Shiba Inu, one of the OG meme coins, which when barked make many millionaires.
The dog-themed Shiba Inu has already captured the imagination of many investors with its platonic surges.
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To convert $100 into life changing $10,00,000 by just investing in Shiba Inu coins is a possible factor in this highly volatile market. However, with heavy volatility your investments would surely be at risk, but understanding the strategies involved with Shiba Inu could navigate our funds towards profit.
Multipronged approach with Shiba Inu
Witnessing heavy price fluctuations in the crypto coin market, it is not easy for anyone to guarantee huge price returns on coins like Shiba Inu. In the case of Shiba Inu, several strategies can potentially help you turn your $100 into $10,00,000. Mitigating the impact of price volatility, we can focus on the safest option available like Dollar Cost Averaging (DCA), ShibaSwap and Leash, and the obvious long term hodling.
Indeed, adopting the DCA strategy to make gains from Shiba Inu, the investors will have to pour a fixed amount of money into Shiba Inu at regular intervals. Doing so regardless of the price fluctuation, an investor can aim to average out the price of each coin over time. Simultaneously, such efforts will mitigate the impact of volatility on your investment.
Next safe strategy can be from platforms like ShibaSwap, a decentralized exchange that is built specially for the Shiba Inu ecosystem. On the platform, any user can provide liquidity or stake their holdings to earn LEASH for potential gains.
And the securest option to make huge returns from Shiba Inu is Hodling the coin for extended period. However, such approach requires good study on the future of Shiba Inu coin, so being sure on the potentials of the Shiba Inu coin and don’t succumb or panic sell your hodlings.
Diversification helps reduce risk
Meme coins like the Shiba Inu coin have the potential of making $100 into $1 million more quickly than any other coin. Hence, it is better to diversify our investments to different meme coins and make gains from the one’s price skyrockets.
Diversifying our investment in the meme coin market can also be a great idea. Bitgert, one of the best competitors of Shiba Inu, can also help make great price gains. Bitgert has huge potential, and unlike Shiba Inu, Bitgert has its own blockchain that offers faster transaction speed and lower gas fees. Along with Shiba Inu coin investment, Bitgert coin also has the potential to make $100 into $1 mn.
As per the reports from CoinMarketCap, over the past 24 hours BRISE coin has gained more than 7.3% and over the past 7 days it has gained approximately 31%, which in comparison to Shiba Inu is great. Only because of a short track record Bitgert is yet to surpass Shiba Inu, but seeing its long term potential and growing ecosystem, analysts expects it to surpass all other meme coins in the market.
“Crypto products and NFTs are unregulated and can be highly risky. There may be no regulatory recourse for any loss from such transactions.”
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