A man who knows about money and computers thinks that two funny dog coins, Dogecoin and Shiba Inu, will go up in value soon. He says they are being bought by many people right now and might have a big increase next year or the year after. But he also warns that they won't ever be as valuable as some other bigger coins like Bitcoin. Another man who studies money patterns thinks Shiba Inu could go higher than $0.000010 and try to reach $0.000014 soon. Read from source...
1. The title is misleading and clickbait-like, as it suggests that both Dogecoin (DOGE) and Shiba Inu (SHIB) are ready to explode in value, but then the article contradicts itself by stating that they will never experience the same insane growth as Bitcoin (BTC). This creates confusion for the readers and makes them question the credibility of the author and the source.
2. The analyst's opinion is not backed up by any solid evidence or data, such as market trends, adoption rates, network effects, etc. He merely states his personal preferences and expectations, which may or may not align with reality. This makes his argument weak and unconvincing.
3. The use of terms like "meme cryptocurrencies" is derogatory and disrespectful to the projects and communities behind them. Memes are not a valid criteria for evaluating the value and potential of a digital asset, and such labels can be seen as an attempt to undermine their legitimacy and appeal.
4. The analyst's strategy of waiting for the first big move before trading is risky and opportunistic, rather than informed and disciplined. He is essentially gambling on speculation and hype, instead of doing thorough research and analysis. This could lead to losses and disappointments for him and his followers.
5. The comparison between DOGE and SHIB and BTC is flawed and unfair, as they are different in nature, purpose, and performance. BTC is the dominant and most recognized cryptocurrency, with a large and diverse ecosystem of users, developers, businesses, and institutions. DOGE and SHIB are smaller and more niche tokens, with less infrastructure and support, but more flexibility and experimentation. They have different use cases, values, and audiences, and should not be judged by the same standards or expectations.
6. The article does not provide any context or perspective on the current market conditions, such as inflation, interest rates, regulations, geopolitical events, etc. These factors can significantly influence the demand and supply of cryptocurrencies, and their price movements. Ignoring them could lead to missed opportunities or unforeseen risks for investors and traders.
7. The article lacks objectivity and balance, as it only presents one side of the story, without acknowledging any counterarguments or alternative views. This creates a biased and incomplete picture of the situation, which could mislead or misinform the readers. A more comprehensive and nuanced approach would be to consider both the positive and negative aspects of each coin, as well as their strengths and weaknesses, opportunities and threats.