against SHIB and its holders, implying that they are irrational, emotional, or naive, without providing any evidence or analysis to support this claim. It also suggests that SHIB investors are prone to FOMO (fear of missing out) or FUD (fear, uncertainty, and doubt), which may not be the case for many of them who have held their tokens for over a year and have a long-term vision for their investment.
1. Shiba Inu Token (SHIB): Buy and Hodl for long-term gains, as it has shown strong support at current levels and is backed by a dedicated community of holders who are willing to buy the dip. SHIB has a high potential for appreciation in the next bull run, especially with increasing adoption and integration into decentralized finance (DeFi) projects.
2. Ethereum (ETH): Buy on dips and accumulate gradually, as it is the leading smart contract platform and is expected to benefit from the growing demand for decentralized applications (dApps), non-fistant (NFT) marketplaces, and Web 3.0 infrastructure development. ETH has a strong technical indicators and is poised for further growth in the next bull run.
3. Bitcoin (BTC): Buy on dips and hold for the long term, as it is the most popular and valuable cryptocurrency and acts as a store of value and a hedge against inflation. BTC has a proven track record of recovering from market downturns and is expected to reach new all-time highs in the next bull run, driven by increasing adoption, institutional interest, and network effect.
4. Cardano (ADA): Buy on dips and accumulate gradually, as it is a fast, scalable, and energy-efficient blockchain platform that is designed to compete with Ethereum in terms of smart contract functionality and decentralization. ADA has strong fundamentals and is backed by a research-driven development strategy and a large ecosystem of developers and partners.
5. Polkadot (DOT): Buy on dips and accumulate gradually, as it is a multi-chain interoperability platform that enables the seamless transfer of assets and data between different blockchains, allowing for greater innovation and collaboration in the crypto space. DOT has strong technical indicators and is expected to benefit from the growing demand for DeFi, NFTs, and Web 3.0 applications.