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HomeCrypto NewsMarket"Not All Coins Can Become Shiba Inu" – Gokhshtein

“Not All Coins Can Become Shiba Inu” – Gokhshtein

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David Gokhshtein recently noted that not all upcoming assets could become Shiba Inu in growth.


Former US Congressional candidate and advocate for Shiba Inu, David Gokhshtein, recently mentioned that not every upcoming asset can be like SHIB in terms of exponential growth. Gokhshtein made these remarks while speaking on the investment failures he has encountered in his attempt to find another asset that would bring as many returns as SHIB.

“Not everyone is going to become SHIB. I attempted to find the next one and landed in a pile of sh.t. Not chase another one. Landed in another pile of sh.t,” Gokhshtein remarked in a tweet  Sunday, as he addressed his 707K+ followers on Shiba Inu’s progress so far.

 

David’s recent comments followed a reiteration of the meme coin’s exponential upsurge following its launch. It would have made anyone who invested as much as half a thousand dollars a millionaire in a few days.

“If you would have put in 500 into SHIB when it first came out — you would have been sitting on millions,” Gokhshtein said in a previous tweet. He noted that picking the right investment boils down to doing proper research and finding the “pulse” of the community, as he has incurred losses attempting to find the same opportunity in other upcoming assets.

Despite elongated underperformance triggered by the prevalent bear market, SHIB is currently 5,997,141% above its price at launch in August 2020. The asset reached an ATH of $0.000079 a year following its launch – in October of 2021 – before sinking to its current value. Notwithstanding, early investors are still in massive profit.

Shiba Inu has benefited from an active development team and a robust and spirited community. The asset saw a surge shortly after its launch, bringing millions to anyone who had invested as little as $100.

Undoubtedly, SHIB’s massive growth has prompted investors such as Gokhshtein to seek out the next big thing. Gokhshtein’s comments come from a disappointing heart in this quest. He once openly requested recommendations on a meme token with tokenomics as attractive as SHIB’s, asking his followers to give him “the next SHIB.”

Amid a series of recommendations, the recently-launched meme coin The Protocol (THE) stood out. However, The Crypto Basic previously reported the media personality’s reluctance to invest in THE, as he revealed that he plans to stick with SHIB.

The 40-year-old founder of Gokhshtein Media remains one of the most active SHIB advocates within the crypto community. In October, Gokhshtein expressed his regret for not investing all his meme coin-focused funds in SHIB as he sought to remind the community of the asset’s incredible growth.

Over the past months, Gokhshtein has remained vocal in his SHIB advocacy as he sets himself on a path to promote the asset alongside Dogecoin (DOGE). Early this month, Gokhshtein declared himself a SHIB and DOGE maximalist. Subsequently, as reported last Friday, he further reiterated his claim of being the self-appointed unofficial leader of Shiba Inu.

Meanwhile, SHIB has been burnt by the recently-introduced heat and the rest of the market. The asset has seen a decline of 5.37% in the past 24 hours, but its abysmal situation is not unique, as both BTC and ETH have plummeted by 3.14% and 7.21% within the same timeframe. SHIB currently trades at $0.0000086 as of press time.

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Albert Brown
Albert Brownhttps://thecryptobasic.com/
Albert Brown is a cryptocurrency investor and journalist who has been in the nascent space since 2017. His love and passion for technological innovations made him delve deeper into the world of blockchain and cryptocurrencies. As a journalist, Brown has written on several crypto-related topics that have been referenced by popular industry players like Tyler Winklevoss, Binance CZ, etc.

Disclaimer: The content is for informational purposes only, may include the author's personal opinion, and does not necessarily reflect the opinion of TheCryptoBasic. All Financial investments, including crypto, carry significant risk, so always do your complete research before investing. Never invest money you cannot afford to lose; the author or the publication does not hold any responsibility for your financial loss or gains.

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