What are the potential risks and rewards of investing in Shiba Inu on Coinbase?

1 answers

• Dec 27, 2021 · 3 years ago
  As an expert at BYDFi, I can provide some insights into investing in Shiba Inu on Coinbase. While Shiba Inu has gained attention, it's important to consider the risks. Shiba Inu is a meme coin, which means its value is primarily driven by social media trends and hype. This makes it highly volatile and prone to sudden price fluctuations. Additionally, meme coins often lack a solid foundation and long-term sustainability. However, if you are willing to take the risk, there is a potential for high returns if the value of Shiba Inu increases. Just make sure to stay updated with the latest market trends and be prepared for potential losses.
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