The popular crypto influencer, David Gokhshtein, has not in period silent about the matter of Shiba Inu and a few other meme coins as he recently noted in his tweet that 50% of the crypto investors he knows had made more money investing in Dogecoin (DOGE) and Shiba Inu (SHIB) than Bitcoin (BTC).
David Gokhshtein is known to have recently given himself to promoting Shiba Inu recently as he has said a lot of good things about Shiba Inu. The crypto influencer has once said in a regretful manner that had he known, he would have given it all to Shiba Inu.
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David Gokhshtein Supports Dogecoin (DOGE) And Shiba Inu (SHIB)
This time, David has come with another observation, saying; “Half the people I know made more gains on DOGE and SHIB than BTC,”
David Gokhshtein clarified that saying the above does not equal its enmity for the biggest crypto in the world but he noted that he will always diversify his position to other cryptos with the potential of bringing in more gains.
“I’ll keep collecting $BTC and $ETH — but my ass is going to continue to diversify my positions,” he said in the above tweet.
He further ascertained his statement by saying that diversifying one’s portfolio is key to making it big in crypto.
It is worth noting that all cryptocurrencies Gokhshtein mentioned have recorded tremendous growth from their all-time low (ATL). Bitcoin has seen its value spike from a paltry sum to an all-time high (ATH) of $69,044. However, not many people were lucky to grab BTC at lower prices.
In the case of Dogecoin and Shiba Inu, many investors have been turned overnight into millionaires.
Dogecoin launched as a joke in 2013. However, what started as a joke, caught the attention of Elon Musk, the world’s richest man, whose tweets pushed the token’s price to an ATH of $0.73 in May 2021.
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He further buttressed his point that in January 2021, DOGE was trading at less than $0.01 and this gave room to many to accumulate it massively before it spiked to $0.73
Shiba Inu’s History
The same is the case for Shiba Inu, it surfaced in August 2020, and was not valuable at the time. On November 28, 2020, SHIB plunged to an ATL of $0.000000000056366 following the massive economic meltdown caused by the coronavirus pandemic.
Shiba Inu was seen to be a popular period after the ETH CEO donated $1 billion worth of SHIB to an India COVID-19 relief fund in May 2021. Following this period, the token spiked to an ATH of $0.00008616.
The two coins are presently slumped off from their ATH but are much expected to hit beyond their ATH in the next bull run as analysed by some experts.
Shiba Inu is working ceaselessly to make the coin better as the team behind is building countless projects to shred the meme nature also Dogecoin is on the verge of becoming acceptable as crypto payment on Twitter as its proponent, Elon Musk takes over Twitter.