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What is the future of Shiba Inu?

  • Thread starter Thread starter Riberet19
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Riberet19

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We have recently seen Shiba Inu almost triple in price and it is leaving a lot of profits for its investors and hodlers, what is the new Shiba Inu news? What are the reasons for this price increase? What awaits Shiba Inu from now on? Let's update this thread with our thoughts on this Meme coin.
 
Meme coins, including Shiba inu survives throug community support. These coins gain value when they get support from community. I don't see a possibility of Shiba inu becoming 1 cent just many people but it will certainly continue to gain price.
 
Nomad said:
Meme coins, including Shiba inu survives throug community support. These coins gain value when they get support from community. I don't see a possibility of Shiba inu becoming 1 cent just many people but it will certainly continue to gain price.
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For Shiba Inu to rise to a penny it would have to have almost the market cap of gold, I don't think that is possible anymore by a mathematical term, most of the market money would have to enter that asset to achieve it.
 
In my opinion, memcoins exist only for financial fraud. Perhaps large projects create these tokens in order to withdraw funds from various companies without notice. Maybe the Shiba Inu is not such a project, but I don't understand why this product exists and why people buy it. Are they hoping that this memcoin will grow someday?
 
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