Should You Sell Your Shiba Inu Coins at a Loss, Or Wait For Profit?
Shiba Inu (SHIB) was once the poster child for the crypto market during the 2021 bull run. The asset’s price surged by several million percent within months of its debut in August 2020. SHIB’s price has fallen by more than 85% from its all-time high of $0.00008616. While many made millions during the initial surge, others who bought at the top are still sitting on losses. Let’s discuss if you should sell your Shiba Inu (SHIB) coins for a loss, or wait for profits to hit. Should You Sell Your Shiba Inu Holdings At A Loss? Source: Token Metrics One of the most significant catalysts for Shiba Inu’s (SHIB) incredible rally in 2021 was Vitalik Buterin’s massive token burn. Buterin received 500 trillion tokens, which was half of SHIB’s entire supply, upon launch. Buterin decided to burn 90% of the tokens he received and donate the rest to charity. Buterin’s actions led to SHIB’s price skyrocketing. Early investors with minimal investments made m...