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Investing in SHIBA INU is creating millionaires at a very fast pace. This new coin has taken the market by storm due to its uniqueness and acceptability. Its growth in the last year has left those who took the risk earlier smiling to the bank.
However, those who dismissed the coin as a Ponzi scheme probably lost a lifetime opportunity to make it big.
Irrespective of your approach to cryptocurrency, it is evident the industry is getting more popular, bigger, and part of the global financial system.
SHIBA in particular has already taken a place among the top coins in the market despite its penny price. Only a year old, it is changing our perception about these meme altcoins and their role in the industry.
Future price growth of SHIBA
Most analysts would agree it is just a matter of time before the coin rises 10 times or 100 times. Cryptocurrencies are arguably the best investment assets in the market currently. Never in our history has investment become so rewarding and punishing at the same time.
High Price Volatility
One unique feature of SHIBA is the high price volatility. This can be attributed to the fact that this is a new industry that has little regulation. High volatility has its pros and cons.
For those with adequate market knowledge and experience, volatility offers a chance to make huge returns.
It is also punishing to those with little market understanding. We have just experienced a SHIBA price jump of almost 400% this month. This jump was very profitable to those who caught the move at the right moment and rode it to the peak.
Positive government regulations
Governments are beginning to enact favorable policies towards cryptocurrencies. Initially, there have been persistent fears that governments could prevent the use of these wonderful financial assets through regulation.
However, this positivity in regulation is pushing cryptocurrencies to go mainstream. As an example, the US government recently authorized the first Bitcoin ETF after 8 years of declines.
These acts bring confidence in the market by assuring investors of legal support of protection of their investments.
Legalizing Cryptocurrencies will allow more money to flow into the sector making their prices shoot due to increasing demand.
The Millionaire Story
Every investor has an aim to make as much from the market. SHIBA tokens are well-positioned and could be the coins to make you achieve this goal.
Achieving this though depends on several factors such as the number of coins that you have, the ability to hold your investments for a long time, and some bit of luck.