Why Shiba Inu Will Never reach $1

zuzuexeNFT · 2023-08-13T20:24:13.000Z

In world of #cryptocurrency , where new stars appear and vanish, it's crucial to distinguish between genuine gems and dangerous pitfalls. #Shibainu , often labeled the "Doge Killer," has surged into prominence, but will it ever truly reach the $1 mark? With a younger, risk-hungry generation pouring vast amounts of their savings into it, are they banking on a solid future or a looming disaster? 👇Here's the best reason to stop listening to your crypto gurus👇 🚫 1. The Origins are Shady 🚫 Unlike other #crypto foundation, which have transparent origins and clear purposes, Shiba Inu's birth is shrouded in mystery. It started as a meme, an echo of itself a meme coin. While humor and irony can spark interest, they hardly provide solid foundations for long-term value. Building wealth on memes is akin to building castles on sand. 📊 2. The Market Cap Misunderstanding 📊 For Shiba Inu to reach $1, it would need a market capitalization that exceeds some of the largest, most established companies in the world. We're talking about surpassing giants like Apple and Amazon. Given the sheer amount of Shiba Inu coins in circulation, such a market cap would be astronomical and, frankly, unrealistic. 💸 3. Inherent Value? Think Again 💸 The most robust cryptocurrencies offer inherent value: #Ethereum and its smart contracts, #bitcoin as a store of value and pioneering decentralized currency. But what about Shiba Inu? Its ecosystem lacks depth, and its ShibaSwap platform is a mere echo of already existing platforms. 📉 4. Historical Precedence 📉 Pump and dump schemes are not new in the financial world. History has shown us that what shoots up rapidly without a solid basis often comes crashing down. While many have profited from Shiba Inu's dramatic ascents, the risk of a steep fall is ever-looming. In conclusion, while Shiba Inu has undoubtedly captured the attention and wallets of many, it's essential to approach it with caution. Hoping for it to reach $1 is like betting on a Chihuahua in a Greyhound race. In the volatile world of crypto, it's always best to back the assets with substance rather than those that merely bark the loudest. Disclaimer: This article represents an opinion and should not be considered financial advice. Always conduct your own research before making any investment. $SHIB $DOGE $BTC