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What is the ideal amount of Shiba Inu to purchase for a diversified portfolio?

avatarpurva PednekarDec 16, 2021 · 3 years ago1 answers

As a beginner in the world of cryptocurrency, I am interested in investing in Shiba Inu. However, I am unsure about the ideal amount of Shiba Inu to purchase for a diversified portfolio. Can you provide some guidance on how much Shiba Inu I should consider buying to achieve a diversified portfolio?

What is the ideal amount of Shiba Inu to purchase for a diversified portfolio?

1 answers

  • avatarDec 16, 2021 · 3 years ago
    As an expert in the cryptocurrency industry, I would suggest considering a moderate allocation of Shiba Inu in a diversified portfolio. While Shiba Inu has gained popularity, it is still a highly volatile asset. Allocating a small percentage, such as 2-5%, of your total portfolio to Shiba Inu can provide exposure to potential gains while managing risk. However, it is important to regularly monitor and rebalance your portfolio to maintain diversification and adjust your Shiba Inu allocation based on market conditions. Remember, investing in cryptocurrencies carries inherent risks, so it's crucial to do your own research and make informed decisions.