Shiba Inu Analyst Warns Against Dumping SHIB Meme Coins Despite Discouraging Price Action, Predicts Major Pumps Ahead

Oscar Ramos, a crypto analyst, addressed the sentiment surrounding Shiba Inu (SHIB) on YouTube to over 88,000 subscribers.

Acknowledge Frustration and Reassure Holders

Ramos acknowledged the frustration among SHIB holders and emphasized that it's not the time to give up. SHIB's price has fluctuated between $0.000010 and $0.000022, which Ramos sees as progress.

Highlight Market Challenges

Ramos pointed out the challenges in the crypto market, including global events and regulatory pressures, which have impacted SHIB and major cryptocurrencies like Bitcoin. He urged holders to remain resilient.

Emphasize Patience and Opportunity

Ramos stressed the importance of patience during periods of Fear, Uncertainty, and Doubt (FUD), stating that millionaires can be made during such times. He encouraged SHIB holders to wait it out, as there's still potential for the cryptocurrency.

Acknowledge Performance Woes

Ramos acknowledged that SHIB has been one of the worst-performing investments in terms of ROI this year, surpassed by meme coins like SUI, FTX Token (FTT), and XRP. However, he expressed optimism that this is temporary.

Long-Term Outlook

Ramos advised patience for SHIB holders, noting that conferences and events could benefit the coin. He also highlighted that major whale investors continue to hold SHIB, which is a positive sign.

Caution for Newer Buyers

Ramos cautioned those who bought SHIB in 2022 that the journey has been tougher than for those who bought in 2020. He emphasized that SHIB requires patience and is not for the faint-hearted.

Potential for Surges

Ramos noted that while SHIB has faced challenges compared to competitors like Dogecoin and Pepe, the coin still has the potential for significant surges.