Category Archive : Shiba Inu

3 Unstoppable Stocks That Are Better Buys Than Shiba Inu

Get rich quick(ly). That’s what some investors hope to do. And cryptocurrencies offer an avenue to make it happen.

Take Shiba Inu (CRYPTO:SHIB), for example. The cryptocurrency has delivered a gain of more than 5,000,000% in less than 15 months. To say that’s a staggering return is a huge understatement.

However, many traders in other cryptocurrencies have learned the hard way that what goes up can come down. I suspect that buyers of Shiba Inu at current prices could learn the same lesson.

There are much less risky ways to make a lot of money for long-term investors. Here are three unstoppable stocks that are better buys than Shiba Inu.

Image source: Getty Images.

1. MercadoLibre

Real-world utility, or the lack thereof, is arguably the biggest knock against Shiba Inu. You can’t make the same case against MercadoLibre (NASDAQ:MELI). This Latin American company is loaded to the gills with real-world utility.

MercadoLibre is best known for its e-commerce platform. And for good reason. The company’s quarterly net revenue from e-commerce topped $1 billion for the first time ever in Q2, more than doubling year over year on a constant-currency basis. 

Yet MercadoLibre is only scratching the surface of its opportunity. Morgan Stanley expects e-commerce market penetration in Latin America to double by 2025. The market could expand more…

Read more at www.fool.com

Shiba Inu coin price: Meme cryptocurrency hits all-time high

Shiba coin — which appears to be inspired by dogecoin, itself a meme currency — is up more than 40% over the last seven days, according to CoinGecko. The website ranks the coin as the 11th biggest cryptocurrency.

The token has gained more than 45 million percent in the past year, the site indicated.

It later fell about 10% from its all-time high after Tesla CEO Elon Musk — who is a big fan of dogecoin — tweeted that he does not own any shiba coin. Musk’s tweets have frequently moved crypto markets.
Like another quirky digital currency Dogecoin — which is the ninth biggest crypto by market value — shiba coin features the Shiba Inu dog as its mascot. Its meteoric rise has made some investors millionaires overnight.

The coin has also won a handful of celebrity backers, from former boy band stars to pro athletes.

Earlier this year, Ethereum co-founder Vitalik Buterin made headlines by donating $1 billion worth of shiba coin to a Covid-19 relief fund in India.

A Change.org petition urging trading platform Robinhood to list shiba inu coin on site has garnered more than 300,000 signatures.
Other popular virtual currencies have also seen explosive growth. Bitcoin, the world’s most valuable cryptocurrency, hit an all-time high of nearly $67,000 per coin last week, topping the previous record set in April.
Bitcoin prices have surged 50% this month, from just under $44,000 at…

Read more at www.cnn.com

Elon Musk Responds To Benzinga Report: ‘Lots Of’ SpaceX And Tesla Workers Own Dogecoin — He Does Not Own Floki Nor Shiba Inu – Dogecoin – United States Dollar ($DOGE)

Tesla Inc. (NASDAQ:TSLA) CEO and Dogecoin (CRYPTO: DOGE) proponent Elon Musk said that “lots of” the people building cars at Tesla and rockets at his space company SpaceX own DOGE.

What Happened: Musk was responding to a tweet from Glauber Contessoto — the “dogecoin millionaire”  citing a recent Benzinga article about one-third of United States crypto holders owning Dogecoin. Musk replied that he became a doge supporter after finding that many of his employees owned the meme cryptocurrency.

Musk explicitly said that “lots of people I talked to on the production lines at Tesla or building rockets at SpaceX own Doge.” He highlighted that those people “aren’t financial experts or Silicon Valley technologists” and that he thinks that this favors the coin. He reasons that support by his employees for Dogecoin makes him feel like it is “the people’s crypto,” and that’s why he decided to support the digital currency.

Related Link: Elon Musk Responds To Dogecoin ‘Squid Game’ Meme, Backs Call For Nodes To Upgrade

In a separate Twitter thread, Musk also revealed that he does not own a single Shiba Inu (CRYPTO: SHIB) or the coin dedicated to his dog Floki (CRYPTO: FLOKI). Instead, he said that he only owns Bitcoin (CRYPTO: BTC), Ethereum(CRYPTO: ETH) and Dogecoin.

This exchange follows a recent exclusive 

Read more at www.benzinga.com

Shiba Inu Pumps! Kadena Surges to Fresh All-Time Highs; What Indicators Reveal on Bitcoin’s Bull Run

Bitcoin (BTC) declined to lows of $59,650 on Oct. 23 before a rebound took the price back above the $61,000 mark. The week had been a memorable one for Bitcoin as Wall Street opened its doors for the first Bitcoin (BTC) exchange-traded fund (ETF) on Oct. 19, with the listing of ProShares Bitcoin Strategy (BITO) on the New York Stock Exchange. The fund also pulled more than $1 billion in trading volume on its first day, while Bitcoin price notched a new record high at $66,999.

The second Bitcoin (BTC) futures-linked exchange-traded fund in the United States, Valkyrie’s Bitcoin Strategy ETF began trading on the Nasdaq on Friday. As of press time, Bitcoin was marginally up at $61,302 while Ethereum traded up by 4.03% at $4107. Selected Altcoin tokens, Shiba Inu (SHIB, +20.01%), Nexo (NEXO, +15.15%), Kadena (KDA, +26.18%), HedgeTrade (HEDG, +20.98%), Proton (XPR, +13.64%), Wilder World (WILD, +12.76%) were significantly up as the Altcoin market followed ETH’s move closely by posting a rebound.

Kadena (KDA)’s technology aims to solve the challenges with current blockchains such as speed, scalability, and security while enabling efficient transactions and sharing of data in a decentralized manner. Kadena has ticked higher since the start of October finally marking all-time highs of $4.93 on Oct. 23.

SHIB Explodes!

Shiba Inu saw an explosive rise…

Read more at kryptomoney.com

Shiba Inu Coin – Daily Tech Analysis – October 23rd, 2021

Shiba Inu Coin

Shiba Inu Coin rose by 1.60% on Friday. Partially reversing a 5.95% slide from Thursday, Shiba Inu Coin ended the day at $0.00002793.

A bearish start to the day saw Shiba Inu Coin fall to an early morning intraday low $0.00002703 before making a move.

Steering clear of the first major support level at $0.0000266, Shiba Inu Coin rallied to a late morning intraday high $0.00002850.

While falling short of the first major resistance level at $0.0000288, Shiba Inu Coin broke through the 23.6% FIB of $0.00002831.

An afternoon pullback saw Shiba Inu Coin fall back through the 23.6% FIB of $0.00002831 to sub-$0.0000725 levels before finding support.

A late move back through to $0.0000279 levels delivered the upside on the day.

At the time of writing, Shiba Inu Coin was down by 0.07% to $0.00002791. A mixed start to the day saw Shiba Inu Coin rise to an early morning high $0.00002794 before falling to a low $0.0002778.

Shiba Inu Coin left the major support and resistance levels untested early on.

For the day ahead

Shiba Inu Coin would need to avoid a fall back through the $0.0000278 pivot to bring the 23.6% FIB of $0.0000283 and the first major resistance level at $0.0000286 into play.

Support from the broader market would be needed, however, for Shiba Inu Coin to break out from the 23.6% FIB.

Barring an extended crypto rally, the first major resistance level and…

Read more at www.fxempire.com

Six things to know about the Shiba Inu coin cryptocurrency