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In the world of digital assets, cryptocurrencies often offer high returns that grab attention. Many people see this as a quick way to make a lot of money due to the fluctuating prices. Shiba Inu, often referred to as the “dogecoin killer,” is one such cryptocurrency. As a meme coin, Shiba Inu’s price is always changing. So, it’s quite possible to turn your $50 into $300 during Shiba Inu’s high price phase. In fact, Shiba Inu has already made its investors quite happy with its high prices. Let’s see how we can achieve this 150% gain from Shiba Inu’s price movement.
Investing Strategy : How to Get Profitable Returns From Shiba Inu?
Investing in a coin like Shiba Inu, which often changes in price, is risky. But it has proved to be highly profitable in the past. And with the recent shift to altcoins away from blue chips, Shiba Inu has more potential to regain its position. Investors believe it can reach up to 1 cent in 2025. Although Shiba Inu can reach high price points, it’s crucial to do your own research before investing in this coin. Also, consider market sentiments and volatility. The safest option is Dollar Cost Averaging (DCA) as it helps in reducing risk.
Now, let’s circle back to our original question: Can Shiba Inu provide a return of $300 on an investment of $50? Yes, it’s not surprising for a coin like Shiba Inu to give such returns. In fact, Shiba Inu is currently trading at a price 135% higher than its original launch price. Ever since its launch in August 2020, Shiba Inu has often shown high price phases providing record-breaking prices. So, we can be optimistic that Shiba Inu will achieve a sensational price. Still, we should be cautious while investing, especially in Shiba Inu. Always remember to put in only what you can afford to lose and do not fall prey to fear of missing out!
Diversify: Never Put All Your Eggs in a Single Basket
Diversification is a solution to all your investing problems. In addition to the most obvious industry leader choices like Bitcoin, Ethereum, Solana, and meme coins like Shiba Inu, new coins can also be explored. One such coin is Bitgert’ BRISE coin. Its blockchain boosts 100K transactions per second with a lucrative almost zero gas fee.
This attracts investors which helps in the surge of price. Unlike other meme coins, Bitgert also offers utility value as it serves as an engagement reward token coin whereas Shiba Inu has no real utility value. Moreover, its multi-chain compatibility with Etherreum and its own network adds to transaction speed and helps with scalability issues. Overall, Bitgert is a high potential meme coin to add to your portfolio. To learn more about Bitgert coin, visit – https://bitgert.com
Source: https://finbold.com/shiba-inu-price-outlook-insights-into-shibs-performance-today/