The meme coin wave is driving the crypto world crazy. The drivers include well-known and reputed Entrepreneurs like Elon Musk. But it's all crypto, anything can go wrong any time and it's all highly volatile. You might have already heard about the success stories of your friends making an exit of 100x within a week of investing in meme coins.
Indian exchange WazirX listed the Shiba coin on Wednesday 12th of May 2021 and immediately saw a surge in the price as Indians were desperately looking forward to investing in this meme coin. Unfortunately, WazirX had to stop trades on Shiba due to some operational difficulties that are still unknown.
Attached below are the screenshots from a buy and sell on a difference of 4 minutes in the WazirX exchange. This looks so unreal, right? This same coin was seeing a fall when the Etherum founder Vitalik announced a donation of $1Bn to India via Shiba.
Most of the shares on this transaction were in the form of this Shiba coin which was too nascent for this billion-dollar transaction. This has made a huge loss among many investors and wasn't a good day at all for the retail investors.
If you're using WazirX referral code, make sure to choose your right cryptocurrency and I always advise you to stay away from the meme coins and find coins like Etherum that have great utility and fundamentals and make investments for the long-term.
The Shiba Inu coin was self-proclaimed as the DOGE Killer and certainly too much to believe, it aims to accelerate more and more decentralization and empowering more control sharing with the community rather than the original developers of the coin.
There is a big question about the future, purpose, and utility of the coin and it makes you clearly understand that the coin has zero fundamentals. Many of the consultants and analyst have already warned to invest at your own risk when you're investing on Cryptocurrency.
The big question that everyone will still have is that will Shiba Inu ever reach the $1 mark, and my answer is that stable coins are currencies that already have steady prices and are expected to have a low price variation as well.
So if by any chance the Dogecoin hits the $1 mark, then it will become a solid currency for the millions of investors around. Hence the price of the DOGE coin is unlikely to take a sudden dip. It's also against your common sense to think that this coin can go above the $1 mark overnight.
https://www.techbuy.in/wazirx-referral-code/
The American Billionaire entrepreneur Mark Cuban said about Dogecoin that “I kind of think that it might level off at $1 and become somewhat like a stable coin-“. If DOGE becomes a ‘Stablecoin’ then the currency will always have a place in the trading market as a contingency for investors when the market is too volatile."
https://www.wazirxreferralcode.com/
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