Shiba Inu is still kicking butt in the crypto field this morning. I’ve read a lot of questions regarding the reasons behind Shib’s sudden rise. I think people have to understand that Shib is more than just a coin. It is a token that powers a swap. You have to take note of the tokens that carry swaps like PancakeSwap, Sushiswap, or now MakiSwap. If all of this doesn’t make you giddy with happiness, Shib will be listed on WhiteBit tomorrow which will add another set of investors.
In my opinion, and I am not a financial advisor, but I like to look at the swaps. MakiSwap is a new swap that is now around $0.20. These swaps, including Shibaswap, tend to grow within a year or so. Take a look at your coins that power Uniswap, and the ones listed above, and you will see that there is a real chance for earning potential. They do not go to the height of Bitcoin or near that amount per coin, but they do raise more than a dollar per coin, generally speaking.
I honestly think we are witnessing the growth of Shib as a token, which powers a swap. They have the new NFT section, which will be part of their platform, which will generate more income. Not only will the NFT generate income, but it will also trigger automatic burns. Keep in mind burning is something that a lot of us have been requesting.
As I stated months ago, for Shib to take off, it would have to be on major platforms, and burns would need to be part of any process. The beauty of Shib is that it is still so inexpensive. At this point, you can get 1.3 million for around 30 bucks. Keep in mind this time last month investors could get double or triple that. So, the price is going up! Yet, most of us spend 30 bucks at McDonald’s on a good day.
As always, these are my opinions, and I am not a financial advisor. I’m just a mama on a mission, and I happen to love crypto.