For well over a century, stocks have been investors’ best bet to build life-changing wealth. Even though the stock market won’t outperform housing, gold, or bonds every year, it’s delivered the highest average annual return over the past century.
However, the dominance of stocks has been tested in a big way in recent years by the emergence of cryptocurrencies . Many of the most-popular digital tokens have lapped the benchmark S&P 500 many times over. Arguably leading that charge of late is meme coin Shiba Inu ( CRYPTO:SHIB ). Image source: Getty Images. Shiba Inu has soared, but it’s all bark and no bite
Since debuting on Aug. 1, 2020, Shiba Inu has seen its SHIB tokens rally by (drum roll) nearly 8,300,000%, based on a price of $0.00004231 per token, as of Oct. 25. This rally has pushed Shiba Inu to the No. 12 spot in market value among more than 13,000 cryptocurrencies.
There’s no one specific reason for SHIB’s jaw-dropping returns . It looks to be a combination of: Tweets from Elon Musk, who recently adopted a Shiba Inu-breed dog named Floki.
The launch of decentralized exchange ShibaSwap in July, which could encourage investors to hold their coins for a longer period of time.
The fear of missing out (FOMO) after watching SHIB rally more than 8,000,000% in under 15 months.
The launch of SHIB on a number of well-known crypto trading platforms.
While Shiba Inu has, thus far, been unstoppable, history (and a half-dozen figures ) would suggest its due for a massive correction and may not have staying power.
For example, SHIB has virtually no use off of a cryptocurrency exchange. Online business directory Cryptwerk notes that fewer than 100 merchants are willing to accept SHIB tokens as a form of payment. That’s embarrassingly low for the 12th-largest cryptocurrency in the world.
Equally disturbing, data from leading crypto exchange and ecosystem Coinbase shows that the typical holding time for Shiba Inu is a mere 16 days. Such a low figure suggests that day-traders and momentum chasers are in charge, which means there’s little true conviction in SHIB’s long-term prospects.
And, of course, there’s no overlooking that Shiba Inu offers no competitive advantages . There’s nothing particularly special about its processing time or transaction fees that’ll allow it to stand out in the payment’s space. Image source: Getty Images. These supercharged stocks can crush Shiba Inu by 2026
All of these deficiencies lead to one conclusion: SHIB’s longer-term prospects are poor.
Instead of putting your money to work in a hyped-up meme coin with no future, I’d suggest investing in the following four supercharged stocks, all of which can run circles around Shiba Inu over the next five years. Airbnb
One brand-name company with supercharged growth potential that can leave Shiba Inu eating its dust is stay-and-hosting platform Airbnb ( NASDAQ:ABNB ).
What makes Airbnb so special is its efforts to completely upend the traditional hotel and travel industries . Bookings for stays climbed more than 400% in the three years ending Dec. 31, 2019, and it now has more than 4 million homeowners offering their properties for stays on the platform. In general, Airbnb stays are cheaper, more convenient, and offer more privacy than traditional hotels.
Interestingly, the company’s fastest-growing segment is long-term stays , which are defined as rental periods of at least 28 days. As workforces become more mobile in the wake of the pandemic, these high-margin long-stay individuals could become Airbnb’s key growth driver.
In addition to challenging the hotel industry, the company’s Experiences segment aims to redefine what travelers do while away from home. By partnering with local experts and businesses, Airbnb can add on sales beyond just stay bookings.
It’s a true disruptor that shouldn’t have any issue outperforming Shiba Inu. Image source: Getty Images. Ping Identity Holdings
Another supercharged growth stock that has the potential to run circles around Shiba Inu over the next five years is Ping Identity ( NYSE:PING ).Ping Identity is a cybersecurity stock focused on identity verification solutions. The company’s cloud-based platform leans on artificial intelligence to grow smarter and more effective at identifying and responding to potential threats over time. It works hand-in-hand with on-premises security solutions to provide more thorough monitoring once users have gained access to sensitive data.The great thing about cybersecurity is that it’s evolved into a basic-need service. No matter how well or poorly the U.S. economy is performing, hackers and robots don’t take a day off. This means double-digit growth should be the expectation moving forward for Ping.What’s more, […]
source 4 Supercharged Stocks That Can Run Circles Around Shiba Inu Over the Next 5 Years
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