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Remember the anticipation of Shiba Inu to go up to the moon, it may and may not be but what investors need to get prepared for is for if it would not!
When the market has been through a ripple effect created through Terra (LUNA) network’s collapse, investors all around got skeptic after witnessing the uncertainty of cryptocurrencies. Numerous experts believe that after the fall of Terra’s native cryptocurrency LUNA, next would be Shiba Inu token SHIB to go. The Finder’s Prediction Report about Shiba Inu price provides a mournful forecast for meme currency. In the report, about more than 30% of respondant predicted Shiba Inu to fall till zero soon whereas about 60% of them forecasted that the dog themed company would die by 2025.
But why is there pessimism about Shiba Inu all around! This is simply because the meme coin is facing tough times along with many other cryptocurrencies in the crypto space that are struggling to stay relevant in the industry. Shiba Inu has been performing poorly for more than six months while facing non-stop price plunging. And the worst part, there are almost zero chances for Shiba Inu to survive in the industry.
One among the reasons for constantly falling SHIB is because of its lacking utility or any real use case for Shiba Inu tokens. Since its launch the meme coin has no actual meaning to run or support any ecosystem. This is due to its reason for building that has no solid reason behind it. Shiba Inu was like just another meme coin that was generally created only to create marketing hype. Although the developer team of Shiba Inu has been trying to gather the problem and build products to cater them for the Shiba Inu.
To make sure of it, Shiba Inu is the only crypto asset investors are warning about. However it’s not that warnings are only given about Shiba Inu token, Dogecoin has also been among these speculations. Experts have warned investors often about Dogecoin that like Shiba Inu could also attain its value of zero any day. However at the time of writing, Dogecoin has its trading price around $0.08.
So in case if someone thinks about adding Shiba Inu in their investment portfolio, then it’s highly recommended that experts go through intense research. Throughout the research, it’s important to figure out solutions and every possible outcome that could pose risk upon inventors capital amount.
Andrew is a blockchain developer who developed his interest in cryptocurrencies while pursuing his post-graduation major in blockchain development. He is a keen observer of details and shares his passion for writing, along with coding. His backend knowledge about blockchain helps him give a unique perspective to his writing skills, and a reliable craft at explaining the concepts such as blockchain programming, languages and token minting. He also frequently shares technical details and performance indicators of ICOs and IDOs.
