Trying my luck on Shiba Inu - A new Meme coin and soon a DeFi coin

in LeoFinancelast month

Shiba Inu is a meme coin that was going upwards today when all other coins were going downwards. The reason could also be because of the new listing it had on Binance and other exchanges. I knew nothing about this coin and I didn't even give it some time to go and check what this coin is all about. Something inside me told me that I should be investing a little on this coin. I didn't care if it was priced low or priced high but I just immediately went to Binance and purchased 10$ worth of this coin.

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The above image is from Coingecko and I noticed that they have also listed on Coinmarketcap as well. Apart from this, the coin is also available in several other exchanges. I know nothing about this coin but looking at the rate at which they are doing marketing, this can be worth something later. While digging a little, I read somewhere that this coin is going to be a competition for Doge but with some use case. Today Doge is one of the hottest topics for discussion in the crypto world. Maybe this coin can be a good topic for discussion after 4 or 5 years. Who knows? Anything can happen in the crypto world.

It was a pretty decent deal because, for 10$, I got a shit load of coins. Most of these early launch tokens give us the opportunity to purchase lots of tokens for a very small value. Some tokens end up very successful and other tokens have the same value forever. I still remember seeing the price of BNB at a few cents. I used to think that I should be purchasing a little for the long term, but missed the train. But it is still not too late to invest in coins that can have a great future in another 5 years down the line.

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When I checked their website, I noticed that they are also working on some DeFi stuff similar to CUBDefi. We have already had such similar Defi smart contracts backed up by a coin already. I don't know which one would end up successful in the end. Maybe Pancake is still very strong and attracting many new investors into the DeFi world. All these new swaps are creating a big FOMO among the investors but I'm not sure how this could end up in the long run.

Most likely all these DeFi platforms that give some unique features to the users are the ones that would last for a longer duration. Otherwise, it will attract investors initially but later it will either be non-beneficial for the new investors or people will have to hold their tokens for a longer period of time to get their returns back.



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I also bought some SHIBs worth $10 and got like half a million SHIB. :)

Of course I am not expecting anything from this one but I'd rather buy this rather than DOGE purely because I prefer cats than dogs. Lol

Also it's really nice to buy a coin when you get millions of it for just like $10.


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I think SHIB is also a dog coin if I'm not wrong. But by the way whatever it is, I'll be happy of it pumps and gives us some profit.

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Ok I FOMO’d in with full belief that I’ll be recked. But who knows, get on the MEME train

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I see this as a coin with some potential after a few years. I'm not sure if it would mean something in the short term. It also depends on the enthusiasm of the team behind this.

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There is a lot of DeFi developing. It is actually great to see.

Ironic how people call projects shitcoins when they nothing about them. A year later, after development, they are mooning.

When will people learn?

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I think people call it a shitcoin based on the fact that they are able to get it very cheap. The real value of a coin is based on the team behind that and not based on the value in my opinion.

Of course, media hypes are also important like how Elon pumps Doge. :)

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Every day new korean dog coins with trillions of coins available. Most will get tricked. Take care!

Yeah agreed. That is why I did invest much. I invested only the amount that I afford to lose. But this one kind of attracted me because of its efforts to get so many exchange listings. Let's see how it goes.

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I also grabbed 320000 for 10$. And put a sell order for half of it at 2x price to extract my invest back if it pushes high. Rest is just going to be sitting in wallet.

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That's nice. Booking a profit and getting the investment back is very good. But I don't care much because it is only 10$. I don't want to sell and get my investment back.

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Me too, but mostly my investments are so small that 10$ is a decent amount. Ao i don't want it to just be sitting in shit coins.

You are absolutely correct, anything can happen in Crypto world, Anything can turn into gold.
We have a lot such examples, Starting from BTC with latest example as Doge.
Best of luck with your investments.
!luv 1
!engage 10


Posted via proofofbrain.io

Thank you so much. Hopefully it should be something worth in another few years. !BEER


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Good luck with the investment and it sure is interesting that they decided to start Defi even before the hype. I guess they might have more of a future than I thought but I plan on staying away from coins I didn't do research in.

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Yeah, thanks for the wishes. Yeah many people are going for DeFi but I guess it all depends on how they do marketing to their coin. Even I didn't do any research. I just got it because the investment value is anyway very less.

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I picked up a couple milli

Awesome. :)

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Good luck. If it will replicate DOGE then it's a good choice.

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I don't think it will replace doge but at least it can give tough competition. Let's see. 😃

Another new cryptocurrency is coming soon. Is it reliable for future invest 🤔

You have to do your own research. :)

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Thanks @kevinnag58 for promoting the post.

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Interedting, this is a Chinese coin, who introduced it to compete against dogecoin...so a kind of another virus being spread on crypto market

Memecoins for life.

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Yes Memecoin for the future. 😃

It's pretty hilarious. I try and be smart with "better" coins, but my cousin 30x his money with memecoins.

Yeah happens with my friend too. He just randomly invests on some shit coins and make 10 or 20X short term.

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