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Motley Fool

2 Overvalued Cryptocurrencies to Sell Right Now

Let’s explore the reasons why two meme coins, Shiba Inu (CRYPTO: SHIBA) and Floki Inu (CRYPTO: FLOKI), could pose unique risks for late investors. With a market cap of $29 billion, Shiba Inu has soared around 60,000,000% since its inception. Instead of introducing any groundbreaking innovation or use-case of blockchain technology, Shiba Inu’s rally started with a tweet from Tesla CEO Elon Musk, who recently adopted a Shiba Inu breed of puppy.