Is Shiba Inu Still Profitable in 2023?

[Suba]

If it has a lower transaction fee, the features would increase its acceptance.

Even though SHIB transaction fees are cheap, it will take a long time to revive and investors can take big profits, at least two years. So if you are an SHIB holder, you have to be patient in waiting.

 

[Golden9]

There are new meme coins this season, especially Pepe, and history has shown that the crypto circle prefers shiny new things

 

[Suba]

Although the hype of SHIB continues to increase such as the launch of Shibarium on the layer-2 blockchain network. and has reached ATH $0.0000884 in Oct 2021, but according to my prediction the revival of the Shiba Inu price will take a long time.

 

[riberet19]

Although the hype of SHIB continues to increase such as the launch of Shibarium on the layer-2 blockchain network. and has reached ATH $0.0000884 in Oct 2021, but according to my prediction the revival of the Shiba Inu price will take a long time.

I think that as in all cryptocurrencies, we will have to wait until a bullrun to see such a price takeoff, stay patient, everything arrives, as long as the project is worthwhile.

 

[Suba]

Shiba Inu is different from other cryptos, Shiba inu has done a lot of updating and burning of tokens to reduce the circulating supply, even according to the news I received SHIB will launch a cold wallet. I think all these efforts are done by the SHIB team to boost the popularity and price of SHIB,

 

[riberet19]

Shiba Inu is different from other cryptos, Shiba inu has done a lot of updating and burning of tokens to reduce the circulating supply, even according to the news I received SHIB will launch a cold wallet. I think all these efforts are done by the SHIB team to boost the popularity and price of SHIB,

Yes, it is one of the few meme cryptocurrencies that is worthwhile, along with Doge, floki and few more according to my opinion, it is one of the few that is worth keeping in the portfolio.

 

[nomad]

Shiba Inu is not just a random meme coin, it has an entire ecosystem. It is a good project and if you invest now, when the market is low, you might be able to earn substantial amount when market goes into bull run.

 

[Blessed19]

You can still try out Shiba inu because it is a wonderful token for retail investors

Well to me I do not see Shiba Inu as a profitable coin yet as I have over a thousand Shiba Inu which I bought about a year ago and it only went down in it's value on my wallet and has not risen ever since it went down which I do regret buying it at that moment after using about $6 to make the purchase as at that instead of investing in LTC back then.

 

[eldavis]

So far so good i do not think anyone has made any reasonable profit from shiba since this year 2023, and at the moment i am not seeing any signs of it going back up again.

 

[Suba]

Yes it seems SHIB is sleeping, even though there have been many improvements such as Shibarium, and cold wallet. of course the shib holders have to wait longer to wait for the shib to wake up from its sleep,