While the overall crypto market is experiencing a cooling, Michaël van de Poppe, a renowned crypto analyst, said that g meme coin hit a big break this week. Shiba Inu (SHIB) He has stated that he is not a fan.
The trader warned his 458,400 Twitter followers not to fall into the trap of potential FOMO (fear of missing out) on SHIB. The analyst also says he hopes SHIB will disappear and it is better to look for other opportunities instead. Van de Poppe continues:
“Well, SHIB corrected heavily by about 30-40% in a few hours. I hope you didn’t buy it last night after feeling FOMO about investing in that cryptocurrency. There are lots of other great opportunities around.”
Analyst comments on the SHIB rally; He concluded by expressing disappointment that SHIB is diverting attention from other crypto projects involving decentralized finance (DeFi), decentralized autonomous organizations (DAOs), and non-fungible tokens (NFTs).
“I’m not sorry I missed it. I have my own positions and earnings. But I’m starting to hate meme coins that draw attention to the good things built in the markets through DeFi, DAO and NFTs. It’s just heartbreaking.”
SHIB had an epic rally last week, and its current price more than tripled in a week to hit an all-time high of $0.000008616 today before correcting its current price at $0.000065.
Disclaimer: What is written here is not investment advice. Cryptocurrency investments are high-risk investments. Every investment decision is under the individual’s own responsibility. Finally, Koinfinans and the author of this content cannot be held responsible for personal investment decisions.