A cryptocurrency influencer has been sharing support for Shiba Inu coin recently, which has some believing the coin will rise significantly soon.
Will Shib coin rise? What an expert predicts:
Cryptocurrency influencer Coin Bureau recently posted a new YouTube video to his Coin Bureau account that Shib coin may rise again. He said in the video, “there might be more to this token than meets the eye.”
Could Shiba Inu coin rise because of Dogecoin?
Coin Bureau said he has been keeping an eye on Shib coin for a few weeks now, especially after rumors that Coinbase will add Shib coin to its app, according to The Daily Hodl.
“Shiba Inu is one of the cryptos in this category, and it’s one that I’ve only ever mentioned in a negative context. But when I heard that Coinbase will be listing SHIB, however, I began to consider the possibility that there might be more to Shiba Inu than meets the eye,” he said.
Why Shib coin may climb again
Per FX Leaders, Coin Bureau suggested that the coin’s success could hinge on Dogecoin’s drop in success. Dogecoin was one of the biggest cryptocurrencies in April and May — especially as Tesla CEO Elon Musk tweeted and chatted about it — before falling off, as I wrote for the Deseret News.
“Where Shiba Inu and Dogecoin differ are the connections they have to the crypto community. DOGE is really just a meme and nothing more. … As community-driven as Shiba Inu is, there definitely seem to be some seriously prolific people behind the project,” Coin Bureau said.
Will Shiba Inu coin rebound? Does it really matter?
Be cautious with Shib Coin
As CryptoMode reminds us, there is no science to cryptocurrency. In fact, cryptocurrency is volatile — you will never know what’s going to happen.
“Even though this week’s momentum has been promising for SHIB, there is still a lot of market volatility,” CryptoMode reports. “While Bitcoin and Ethereum move up, other assets may do the same. However, when the markets turn bearish again, it is not unlikely that Shiba Inu will see its value drop by quite a margin. Therefore, it remains a speculative asset first and foremost, and caution is advised.”
How a minimally invasive spinal surgery immediately relieved one Utah man’s back pain
Next Up In Business
Could Shiba Inu coin rise on July 20?
Financial expert calls Dogecoin ‘a joke.’ But what about Tiger King coin?
Utah’s Traeger Grills lights a fire under public stock offering effort
Grasshopper invasion adding to plight of Utah farmers
Why Utah airline passenger was fined over $10K, and how children are helping FAA stop ‘unruly behavior’
How the Gates Foundation will survive Bill and Melinda’s divorce
We believe it’s possible to disagree without being disagreeable. In short, we encourage comments that are:
Civil and constructive
Clear and to the point
Respectful and empathetic toward other community members and their opinions
See our full list of community guidelines.
All Opinion and Perspective articles are set to premoderate due to the tenor of the conversations.
If you already have an account but are unable to access it, please click on the sign in button below and then reset your password.
Cryptocurrencies are a giant Ponzi scheme. Its not ‘digital Gold.’ Crypto’s are literally ‘nothing.’ Physically, nothing can be done with them because they are immaterial. They have no value. If you want a real inflation hedge, then buy actual physical Silver and Gold.
If your going to say that you can’t do anything industrially with Silver, then you are mistaken. As for Gold, it has been valued since time in immemorial by all races, peoples and cultures.