Compared to all the assets available in the 20th century, the stock market has always been the leading one regardless of all the long, tiring bear runs. But. in recent times, equity assets have been incredibly challenged by cryptocurrencies; and this has happened in a very small time frame. Cryptocurrencies are slowly taking over the world, and their potential is truly boundless. One of the most popular ones happens to be Shiba Inu, which is essentially a meme coin, but its growth is not funny.

In this guide, we’ll take a look at how a meme coin has managed to bag such high investments and given unimaginable results in a short span of time. What the coin resembles, how it grew, and most importantly, why you should sell it are questions that will be addressed in this guide. Let’s get started!

First of all, what is Shiba Inu, and how has it grown?

Shiba Inu is one of the most popular crypto coins, which was first established in a meme-friendly way, but soon after, when Elon Musk started talking about it, Shiba Inu’s visibility range expanded exponentially.

It made its debut on 1st August 2020, and ever since, it has been growing by the day. In a matter of just 15 months, SHIB tokens went up by 7,047,058%, and that is almost 7 million percent high. These numbers have shaken the crypto game like never before, and more and more investors are driven towards the Shiba Inu coin.

Now, all these numbers define success and growth in the clearest way. So, why should you consider selling it? Let’s discuss!

The potential setback of Shiba Inu:

Regardless of all the mind-blowing gains, Shiba Inu might just be the next target to lose its space in the crypto world. Even if extensively hyped tokens tend to have a stronger hold over the crypto market, there is still a long list of reasons behind investors dumping SHIB very soon.

Well, to begin with, generally, assets do not gain a whopping 7,000,000% in a matter of only 15 months. And even if they do, these gains cannot be sustained in the long run. Even if Bitcoin has managed to drive greater grains, know that it happened over the course of 11 years. And more importantly, it was the world’s biggest digital currency based on its market cap and has endured not 1, not 2, but 3 corrections of more than 80& in the last ten years.

This is a subtle indication that SHIB may be the next one to see a massive correction too.

But again, this is still not the biggest reason behind selling Shiba Inu. So what is?

Here’s the biggest reason to sell Shiba Inu right away

Although anticipated corrections are a threat, the biggest reason behind selling Shiba Inu is actually the lack of competitive advantage.

The purpose behind the cryptocurrency revolution has always been developing solutions to fasten payment procedures, minimize transaction fees, and democratization of payments for the ones who may not otherwise have direct and easy access to even simple banking solutions. Now, the concern about Shiba Inu is that it doesn’t show any extraordinary excellence in any of these to stand out from the competition.

As per the data on Coinmarketcap.com, there were over 13,000 cryptocurrencies. And even today, newer, better, and more financially backed blockchain products continue to launch every other week. With such a massive range of competition providing better service, Shiba Inu may not last for a long time. There is nothing particularly unique or distinguishable about Shiba Inu’s network, be it the fees or speed of the transactions.

With so many existing and new-coming blockchain projects with stronger fundamentals provider quick and cheap transactions, it is nothing quite plausible about SHIB to become a preferred payment option anytime soon.

Conclusion

All in all, Shibu Inu has truly gained massive growth over the past few months, which has caused so many investors to buy SHIB from reliable platforms like Wazirx, Coinbase, Binance, Birmart and so on. However, considering the efforts made by other competitive cryptocurrencies in the market, it is quite possible for SHIB to lose the very grounds it stands on.

So, make sure you are well informed about the financial, operational, and other functional aspects of any crypto coin because you go ahead and invest hefty amounts. A well-researched decision always pays well, and crypto investments are no exception.