Lady luck has been consistently by Shiba Inu coin’s side for the past couple of weeks, but several experts believe that this upward streak will end soon with a bang. According to two experts, the Shiba Inu coin might see a major crash soon, even though it has done nothing except rising recently.
Peter Mallouk, the CEO of Creative Planning, says in a tweet that “Shiba Inu is going to zero.” He acknowledges that the coin will be seeing a massive increase at first, but it will eventually circle back “with a crash landing.”
On the other hand, Bedrock Capital founder Geoff Lewis even says that the Shiba Inu coin is comparable to the Pets.com website from the early 2000s. For the unfamiliar, Pets.com is a website that became insanely popular during its time, and it expanded its reach so much to new businesses, companies, etc. However, it eventually exploded and crashed—its value plummeting down to nothing.
Shiba Inu is going to zero.
It may go to the moon first, but it’s going to be a round trip with a crash landing.
— Peter Mallouk (@PeterMallouk) November 3, 2021
That being said, is investing in Shiba Inu still a good idea? KuCoin CEO Johnny Lyu states that the meme token is still a good long-term investment since so many young investors are causing a lot of movement. According to MarketWatch, Lyu said that since these young investors are so passionate about tokens like Shiba Inu, they’ll make sure to “push the prices higher.”
Nevertheless, the Financial Conduct Authority warns enthusiasts that cryptocurrencies similar to Dogecoin and Shiba Inu have risks involved in terms of investment since they’re such fast-moving markets.
So, these are important things to think about if you’re interested in investing your money in these new and entertaining meme tokens.
