Shiba Inu Review from KuCoin CEO
Shiba Inu review from KuCoin CEO. Johnny Lyu, CEO of KuCoin, said that Shiba (SHIB) is worth holding.
The CEO of KuCoin exchange included people who gave positive reviews about Shiba Inu (
SHIB). Saying that holding the phenomenon cryptocurrency for a long time is a much more logical step despite the recent declines, Lyu said that the volume of Shiba Inu (SHIB) on the KuCoin exchange also exceeded the Bitcoin transaction volume for at least 3 days in a row. To be remembered, in October, SHIB's trading volume on spot exchanges briefly surpassed Ethereum, the second largest cryptocurrency by market capitalization.
Lyu also noted that as the exchange, they also list cryptocurrencies of interest to the small investor group, such as Shiba Inu and its rival, Dogecoin.
Lyu stated that investors generally see opportunities in altcoins when the price of Bitcoin increases and they prefer such phenomenal coins due to the low price:
"These people don't have a lot of money in their pockets. Therefore, they prefer much cheaper coins than Bitcoin. Some investors are even overly passionate about it. They are extremely determined to push prices up. I would hold both Bitcoin,
SHIB and DOGE. Despite the recent drops, I will continue to hold. Bitcoin provides a hedge against inflation. Other coins reflect the power of communities."