Have any of you invested in Shiba Inu coin?

Cryptocurrency is considered, by many, a risky investment instrument. So, before investing, you need to understand every risk involve and be able to psychologically and financially withstand anything that comes from it.

In the cryptocurrency world, Shiba Inu is considered a shitcoin because it has no use cases — it has no defined and innovative goal. This means that investing in this cryptocurrency comes at a higher risk. And as much as I love investing, I’ve never considered Shiba Inu an excellent investment. So instead of saying: “Have any of you invested in Shiba Inu coin?” I prefer to say, “Have any of you traded Shiba Inu?”

To answer the question, I’ve traded and profited from the coin. I bought $100 worth of the coin in February 2021 and it grew to $500. However, I’m not currently hodling Shiba Inu. I sold the coin in March and waiting for the perfect opportunity to buy again.

Launched in 2020, the Shiba Inu coin is gaining popularity, thanks to the growing investor interest in Dogecoin.

If you have a high tolerance for risk, Shiba Inu could be worth your time.

The good thing is this cryptocurrency is lowly priced, allowing you to take risks.