Missed Out on Shiba Inu? 3 Top Cryptocurrencies to Buy Now and Hold Forever
In 2021, Shiba Inu (CRYPTO: SHIB) took the investing world by storm, creating astonishing wealth in a matter of months. In fact, despite falling 60% from its high, the meme token has still produced a return of 61,000,000% since November 2020. At that pace, $1.75 invested last year would be worth more than $1 million today.
Not surprisingly, Shiba Inu is still quite popular in the crypto community, and many investors are hoping for a repeat performance. Unfortunately, the chances of that happening are non-existent. The life-changing wealth created by this cryptocurrency can be chalked up to one quality: popularity. Brilliant branding and aggressive social media campaigns fueled its rise to prominence. Other than that, there is nothing special about Shiba Inu.
Even worse, the top 10 wallets currently hold 65% of all Shiba Inu. That concentration creates significant risk. Those whales will decide to sell at some point, and when that day rolls around, Shiba Inu's price will fall hard. To that end, there are dozens of cryptocurrencies I would prefer to buy. Bitcoin (CRYPTO: BTC), Ethereum (CRYPTO: ETH), and Litecoin (CRYPTO: LTC) are at the top of that list. Here's why.
Source Fool.com
