Shiba Inu Must Abandon the Status of "Meme Coin" to Gain Respect in the Market
The cryptocurrency Shiba Inu (SHIB) has gained massive popularity as a meme coin, but experts believe that to establish itself as a serious asset in the financial market, it needs to abandon this category. The change could attract new investors and strengthen its position as a project with real utility in the blockchain ecosystem.
5 Reasons for the Category Change
Increase in Market Credibility
The meme coin label often devalues a project, being associated with extreme volatility and baseless speculation. If Shiba Inu positions itself as a utility asset, it could be seen as a more serious and reliable investment.
Greater Interest from Institutional Investors
Large investors, such as investment funds and financial institutions, generally avoid cryptocurrencies categorized as memes. If SHIB restructures itself as a utility cryptocurrency, it could attract significant investments from these players.
Expansion of the Ecosystem and Real Use
Shiba Inu has already developed initiatives like Shibarium, its own blockchain, and partnerships in the decentralized finance (DeFi) sector. Repositioning as a utility platform would reinforce its evolution and show that it is not just a speculative coin.
Reduction of Exaggerated Volatility
Many meme coins suffer from extreme price fluctuations due to hype and a lack of solid fundamentals. If SHIB changes category, it could reduce this volatility by attracting long-term investors looking for solid and sustainable projects.
Greater Market Adoption
Companies and financial platforms may hesitate to integrate coins seen as jokes. With a new identity focused on utility and innovation, Shiba Inu could be more accepted as a means of payment and in smart contracts.
