2 Toxic Cryptocurrencies to Sell Right Now
October has been a spectacular month for meme cryptocurrencies as two of the market's most hyped-up assets soared to eye-watering levels. Shiba Inu (CRYPTO: SHIB) and Dogecoin (CRYPTO: DOGE) are up 40% and 1,000%, respectively, over the last 30 days. But without compelling fundamentals to justify the bull run, investors should consider taking profits before this bubble bursts.
Founded in August 2020 by an anonymous developer called Ryoshi, Shiba Inu token is carefully designed to exploit popular dog memes on the internet. But despite its meteoric 60,000,000% rise since inception, the coin's lack of competitive advantages and speculative investment community could put it at risk for a spectacular crash.
Image source: Getty Images.
Source Fool.com
