October 29, 2021 - mediadealer - Money Hacks - 1,214 views
Date: 2021-10-13 16:40:36
Here is what you need to know about Shiba Inu being listed on Robinhood, why its price target seems to increase, and the pros / cons relative to Dogecoin – Enjoy! Add me on Instagram: GPStephan
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Shiba Inu was first released in August of 2020, following the growing popularity of Dogecoin, and featuring the Shiba Inu meme as its mascot. Unlike Dogecoin – which operates within the Litecoin network..Shiba Inu is based within the Ethereum ecosystem, giving them the potential to implement smart contracts, issue NFTs, and scale across the existing platform….but, there’s a bit of a catch:
The main issue holding back Shiba Inu from ever reaching 1 penny is that…with 400 TRILLION COINS in circulation….either the market cap needs to increase to $3,961,440,000,000….which, would make Shiba Inu 2.5x more valuable than Amazon…OR, coins need to be taken OUT OF circulation.
That’s why, comments like “If doge went to 1c Shiba can too”…paints a VERY poor picture of total supply…because, if Shiba Inu had the same total supply as Dogecoin RIGHT NOW….the price would be CURRENTLY trading at 9 cents….and, as we can all see…we’re about $36 trillion dollars away from that.
On the top of the agenda seems to be getting Shiba Inu listed on Robinhood, just like they did Dogecoin back in 2018….and, already, there’s a petition with over 230,000 signatures and counting…which, by the way, I’ll link down below in the description for anyone interested in signing.
Although, even though adding a new cryptocurrency to Robinhood could be SIGNIFICANT in boosting momentum…there’s still not enough data available to determine what type of an effect it’ll have, and how that might impact the price.
PROS FOR SHIBA:
-Piggybacks on Dogecoin Momentum
-Value in a Network Effect
CONS FOR SHIBA:
-Not as strong of a use case
-Lack of fundamentals to support run-up in price
-Peak Media Attention
So, at the end of the day….my advice is this – if you’re holding on to Shiba Inu right now, just ask yourself: would YOU buy in at the price it’s currently trading at? If the answer is NO, then the question becomes – why are you holding on to it, because essentially – you not selling, is the same as you buying in at that same price.
As for why I’m buying: in my previous video, I explained that I would buy 5 cents of Shiba Inu for every like that video got…and, I’m going to hold up my word on that. I consider it a bit like an experiment we can all be a part of, and whether it makes or loses money isn’t the point…it’s just a show of my support to be a part of the community, and invest in the topics I talk about, so that way – I have a better understanding.
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For business or one-on-one real estate investing/real estate agent consulting inquiries, you can reach me at GrahamStephanBusiness@gmail.com
*Some of the links and other products that appear on this video are from companies which Graham Stephan will earn an affiliate commission or referral bonus. Graham Stephan is part of an affiliate network and receives compensation for sending traffic to partner sites. The content in this video is accurate as of the posting date. Some of the offers mentioned may no longer be available. This is not investment advice. Public Offer valid for U.S. residents 18+ and subject to account approval. There may be other fees associated with trading. See Public.com/disclosures/
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