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This market is currently creating more billionaires than any other market on the planet. Many individuals have made and lost a lot of money as a consequence of the market's recent and dramatic fluctuations.
Some cryptocurrencies, such as Dogecoin (DOGE) and Akita Inu (AKITA), have even produced a few billionaires owing to their quick growth in value. Investing early is the most effective technique for profiting from these up and down stories. FIREPIN Token (FRPN) has just launched its presale, and it looks that this cryptocurrency could be the next crypto billionaire-maker.
According to some recent statistics, 59% of Gen Z'ers feel that investing in cryptocurrencies is the best way to get rich, and almost half of millennials agree.
There is a regrettable tendency of the uninitiated to start gambling hundreds of their hard-earned funds on cryptocurrencies without knowing anything about their value, other than what they have heard word of mouth or following some well-known social media gurus blindly. To mitigate any disappointment, it's usually a good idea to do your own extensive study.
For example, someone who purchased merely USD 15 in Shiba Inu (SHIB) in August 2020, when the price was USD 0.00000000051 per coin, and then sold at the peak, would be a billionaire at this point in time. Timing the market in this manner is considerably difficult however.
Caution must be taken too, as the rapid gain in SHIB has been followed by a significant decrease in value. Since the end of October 2021, it has lost more than 70% of its price. Another dog-themed currency, Akita Inu (AKITA), has seen a similar spike and tumble in recent
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