Dogecoin and Shiba Inu have been facing tough times in the crypto market. The blame for their underwhelming performance, at least in part, rests on macroeconomic factors. The market has remained bearish in 2022, so Dogecoin and Shiba Inu have suffered too. But, there is more trouble in the world of Dogecoin and Shiba Inu than what can be attributed to regular market ups and downs. There is more to the story, and here is the whole of it.
Whales are Moving Out of Dogecoin (DOGE) and Shibu Inu (SHIB)
Crypto Investors are pulling out of Dogecoin (DOGE) and Shibu Inu (SHIB) and investing in newer, more practical crypto assets like TMS Network (TMSN). TMS Network (TMSN) allows users to trade cryptocurrencies, equities, Forex, and CFDs. That means fast transactions, low transaction fees, and superior security for traders. The crypto is clearly more valuable than Dogecoin and Shiba Inu, which appreciate in value only when the market goes up.
Whale investors are the trendsetters of the crypto market. If they are moving out, it is only a matter of time before the retail investor follows them.
Highly Risky Meme Cryptocurrencies
Dogecoin was created as a joke. Shiba Inu was developed along the lines of Dogecoin. These meme coins will not build any long-term value. After all, there is little utility to them. In contrast, TMS Network (TMSN), a multi-asset trading blockchain, offers specific utility to solve real-world problems crypto users face.
That is why a tweet, news piece, or statement from a celebrity like Elon Musk can pump or crash the value of Dogecoin and Shiba Inu.
Gainers Got Lucky
Unlike Bitcoin, Dogecoin comes with an unlimited supply. It is an inflationary cryptocurrency that is released in the market every year. Since market movements create value for Dogecoin investors initially, it will be difficult for new investors to see the same kind of returns on their capital.
Both Dogecoin and Shiba Inu are highly unpredictable. So, you cannot make strategic plans to invest in these coins. So, they are not ideal for a long-term investment.
Evolve to Invest in Better Crypto Assets
We are moving to a more mature market as the crypto market evolves. So, instead of waiting to get lucky, it is important to identify opportunities like the TMS Network (TMSN) and move out of falling coins like Dogecoin and Shiba Inu. It is critical to learn the reasons behind the rise and fall of the market, which coins are offering the best utility, and how you can create more value with staking and yielding opportunities.
Stop losing money because some crypto investor got lucky. Grow your wealth by investing in high-value cryptocurrencies like TMS Network (TMSN).
For more information on TMS Network (TMSN) please see the links below:
Presale: https://presale.tmsnetwork.io
Website: https://tmsnetwork.io
Telegram: https://t.me/tmsnetwork
Twitter: https://twitter.com/tmsnetworkio
Disclaimer: This is a paid release. The statements, views and opinions expressed in this column are solely those of the content provider and do not necessarily represent those of Bitcoinist. Bitcoinist does not guarantee the accuracy or timeliness of information available in such content. Do your research and invest at your own risk.
