Crypto Investors Shift Focus From Shiba Inu To NEIRO And FET

Crypto investors shift focus from Shiba Inu to NEIRO and FET (Photo; Doc. Crypto Reporter)

JAKARTA - An investor known for his success in his initial investment in Shiba Inu (SHIB) has now shifted his focus to two rising tokens, NEIRO and FET. This investor, who managed to make a profit of 145 million US Dollars (around Rp. 2.2 trillion) from SHIB transactions between February 2021 to June 2022, recently started selling his SHIB holdings to accumulate NEIRO and FET.

According to Cointurk, according to data from Spot On Chain, this experienced investor has transferred his assets from Shiba Inu to the NEIRO and FET tokens. After the value of the meme coin rose 17 times, the investor sold part of his Shiba coin and bought 2.86 billion NEIRO. In addition, investors also accumulated around 3.114 million FET coins, which showed an increase in value of about 20.7%.

This investment shift is driven by the latest performances of NEIRO and FET, which offer unique prospects. NEIRO managed to attract investor attention due to a significant increase in trading volume and rapid adoption on large crypto exchanges such as Binance and KuCoin. The integration of this coin into a well-known trading platform shortly after its launch pushed price up to 115%, making it even more visible in the market.

On the other hand, the FET attracts interest due to its artificial intelligence (AI)-focused technology base. The FET provides automated solutions and decentralized algorithms, which are considered to have great potential amid growing AI adoption in various industries.

Although investors have switched from SHIB, developments such as liquid staking in the Shibarium network are expected to be able to increase the value of SHIB. This feature allows users to risk their coins while maintaining liquidity, which has the potential to increase token prices.

The Shiba Inu community has also stepped up efforts to 'token burn', which aims to reduce SHIB's supply in the market. While the combustion volume is not yet large, this move could create scarcity that could drive prices up to 36%. The combination of supply reductions and increased features provides a positive outlook for future SHIB prices.

The price of the Shiba Inu was at 0.00001436 US Dollars (approximately Rp0.22), up about 8% in the past week. NEIRO experienced a price spike of up to 41% in the last 24 hours, while the FET recorded a 5% increase in the same period.