Almost every investor in the crypto trading scene is well aware that the Shiba Inu coin has been a massive part of the crypto world. Loads and loads of people have seen the variety of crypto options that have become available over the years.
Some of them are incredibly fantastic, while there are plenty of others that don’t offer as much as people would like. Needless to say, things have changed monumentally in the crypto trading space and it wouldn’t be a surprise to see more changes down the line.
Initially, bitcoin happened to be the only crypto trading option that people could choose. Sure, there was some hesitation when it came to investing in this crypto option. However, there were some people who had the courage to start crypto trading.
This is because they firmly believed that this venture would be quite rewarding and offer massive returns. Fortunately, these people turned out to be right and the profits they made in crypto proved to be incredibly profitable. That being said, people soon began to realize that the profits that bitcoin was offering initially started to go down.
As you would expect, this was quite worrying for a large number of people because they understood the gains they made during the bitcoin boom period. Their main concern was that there would be no crypto option left to trade with.
However, this changed very quickly as a variety of other crypto coins showed up. This was quite surprising for people as they were under the impression that bitcoin was the only crypto coin they could invest in.
However, once ethereum, litecoin, cardano and doge coin showed up, the interest in investing in crypto increased once again. With so many options to choose from, people were relieved that crypto trading was not going anywhere.
The most impressive thing about these newer crypto options showing up was that they had a lot of profitability in the beginning. In some cases, people noted that the returns were even higher than bitcoin. That being said, this did not last for long and people were once again worried about where crypto trading could be headed.
During this time, doge coin proved to be the saving grace. Unlike many other coins available these days, doge coin happens to be a meme-based coin and has been quite profitable over the years. After its first couple of years, the profitability of doge coin went down.
This made people think that this digital currency would not have anything to offer. However, that could not be any further from the truth. This is because dog coin’s profitability has gone up once again.