Jump to content

Welcome to the new Traders Laboratory! Please bear with us as we finish the migration over the next few days. If you find any issues, want to leave feedback, get in touch with us, or offer suggestions please post to the Support forum here.

  • Welcome Guests

    Welcome. You are currently viewing the forum as a guest which does not give you access to all the great features at Traders Laboratory such as interacting with members, access to all forums, downloading attachments, and eligibility to win free giveaways. Registration is fast, simple and absolutely free. Create a FREE Traders Laboratory account here.


Will Shiba Inu (SHIB) ever reach 1 cent or even $1?

Recommended Posts


12 November 2021 | Updated: 12 November 2021

It’s a Doge-Eat-Doge World Out There

Shiba Inu is the latest meme coin. Its holders are promising it will make you an overnight millionaire.

And they have proof to back up their claims.

In August, a Shiba holder spent $3,400 on the meme coin. Now it’s worth $1.5 billion.

Impressed yet? If not, consider another dog coin baron.

This one bought $8,000 worth in August. It’s now worth $5.7 billion. For those counting, that’s $8,000 to $5.7 billion in about 400 days.

Some are calling it the “greatest trade ever.”

Not quite.
It's a Doge-Eat-Doge World Out ThereShiba has leapfrogged dogecoin to become the ninth-most valuable crypto in the world.

Obviously, that’s not a buy signal.

So why is Shiba pumping? Well, apart from the fact that the majority almost always buy green and sell red…

The “Dogecoin Killer”
Crypto whales use meme coins as a gauge of how much new — and unsophisticated — money is moving into the crypto markets. And then they do everything they can to take that money from them.

(Anecdotal, but almost everyone I’ve talked to who’s recently gotten into crypto started with a dog coin.)

This morning, for kicks, I asked crypto whale watcher Justin Gupta of CryptoDash.live what he thought about Shiba.

“Cryptocurrencies are volatile as is,” said Justin. “But when they are not well distributed, and only a few control a large portion of the tokens, they become even more so. This is because these few individuals can move the market at their whim.”

In the case of Shiba, Justin explained, nearly 1/5th of the supply is controlled by two accounts: “Meaning at any given moment, if these accounts decide to dump, they could trigger a massive panic sell-off and crash the asset.”

It's a Doge-Eat-Doge World Out There One fifth of Shiba is held by 2 accounts

One fifth of Shiba is held by 2 accounts

Compare that to Dogecoin, where the top two accounts hold 10% of total circulating supply.

But, in the end…

It Doesn’t Matter
The reality of the current crypto market is that virtually nobody cares about the technology or tokenomics. Consider, months ago Shiba pumped 300% after Elon Musk tweeted he would be getting a Shiba Inu dog.

And to the untrained eye, Shiba seems cheap.

It’s currently sitting at $0.00007253.

But, the market cap is $40 billion, bigger than Robinhood. Bigger than Sysco Corp., the largest food distribution company in America. (And its circulating supply is around 550 trillion.)

If you’re buying into Shiba today it’s because you’re convinced it’s going to 1 cent. Maybe even $1. I’ll tell you right now. It’s not going to happen.

Yes, this points to new money coming into this space. But there are clearly other things driving this mania. Sometimes these things are best expressed with memes:
Shib-4.pngRichard Burton, a designer for DeFi projects, brought up an important point that gets far less attention than the money printers: barriers to entry in traditional finance.

Shiba Inu, he wrote, “is what happens when you stop generations of Americans from investing in startups with Accredited Investor Laws designed to ‘protect people.'”

Perhaps lower barriers to entry mean we create more informed investors. Or… as in the case with all meme coins and stocks… perhaps not.

NB: Shiba Inu is not the next bitcoin. More likely, it’ll be where most newbies get fleeced. If you’re looking for solid advice on the projects worthy of your hard-earned money, look no further.

Source: https://learn2.trade/will-shiba-inu-shib-ever-reach-1-cent-or-even-1 

Share this post

Link to post
Share on other sites

Join the conversation

You can post now and register later. If you have an account, sign in now to post with your account.
Note: Your post will require moderator approval before it will be visible.

Reply to this topic...

×   Pasted as rich text.   Paste as plain text instead

  Only 75 emoji are allowed.

×   Your link has been automatically embedded.   Display as a link instead

×   Your previous content has been restored.   Clear editor

×   You cannot paste images directly. Upload or insert images from URL.

  • Topics

  • Posts

    • i believe the min deposit is 50usd, except for wire transfer its 250. 
    • yes this is true, its not abattle of brokers (though a good broker should be chosen first) at the end of the day its the trader and his decisions
    • the fed reserve is sending mixed signals, it does affect crypto badly, im at a lose at the start of this year but i still have forex anyway haha
    • Yeah very strange name for a broker. To add my two cents I would also vote for Hotforex very honest broker with reliable platform. Filled my orders perfectly at yesterday breakout on Gold after the Fed meeting. 
    • Date : 26th January 2022. Market update – January 26 – Central Banks Eyed. It was a wild Tuesday in the lead up to today’s FOMC decision. Both bonds and stocks closed lower as the Fed is widely expected to outline a rate hike strategy with a 25 bp liftoff in March. Exaggerated fears of a 50 bp move and perhaps a string of 4 to 5 hikes this year have dissipated, though we suspect the markets are still positioned too bearishly. We expect the policy statement and Fed Chair Powell’s press conference to be less hawkish than anticipated, hence setting the markets up for a bit of a relief rally. So far today, Bonds have struggled, stocks hit the skids again in the US session but eased in the Asia session, and FX markets have remained in a narrow range as markets wait for the FOMC and BoC. Australia was on holiday, which made for somewhat lower volumes, but it was mainly the upcoming FOMC announcement that put a lid on markets. Ukraine tensions and speculation over gas supplies to Europe in case of an escalation of tensions with Russia are weighing on sentiment. UK PM Boris Johnson now has to answer the police over “partygate”, with calls for him to resign getting louder.   USD (USDIndex 96) continues incline – 3rd day above 20-DMA. The 10-year Treasury rate is up 0.4 bp at 1.773%. The 10-year JGB rate is also slightly higher, but the 2-year paper found buyers as the BoJ summary shows commitment to loose policy. – The bank’s stance focused on providing stimulus to reach the 2% inflation goal. Treasury’s $55 bln 5-year auction was super strong. Equities – The USA100’s -3.18% drop paced the weakness, followed by a -2.8% loss on the USA500 and a -2.3% decline on the USA30. Today, Topix and Nikkei corrected -0.25% and -0.44%, GER40 and UK100 futures are up 0.66% and 0.84% respectively, while the Euro Stoxx 50 is 0.7% higher. Earnings: General Electric, beat on earnings, but missed on revenue, which weighed heavily while American Express provided upside support on solid earnings led by record credit card spending. Microsoft beats expectations with $18.8bn profit. Central banks clearly are getting nervous about the risk of second round effects, but the IMF’s growth downgrades yesterday also highlighted the risks from slowing momentum in China and virus developments. USOil – up to $84.60 – API data shows US crude stocks fall,Biden threatens sanctions on Putin over any invasion, markets await Fed update, US approves oil exchange from strategic reserve. Yemen’s Iran-aligned Houthi movement launched a missile attack on a United Arab Emirates base hosting the US military. Gold – down to $1844 from $1854. Bitcoin at $37,000 handle. FX markets – USDJPY steady at 113.95. EURUSD at 1.1295 & Cable at 1.3500. European Open – Bund futures are under pressure, while US futures are moving higher, while in cash markets, the German 10-year Bund yield has lifted 0.4 bp to -0.08%. BTPs are supported though and spreads are coming in. Today – Along with today’s BoC and FOMC result, the earnings calendar is heavy. Today’s slate features several biggies, including Tesla, Abbott Labs, Intel, AT&T, Boeing, Anthem, ServiceNow, ADP, Lam Research, Crown Castle, Norfolk Southern, Freeport-McMoran, Progressive, Kimberly-Clark, Amphenol, Ameriprise, Corning, Nasdaq, Hess, Teradyne, Seagate, United Rentals, Raymond James, and Teledyne. Data includes the December advance goods trade report Biggest FX Mover @ (07:30 GMT) CADCHF – Breaks 0.7300 (R1) from 0.7195 lows on Monday. Fast MAs aligned lower intraday with all momentum indicators pointing further higher. Always trade with strict risk management. Your capital is the single most important aspect of your trading business. Please note that times displayed based on local time zone and are from time of writing this report. Click HERE to access the full HotForex Economic calendar. Want to learn to trade and analyse the markets? Join our webinars and get analysis and trading ideas combined with better understanding on how markets work. Click HERE to register for FREE! Click HERE to READ more Market news. Andria Pichidi Market Analyst HotForex Disclaimer: This material is provided as a general marketing communication for information purposes only and does not constitute an independent investment research. Nothing in this communication contains, or should be considered as containing, an investment advice or an investment recommendation or a solicitation for the purpose of buying or selling of any financial instrument. All information provided is gathered from reputable sources and any information containing an indication of past performance is not a guarantee or reliable indicator of future performance. Users acknowledge that any investment in FX and CFDs products is characterized by a certain degree of uncertainty and that any investment of this nature involves a high level of risk for which the users are solely responsible and liable. We assume no liability for any loss arising from any investment made based on the information provided in this communication. This communication must not be reproduced or further distributed without our prior written permission.
  • Create New...

Important Information

By using this site, you agree to our Terms of Use.