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The crashing crypto market, which has seen Bitcoin dropping to USD 33,000, has presented itself as an opportunity for what has been dubbed ‘the Internet’s favorite investing strategy’ - buying the dip. By purchasing an asset while its price is down, investors can maximize their ROI in the event of a rebound. So, the time to act is now - there’s no knowing when the market will pick back up again.
A great example of this tactic is Shiba Inu (SHIB). Created in August 2020 to mock the iconic memecoin, Dogecoin (DOGE), January 2021 likewise marked a grim time for the crypto market. According to Yahoo News, Bitcoin started 2021 in a “stagnant” and “shell-shocked state”, stumbling due to the devastating impacts of the pandemic. But the world’s first digital currency picked back up in the last week of January, and the crypto sector was alive and well again. Not long after, Shiba Inu (SHIB) surged in popularity.
Despite starting 2021 being virtually unheard of, CNBC TV18 reports that the Dogecoin dethroner exploded in popularity because of the launch of decentralized exchange, ShibaSwap, which enabled investors to gain higher profits by holding their investments for longer. Additionally, SHIB’s dedicated fanbase, named the Shiba Army, have caused spikes by relentlessly promoting the meme coin over Twitter. Therefore, within a year, had you invested USD 1000 on January 1st 2021, today you’d be a crypto millionaire with USD 440,519,480.52 in your wallet.
We already have the first ingredient for crypto wealth - a staggering market, which gives us the ability to buy while it’s low. Secondly, you need to identify what you’re going to
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