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How I am playing Shiba Inu and Dogecoin
Are you still mad at yourself for missing out on Dogecoin? Are you afraid of repeating the same mistake on Shiba Inu? Are you looking up online how to buy Dogelon coin or Baby Dogecoin or Spell Token? Have you been reading the articles about investors getting instant riches from small investments and being able to quit their boring and mundane jobs? If so, you are not alone. The hype machine around meme coins is pumping at full charge.
As crypto newcomers, speculators, and FOMO investors pile into these meme coins with hopes of getting rich quickly, I am taking a different approach on how I am positioning my portfolio to benefit from this funnel drawing new money into the crypto markets.
I have nothing against people taking a risk and throwing caution to the wind with a small investment in a meme coin. These coins have been pumped by insane amounts and you could make the argument that they serve an important purpose (I’d love to hear it if you have one) just like Bitcoin, Ethereum, or Chainlink (I own these). However, I am not jumping on the Shiba Inu bandwagon at this point.
I recently wrote a piece, Why I haven’t and won’t invest in Shiba Inu, where I detail why I’m not investing my capital into Shiba Inu. This article is focused on an alternative investment that is more conservative and, in my opinion, less dependent on…
