Will There Ever Be Another Dogecoin or Shiba Inu?
Dogecoin (CRYPTO: DOGE) and Shiba Inu (CRYPTO: SHIB) live large in investors' imaginations thanks to their earlier parabolic run-ups that made some holders into millionaires. Of course, both meme coins probably lost other investors vast sums of money as well. But that doesn't deter the hopeful from wondering whether another coin, or perhaps even one of these two, might reach stratospheric heights once again under the right set of conditions.With that in mind, let's explore what those conditions actually are and evaluate whether another coin might one day fly to match or even surpass them -- even if it wouldn't be a good long-term investment, much like the other two.The environment that produced the major price spikes in both Dogecoin and Shiba Inu can be described as a speculative frenzy. That's a bit of a tautology though, as super-speculative and ultra-risky investments in valueless meme coins simply do not happen at large scale outside of such conditions. But what causes those extremely speculative periods that tend to pump up the riskiest of risk assets?Continue reading
Dogecoin (CRYPTO: DOGE) and Shiba Inu (CRYPTO: SHIB) live large in investors' imaginations thanks to their earlier parabolic run-ups that made some holders into millionaires. Of course, both meme coins probably lost other investors vast sums of money as well. But that doesn't deter the hopeful from wondering whether another coin, or perhaps even one of these two, might reach stratospheric heights once again under the right set of conditions.
With that in mind, let's explore what those conditions actually are and evaluate whether another coin might one day fly to match or even surpass them -- even if it wouldn't be a good long-term investment, much like the other two.
The environment that produced the major price spikes in both Dogecoin and Shiba Inu can be described as a speculative frenzy. That's a bit of a tautology though, as super-speculative and ultra-risky investments in valueless meme coins simply do not happen at large scale outside of such conditions. But what causes those extremely speculative periods that tend to pump up the riskiest of risk assets?