From the past few years, there has been a monumental increase in the amount of crypto coins available for people these days. When you compare the state of crypto today to how it used to be in the past, it will be easy to see how difficult it used to be for investors.
Regardless of that, those who took the chance to invest in bitcoin ended up gaining massive profits. Sure, not everybody in the crypto scene was able to gain profits by making bitcoin investments, but those who made investments during the crypto boom sure did.
Whatever the case, as long as an investor is patient and knows the right time to retrieve their profits, their crypto journey would be good. After bitcoin, plenty of other cryptocurrencies like etherum, litecoin and ripple came to the forefront. Of course, none of them were profitable right out of the bat.
In addition to that, it would not be fair to compare any of the recently released currencies to bitcoin. This is because bitcoin has been present in the crypto scene for a fair bit of time and has enjoyed a great deal of stability.
Despite all of that, the newer cryptocurrencies can be quite profitable as well. All it takes is some foresight and learning and investors can make the most out of the currency they invest in. One of the newer crypto coins that has graced the crypto scene is the meme based Shiba Inu coin.
This coin is fairly recent and garnered a great deal of buzz upon its release. As time passed by, however, the Shiba Inu coin lost its momentum and disappeared among several other relatively new coins. Now, however, this coin has been experiencing a revival as a large number of people have been seeing it on twitter and several other platforms.
That said, there is only one person who is behind the revival of this meme based crypto coin, and that is none other than Tesla’s Elon Musk. For those who don’t know, Elon has been quite active in the crypto scene and gained a fair bit of popularity because of his investments and comments about various forms of crypto.
In addition to that, he has also made plenty of predictions that turned out to be true in the crypto world, which is why people often look for what he has to say. Recently, Elon Musk made several tweets where he mentioned his support for the Shiba Inu coin.
Needless to say, this coin got a fair bit of momentum behind it and investors showed a lot of interest in getting this coin, making it very high in demand.
By Naresh777 – shutterstock.com