KuCoin CEO Johnny Lyu shared his views on the Shiba Inu (SHIB) investment which is seen as a positive signal to those who are skeptical of the potential of this meme asset.
Lyu explained recently, SHIB is well worth it as a long-term investment even in the face of price correction.
He added that SHIB’s trading volume has surpassed Bitcoin (BTC) records, at least three times in a row based on crypto exchange records.
Not only that, SHIB also recorded an increase in trading volume for the entire spot exchange to surpass the record market value of Ethereum (ETH).
CryptoGlobe revealed SHIB as the third most popular crypto asset on Google’s search engine platform, with a search record of 2.8 million per month, surpassing Bitcoin by 22 million and Ethereum by 6.3 million.
When compared to the much more expensive BTC value, investors are more likely to make a profit through Dogecoin (DOGE) and SHIB as both of these assets are very cheap.
At the time of writing, BTC is trading at $ 64,710, DOGE and SHIB are trading at $ 0.262 and $ 0.000054, respectively.
Although SHIB declined in mid -October, Lyu assured that he was more interested in investing in SHIB, DOGE, and BTC:
"BTC as a protector of inflation, meme tokens represent the power of the community."
