SHIB, Meme Tokens Might Ultimately Lead New Buyers into Crypto Market, Says David Gokhshtein

Oct 19,2022
SHIB, Meme Tokens Might Ultimately Lead New Buyers into Crypto Market, Says David Gokhshtein

David Gokhshstein, founder of Gokhshtein Media, believes that memetic cryptocurrencies, such as Shiba Inu (SHIB), will eventually attract a new retail buyer to the market.

Cryptocurrency has experienced a serious decline this year. Since the rapid rise in 2021 reached the highest value, it has lost 200 million dollars. The history of cryptocurrency is often called "crypto winter" and "stock market bear market" by the investment community.

Because Bitcoin fell by nearly 71.51% from the record breaking "Crypto Winter" at this stage, a series of other loan currencies also fell sharply. At this stage, the valuation of the encryption market company is $936 billion, slightly higher than the level of nearly $830 billion achieved at the beginning of 2018 before the arrival of last winter.

Because the crypto sales market is still in trouble, a new buyer is needed. Gokhstein believes that because the company's valuation is cheap, the meme cryptocurrency may eventually lead to a new retail buyer entering the market. He cited such an objective fact, that is, crypto "nomies" or beginners, because the company's valuation is too high, usually fear the price of bitcoin and Ethereum, so they want to enter the "next" the first mock examination cryptocurrency.

Although Bitcoin and Ether have fallen sharply from their highest levels in history, their values are $19490 and $1318, respectively. Compared with key cryptocurrencies, meme cryptocurrencies are relatively cost-effective, and most of them cost less than 1p.

At the time of issuance, the transaction price of Shiba Inu was US $0.00001, which also brought a good opportunity for buyers to accumulate millions, billions and even trillions of dollars of huge assets.

It is reported that Gokhshtein recognized in his recent tweet that he would probably do his best on SHIB as soon as possible. The login password influencer also stressed that he still had bags of Dogecoin, waiting for the price to rise in a hyperbolic form. According to recent articles, Gokhshtein also likes XRP and Bitcoin.