Major Crypto Investor And Analyst Reveals Why Shiba Inu Is Destined To Make It



Shiba
Inu


has
grown
along
the
years
to
become
one
of
the
biggest
meme
coins
in
the
midst
of
many
tokens
battling
in
the
meme
coin
niche.
Despite
what
many
might
call
its
OG
status,
Shiba
Inu
is
still
subject
to
many
critics
who
are
of
the
notion
that
the
cryptocurrency
could
lose
most
of
its
value
in
the
coming
years.


On
the
other
hand,
a
crypto
investor
known
pseudonymously
as
Crypto
King
sees
the
vision
and
potential
in
SHIB
that
the
critics
are
missing.
In
response
to
a
recent
SHIB
criticism,
Crypto
King
took
to
social
media
platform
X
to
dispel
claims
of
Shiba
Inu’s

How To Get Free Crypto  


downfall


while
also
pointing
out
that
“OG
memes
like
$SHIB
are
destined
to
make
it.”


Major
Investor
Rejects
Claims
That
SHIB
Will
Lose
Value


Crypto
King’s
recent
post
on
social
media
platform
X
is
a
response
to
a
meme
coin
critic.
According
to
the
critic,
the
majority
of
meme
coins
will
lose
their
value
in
the
next
few
years,
and
only
two
or
three
of
them
will
be
left
among
the
top
50
cryptocurrencies.
Surprisingly,
the
critic
believes
that
Shiba
Inu,
which
is
currently
the
second
largest
meme
token
and
11th
in
market
cap
rankings,
will
lose
most
of
its
$13
billion
value. 

SHIB market cap currently at $6.8 billion. Chart: TradingView.com


In
response,

Crypto
King
said
those
of
this
school
of
thought
are
those
that
do
not
know
the
market
yet
themselves.
SHIB
now
finds
itself
listed
on
many
centralized
crypto
exchanges
all
over
the
world,
giving
many
retail
traders
adequate
exposure
to
the
token.
As
a
result,
the
investor
believes
SHIB
is
more
established
than
many
critics
can
think
of.
He
also
likened
SHIB’s
established
status
among
meme
coins
to
that
of
gold
in
comparison
to
a
newly
discovered
crystal
that’s
not
worth
a
lot.


Shiba
Inu
To
Keep
Growing


Shiba
Inu
is
home
to
a


vibrant
community


ecosystem.
Team
members
are
constantly
working
to
provide
real-world
utility
in
order
to
transition
from
its
meme
coin
status.
Over
time,
the
dev
team
has
built
real,
practical
use
cases
on
top
of
this
foundation.
ShibaSwap
and


Shibarium


are
a
few
examples
where
SHIB
provides
utility.


SHIB
is
currently
trading
at
$0.00002317
and
has
suffered
a
2.84%
and
6.19%
loss
in
the
past
24
hours
and
seven
days,
respectively.
According
to
IntoTheBlock’s
Global
In/Out
Of
The
Money
Metric,
SHIB
is
currently
sandwiched
between
a
12.7
trillion
SHIB
resistance
wall
and
a
37.4
trillion
SHIB
support
wall.
The
cryptocurrency
could
go
either
way
during
the
week,
but
a
crypto
analyst

Coinbase Banner  


notes


that
the
$0.000023
price
level
is
generally
a
demand
zone
for
SHIB.


Featured
image
from
Hundeo,
chart
from
TradingView

Go to Source
Author: Scott Matherson


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