The Shiba Inu (SHIB) cryptocurrency is considered one of the digital currencies that gained wide popularity, especially due to community support and repeated comparisons to Dogecoin. However, regarding the potential future of Shiba, here are the key points:
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1. Strengths:
Very strong community: SHIB has a large and active community on social media.
Development projects: Such as the Shibarium project (private blockchain network), and attempts to build an ecosystem that includes NFTs, games, and DeFi applications.
Greater adoption: It has been listed on several major platforms like Binance and Coinbase.
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2. Challenges:
Huge supply: The number of SHIB coins exceeds quadrillions, which reduces the chances of a significant price increase unless a huge amount is burned.
It relies more on hype than on economic fundamentals.
Strong competition from technically stronger projects with known owners.
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3. Realistic expectations:
It is unlikely to reach $1 in the foreseeable future (due to the large supply).
It may benefit from bull market waves, but it remains highly volatile.
The continuation of the project and its technical improvements like Shibarium may slightly enhance its position.
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Is investing in it a good idea?
High risk, suitable for short-term speculation or as a small amount within a diversified portfolio.
It is not advisable to rely on it as a long-term investment without following project developments and blockchain technologies
