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The statistics from CoinMarketCap data shows that the daily trade volume of Shiba Inu was pegged at $1.078 million on Coinbase Exchange platform, this value is said to be higher than Ether, Bitcoin, and Solana combined.
The market capitalization of Shiba Inu is currently $15.4 billion, it is the 13th biggest cryptocurrency. It is inching closer to flipping Dogecoin, which remains in 9th place with a market cap of $32.7 billion.

 

[Mariappa45]

Yeah, the coin indeed do have a lot of potential and I believe it will be for the best to keep it for a long term purpose. Although the market wasn't doing so well for the past few days

It got potentials, and the statistics have shown that the coin will be a profitable one for investors in the future. I think in the last 24 hours the coins are doing better.

 

[Jack / 47 F1]

it has gotten to the point were people look at such short term movements of coins / stocks to determine their value. always talking of the last 24 - 72 hrs or the last wk. so what if something has / hasnt moved up or down in such a short period of time. you have to look at the bigger picture. what is the 4hr, daily ( D1 ), weekly or monthly price / charts doing ?¿?¿ thats when you get the real picture of what is going on. there are always pull backs, runs up or down, side ways channels. in swing trading, you take a trade for days, weeks, months or even years. scalping is for such short time periods & its not an accurate indication.

 

[CyberPreNurse]

Yeah, the coin indeed do have a lot of potential and I believe it will be for the best to keep it for a long term purpose. Although the market wasn't doing so well for the past few days

I am not going for a long term on Shiba Inu, but would be trading daily and taking profits as often as possible. This is a strategy that I want to be using to make sure I acquire as much profits as possible from Shiba Inu and other crypto currencies before finally deciding to consider a long term investment.
What do you think?

 

[Jack / 47 F1]

I am not going for a long term on Shiba Inu, but would be trading daily and taking profits as often as possible. This is a strategy that I want to be using to make sure I acquire as much profits as possible from Shiba Inu and other crypto currencies before finally deciding to consider a long term investment.
What do you think?

since shiba is so cheap at the moment, just 50 usd or 50 euros, will get you about 1.1 million shibas. so just investing a small amount of money, you get a bunch of shiba. which can then be held for the long term. day trading or swing trading shiba can also be very profitable. its up to you. but with the recent volatility across the board affecting all cryptos, i personally wouldnt be trading until the markets cool down. in the month of dec, all markets cool down until around mid jan. reason being that the big money / big investors are on vacation.

 

[btaliat]

Yeah, the coin indeed do have a lot of potential and I believe it will be for the best to keep it for a long term purpose. Although the market wasn't doing so well for the past few days

I am very sure that majority of Shiba Inu holders would have sold their coins last week when the price of the coin was doing downtrend with much percentage. To newbies, this called for panicking but to the expert traders, this will be a chance to accumulate more Shiba Inu.

 

[Jack / 47 F1]

I am not going for a long term on Shiba Inu, but would be trading daily and taking profits as often as possible. This is a strategy that I want to be using to make sure I acquire as much profits as possible from Shiba Inu and other crypto currencies before finally deciding to consider a long term investment.
What do you think?

heres a web page that is focused towards shiba & trading shiba. i saw it after see your post about how you wanted to trade shiba, rather than buy & hold. i have no idea if the web page is good or not, or if it is a scam or not. you can check it out if you want. also check out the chart, shiba has now started to turn upwards or bullish again.

what i noticed about the web page, is that it says shiba has an unlimited supply. that isnt true. shiba has a market cap of 1 quadrillion. maybe a simple mistake or maybe an indication that the web page is crap. i dont know.

https://trade.eightcap.com/en/trade...ource=bitmedia.io&utm_term=static257785096135

 

[CyberPreNurse]

since shiba is so cheap at the moment, just 50 usd or 50 euros, will get you about 1.1 million shibas. so just investing a small amount of money, you get a bunch of shiba. which can then be held for the long term. day trading or swing trading shiba can also be very profitable. its up to you. but with the recent volatility across the board affecting all cryptos, i personally wouldnt be trading until the markets cool down. in the month of dec, all markets cool down until around mid jan. reason being that the big money / big investors are on vacation.

That is good then, but personally I am of the opinion that this is the very best time to purchase any coin as their prices have dropped, so that when things start going up and the market is coming up, you would be in massive profits. This is far better than waiting to buy when they at at their all time high.
Thanks for your analysis though.