Shiba Inu Still Risky?

Shiba Inu is 8000 short of one million unique addresses

GiftChill, AMC Entertainment, and Vegas Auto gallery are among institutions where Shiba Inu will be available for payments.

Shiba Inu ranked first in the most searched Cryptocurrency in 30 US states.

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After the first bullish run by Shiba Inu, many investors feared that the Dogecoin acclaimed Killer is a bubble that will blow anytime soon. This made some investors skeptical about the coin. The bullish run exhibited by the coin from the last week of October to the first week of November 2021 drew a lot of attention to the coin. Many investors after seeing +800% were forced to add the meme coin to their portfolio. The coin might be in a dip in line with the general crypto market, but there is a daily increase in the number of addresses hodl the meme coin.

According to statistics from Etherscan, there are already 992,472 unique addresses hodl the meme coin. This shows that it is 8000 units away from 1 million unique addresses. If this height is achieved this year, it will take this meme coin to a new level.

Part of the reason prompting the daily Shiba Inu wallet creation can be attributed to the fact that Shiba Inu will be available to GiftChill, AMC Entertainment, and Vegas Auto Gallery investors for payment. There is also the possibility of having Shiba Inu listed in Robinhood as the petition has already received more than 700 signatures. The news and evidence of whales bagging this meme coin are not left out.

At this point, I think having Shiba Inu in our portfolio won't be a bad idea. Most times, we just need to take measures to avoid regrets. As small as a $50 investment in Shiba Inu will surely give much return. Also, it is very much affordable now compared to some other altcoins.

DISCLAIMER!!!
The opinion shared here is that of an individual, ensure to do your research before making a decision.