Shiba Inu is a recognizable cryptocurrency in the crypto market. If you ask any crypto expert about it, they will probably end up telling you a lot. However, it is still often overshadowed by big names such as Dogecoin and others. Over the course of time, Shiba Inu has garnered a reputation of being very volatile. In other words, the prices of this cryptocurrency drop and rise quickly. These drops and hikes are also often of significant value. However, according to many reports, over 70% of Shiba Inu owners are profitable.
There is one saying in the crypto market – HOFDL. It means “hold on for dear life”. Those traders and crypto owners who exercise patience and hold during the steep drops in the value of a cryptocurrency often remain profitable. Yet, that’s a generalization and may not work in every case.
All about Shiba Inu Owners
17% of Shiba Inu owners have found themselves in loss. However, this could be due to late investments and a lack of research. Just like stocks, crypto trading requires some basic knowledge of the market. It also requires the traders and owners to be aware of what’s going on in the market.
For beginners, Shiba Inu is not often recommended by experts as it is a very volatile cryptocurrency. However, it’s the perfect cryptocurrency for those people who are willing to invest their time and energy in crypto trading to get big profits. All in all, if you are serious about crypto, then Shiba Inu is one cryptocurrency that you should definitely check out.