Why Shib coin could be a dangerous investment compared to other cryptocurrencies

Shiba Inu coin doesn’t have a long median investment time, a sign that the crypto token might have a potential problema meme-based cryptocurrency with a massive following online — might not always be a smart investment for people because, well, people don’t hold onto the coin for very long.

New data from the cryptocurrency exchange Coinbase suggests different cryptocurrencies have different median holding times, meaning that buyers hold onto their investments for different periods of time. Per The Motley Fool, here’s a breakdown of median hold times for different crypto tokens.

Litecoin: 97 days.

Bitcoin: 79 days.

Ethereum: 79 days.

Cardano: 68 days.

Dogecoin: 50 days.

XRP: 31 days.

a meme-based cryptocurrency with a massive following online — might not always be a smart investment for people because, well, people don’t hold onto the coin for very long.

New data from the cryptocurrency exchange Coinbase suggests different cryptocurrencies have different median holding times, meaning that buyers hold onto their investments for different periods of time. Per The Motley Fool, here’s a breakdown of median hold times for different crypto tokens.

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