Shiba Inu, Dogecoin, Floki Inu, Baby Dogecoin, Dogelon Mars, Baby Doge Billionaire, and other memcoins are here to stay, so long as memes are alive on the internet, say experts.
Crypto investors and analysts said that as long as many investors around the world are still learning about investing in crypto and making some extra cash, there will always be some who would invest in these memecoins.
In October, Shiba Inu had a bullish momentum of over 700%, and this was more than enough for a general investor to make a quick buck. A dad revealed that he became a millionaire in just 6 months after investing a whopping $8,000 on Shiba Inu.
Moreover, a crypto investor who bought $7,850 worth of Shiba Inu tokens in 2020, became a billionaire last month.
The current hype around Shiba Inu and Dogecoin was moving along with the meme-trend becoming popular in crypto, opening doors to many opportunities. AMC theaters has added payment supports for the 2 memcoins. Thus, users can pay using their memecoins.
Despite all the good news and hype, cryptocurrencies are extremely volatile and can be incredibly risky to invest in.