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I’d choose three cryptocurrency stocks over a Shiba Inu in a heartbeat.
Points to Remember
Over the last several years, a handful of prominent cryptocurrencies have dramatically outperformed the stock market.
Coin of the meme Shiba Inu is the most recent crypto fad, however it is unlikely to continue.
This trio of cryptocurrency-related stocks is a far better option than Shiba Inu.
No investment instrument has produced more spectacular returns than the stock market for more than a century. While stocks may not always beat bonds, gold, or real estate, no other asset comes close to matching stocks’ long-term average yearly returns.
However, cryptocurrencies have given the stock market a run for its money over the last decade. Shiba Inu is the most recent of a handful of digital currencies that have generated incredible gains in a short period of time (CRYPTO:SHIB). As of Oct. 8, Shiba Inu had risen more than 260 percent in seven days and had climbed into the top 20 cryptocurrencies by market size.
All bark, no bite, says the Shiba Inu.
Shiba Inu, as the name suggests, is a digital meme coin based on the Japanese dog breed of the same name. It’s also being marketed as a “Dogecoin (CRYPTO:DOGE) killer.” In 2013, Dogecoin…