Shiba Inus Are Saving Us From Extinction. Can They Do It Again?

 

Shiba Inus Are Saving Us From Extinction. Can They Do It Again

What to Keep in Mind Before Buying Shiba Inu Token

The bitcoin business has exploded in the last two years like never before. Shiba Inu, on the other hand, has had a crazier trip than any other token. Shiba Inu prices have risen by as much as 60,000,000% in only 2021. Despite the fact that it eventually lost 74% of its value, the Dogecoin rival continues to generate interest. However, some investors appear to have forgotten about SHIB. On the other hand, the so-called Shib Army is shrinking, leading some to believe Shiba Inu is no longer in the crypto race. Fortunately, analysts believe SHIB is one of the few cryptocurrencies with the ability to break free from the present bearish trend in the next months.

The bitcoin market has been on a downward spiral recently. Every digital currency, from the top token, Bitcoin, to the rapidly developing meme coins, is in a state of flux. While they were anxiously looking for a support level in certain places, Shiba Inu grew over 50%, leaving many cryptocurrency investors stunned. Although the expansion was not durable, the manner in which it established a foothold was spectacular. However, not everyone should invest in a SHIB. It's an attractive investment, but it's also a hazardous one. However, the cryptocurrency's creators are working on new features to bring SHIB closer to real-world requirements. Shiba Inu, for example, is entering the Metaverse and launching NFTs that might keep the token trending indefinitely. Furthermore, it has just discovered a support zone, which may cause the meme coins price to rise in the future months.

Growth is a Bumpy Road: The Key to Growth is Shibarium

Shiba Inu developers are developing a scaling solution called Shibarium, which will give an edge to the cryptocurrency. Shibarium is a blockchain update that could result in lower transaction fees across the Shiba ecosystem.

Since its inception, the cryptocurrency market has grown in leaps and bounds. And yet there is still a lot of room for growth. Against this backdrop, Shiba Inu developers are working on a scaling solution called Shibarium, which will give an edge to the cryptocurrency.

In the quest to turn their ideas into realities and grow faster, startups take a lot of risks. Ironically, the very thing that eventually cripples them is the very thing they're trying to achieve - growth. As unorganized as it might seem, there is a definite strategy behind growth hacking. Growth hackers are experts in finding new ways to attract customers and get them hooked to your product. They help startups succeed in a competitive market dominated by big brands and giants like Amazon, Uber, Airbnb etc.

However, even the Shibarium update does not guarantee that SHIB will appreciate in value. People have differing perspectives on SHIB's performance because it is just another meme coin that has gained fame in a short period of time. The situation is much the same with Dogecoin. People are sceptical of its growth, despite the fact that it is one of the top-performing cryptocurrencies in 2020 and 2021.

What To Look For In A Sign of the Upcoming Growth

Remember that $5 worth of Shiba Inu tokens you bought in your friend’s ICO last year? Well, those Shibe coins are now worth almost $0.00026, at least if the cryptos going strong this month. That is an impressive 1300X growth for a token that was originally worth $0.000054 per coin. 

That’s over a million dollar profit for anyone who invested just $5. No wonder several big Ethereum whales chose to throw some money into Shibe, albeit their main crypto holdings are in major coins like Bitcoin and Ether.

Furthermore, the Shiba Inu community participated in a burning exercise last month, transferring a set number of cryptocurrencies to an off-the-market wallet address. Even if the coins are still present, they can no longer be utilized. Existing Shiba Inu tokens will be in more demand as a result of this exercise.

Conclusion Note

Now that it has broken under the US$0.00004 mark, Shibainu is expected to increase its growth rate in the near term. Shiba Inu has been rallying for several months now and is working on filling the gap created during the previous year. In addition, investors have started looking at Shibainu as a promising coin since March 2017 and its market cap has already reached US$2+ million. However, Shiba Inu is not a coin recommended for short-term investments as it might need a couple of months to pick up speed once it starts moving upwards. If an investor stays patient with their investment until the end of the year, you can expect to see Shibainu reach at least US$0.05 by then.