But again, the tradeoff is that you’re putting serious capital at risk.īy finding the next Shiba Inu, you could put in a relatively small figure and possibly generate huge returns. There is a caveat to that scenario: it’s more probable that Bitcoin will rise to $100,000 than it is some random junk coin will generate big returns. However, you could have made the same nominal profit putting $8,000 in SHIB between late September and early October. However, the positive end is that mathematically speaking, the risk-reward narrative presently favors you.įor instance, if Bitcoin (CCC: BTC-USD) were to jump from $60,000 to $100,000, you’d need to put $60,000 at risk to make $40,000. By the time the panic has subsided, you could wake up to serious losses.Įven if you’re awake for the action, cryptos can be cruel. While you’re sleeping, your position could exponentially rise in value, only to come crashing down as early proponents take their profits.

Imagine the next Shiba Inu is some obscure coin or token that few have ever heard of - except for a ravenous community on the other side of the globe. Previously, I considered this a positive aspect of the market due to its inclusive nature. Because virtual currencies are incredibly volatile, you could lose everything in a blink of an eye.įurthermore, cryptos never stop trading. To be completely and brutally honest, don’t bet money you can’t afford to lose on the next Shiba Inu - or any crypto, for that matter. While terrifyingly risky, it raises the obvious question: which meme coins could be the next Shiba Inu? Between early April and early May of this year, the price of SHIB tokens rose several hundred times higher.

Perhaps no other alternative cryptocurrency has had more of an impact on the speculative digital asset markets than Shiba Inu (CCC: SHIB-USD).

Why are you sleeping meme