Yep. you’re exactly right. Figure between people not wanting to be left out (short-term) and getting distance from ERC-20 (long-term), putting $100 on the spin of the wheel seems worth it!
I agree with this.
Several reasons - and I could be wrong (happened once back in the early 80s...)
1. There is a very dedicated Shiba Inu community worldwide and it is growing
2. Shiba was added to the largest Indian and Australian crypto exchanges.
2.5 Robin Hood users are pushing to have access to Shiba.
3. The #1centdream is a rallying cry and a mission that attracts energy - and is self-perpetuating.
4. Anyone can buy Shiba, regardless of whether they are wealthy or not.
5. It is built as an ethereum token
6. It continues to be developed - what it is in the future will be better than today.
7. The downside risk can be easily managed.
Now, this isn’t financial advice. I have no idea what the future holds.
(I have two balls and neither is crystal.)
So I am just pointing out the obvious. Things continue to happen with Shiba that *may* influence the future price. On social media, news about the future possibilities is currency.
It also may eventually crash and burn, like so many coins will have to do eventually. So mind your risk.
And I’ll drop this in closing... from Watcher.guru on twitter:
===>Value of $1,000 invested 1 year ago:
#Shib: $756,865,000
#AxieInfinity: $472,615
#Terra: $160,000
#Polygon: $109,375
#Solana: $126,840
#Doge: $92,860
#Avalanche: $26,155
#BNB: $22,830
#Cardano: $21,300
#Polkadot: $11,190
#Ethereum: $10,235
#XRP: $4,920
#Bitcoin: $4,015