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Don't FOMO into shib - you will regret it

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by COINS NEWS 227 Views

So we all see the crazy run from shib lately, but let me tell you - even if you like memecoins (I do, like totally) it is the worst moment to FOMO into it.

We are already seeing a start of crash from ath, which probably will get deeper (possibly with another spike before the crash) - you DON'T want to be on receiving end for this dump.

Shib was around 5b market cap before this crazy run, now it is around 11b and dipping. For reference, doge cap is 32b. So yes, there is some potential, if shib flips doge, but it is even more possible we might get a big ol' dump on the heads, even close to 70-80% (pre pump price).

If you still feel like FOMOing, go watch shib price chart, it has spiked 2 times so far, which resulted in hard hard dump moment after. Since may, up to today, shib was only going down except those 2 moments. What more, if you bought at ath in may, you are still at a loss today, shib didnt even match last ath after all those gains.

If that isn't enough, think for a moment - some whale bought like 6 trillion shib, moment before this big pump. Now he made like +300% on this crazy amount. Why wouldn't he dump? He got crazy returns, and shib has high risk of crashing now, losing him those profits. So we will probably soon see 6 trillion whale dumping back, which will invalidate RH news gossip which created this craze in the first place.

Also, ask yourself - if it starts crashing hard, would you be happy to hodl it long term and pretty much getting stuck with it? Yeah, that's what I thought:p

So hopefully this posts help you with FOMO - this is literally worst moment to get into shib, for every reason possible. Don't get burnt friends and stay safe!

Tl;dr Shib spiked like crazy, and if you buy now, you are at prime risk of it crashing. Also whale who created this hype had made a killing, and will probably dump on you in next days.

submitted by /u/OmegaDDoge
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