Is shiba inu a good investment FOR 2022?

In this article, we dive into the pros and cons of Shiba Inu to analyze the perks and drawbacks of investing in it.

Start exploring

Pros of shiba inu coin

Currently, SHIB's trading price is very cost-effective, Experts believe that at such a price, investors could see a 100% profit from SHIB in the future.

SHIB is very cost-effective

ShibaSwap users can stake their cryptos to generate better returns, just like interests paid on a savings account.

ShibaSwap

Several investors wonder if they should choose Shiba Inu against its rival meme coin Dogecoin, which gave rise to the maddening popularity of this crypto.

SHIB is an ERC-20 token

Shiba Inu’s passionate community of investors has been pressing the popular trading app Robinhood to list the crypto to its shortlist of tradable cryptocurrencies.

Possible Robinhood trading

A few months ago, Shiba Inu saw a major boost in prices after Elon Musk tweeted pictures of his dog Floki. 

Musk Happens to be a Fan

CONS of shiba inu coin

Unlike Bitcoin and Ether, SHIB has virtually no use for investors outside of a cryptocurrency market.

Lack of Real-World Utility

For investors, looking to invest in the SHIB token for an adrenaline rush must also accept the fact that its potential to fall as hard as it skyrocketed is also part of the deal.

Extreme Volatility

The crypto is based on the Ethereum blockchain. This phenomenon has its perks but also has its cons.

Not an Independent Blockchain

Shiba Inu is definitely making waves in the crypto space, but the first that comes as another meme coin is Dogecoin.

Not a First-Mover Meme Coin

The problem with SHIB is that its record-breaking performance has made it tempting for anyone who whipped huge gains and lock in profits.

Greater Risk, Lower Potential for Rewards

Visit our website for the latest stories related to investment.

WWW.DOHFWBIHAR.ORG