Several Fake Shiba Inu & Dogecoin Clones Already In The Market - ALERT!

Several Fake Shiba Inu & Dogecoin Clones Already In The Market - ALERT!

2021-11-02 | Mike Hallen

Several Fake Shiba Inu & Dogecoin Clones Already In The Market - ALERT!

Meme currencies have seen the most gains this year, and because they aren't prohibitively costly to invest in, normal investors are encouraged to do so. Edward Snowden, a whistleblower, has now published a warning remark on Twitter, recommending people to be cautious while investing in Shiba Inu. Before placing all their eggs in the same basket of "a clone of Dog money" that promises to make everyone wealthy, the ex-NSA analyst urged his followers to be wary. In a subsequent statement, Snowden emphasized his concerns about private investors "mortgaging the farm" to participate in digital currencies. "When individuals are emotionally tricked into mortgaging their farm on the basis of a meme's worth of comprehension, the problem arises. If you want to put some Happy Meals on lottery tickets, you'll have to knock yourself out. However, not for the rent ", he declared Despite the fact that Snowden never directly mentioned Shiba Inu (SHIB), SHIB fans were among the first to attack him, given his comments occurred at a time when Shiba Inu tokens were seeing a rise in popularity. At the start of the week, Shiba Inu had risen by more than 826 percent in value, reaching a market capitalization of $38.5 billion (roughly Rs. 2,89,154 crore). By Friday, the Dogecoin rival had surpassed DOGE as the ninth-largest cryptocurrency in terms of market capitalization. Those who criticized Snowden in the tweet's comments area sought to inform SHIB naysayers by directing them to the meme coin's ecology. Shiba Inu's own decentralized cryptocurrency exchange, ShibaSwap, as well as the impending deployment of a layer-2 protocol, are all part of this. Because of the coin's enormous value, some analysts believe the surge will be short-lived, citing the bigger fool concept. SHIB's market value, on the other hand, is so enormous that the meme currency is currently worth more than India's greatest corporations.

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