Can you get rich off Shiba coin?

By Gordan Smith On Oct 25, 2022

Shiba Inu or Shib coin standing centrally placed among bunch of crypto coins on blue background. Close-up, soft focus. Banner with golden Shiba token.

It would also be impossible for Shiba Inu to reach $10 because, away from the social media hype – the SHIB token – like most other cryptocurrencies has no intrinsic value. Experts have even cautioned traders and advised them not to invest in such altcoins and tokens.

Can you make money on Shiba Inu coins?

On the other hand, with cryptocurrency such as Shiba Inu, your investment is not backed by any asset or cash flow at all. The only way you make money is if someone comes along and is willing to pay you more for your coins.

Will Shiba coin ever be worth anything?

Is Shiba coin worth investing in?

It may seem valuable, considering its market cap, but its value is only entertainment-based. Keeping this in mind, it would not be wise to invest too much of your money in shib. The shiba inu crypto may help you make a quick buck, but it is not a reliable long-term investment.