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Hi guys, I wanted to open up a thread about Shiba Inu token I seek you best opinions here. Is there a future for this? Or it will just remain to the current value it has right now?
Suggestions is open for everybody, and if you have more to add regarding the current market situation that Shiba inu was undergoing through. I do hope your brilliant minds will help me decide for this asset to be added to my bucket list of holdings, despite altcoins was so challenging to hodle for long term investment.

No, it's just a meme token that doesn't have any use the reason why it skyrocketed is because of rapid growth in their community who are interested in Meme tokens but like I said it does not have any use so if people do not have any more interest in Meme like Shib it would just die gradually unless developers develop something that can make this token as primarily used.

Just view it like any other meme and that they’re mostly exiting the market and won’t be good for long term investment. It is a one chance investment, which means it can or cannot go your way depending on what the developers wants for the project on the long term. I don’t really see a lot of potentials in many of these meme coins that already made big names on the internet, i feel their aims are already achieved and won’t mind exiting the market if theirs no inflow into their project again or they can’t withstand the market volatile nature anymore. So trade them at your risk.

You can have fun trading even if it never goes way up again: Shiba Inu (aka "Shib") is not a normal die and go away token. This one had such a big group buying it, there is no need to forget about it completely. Good traders don't need "The Moon", they need to close out winning trades.

Shiba Inu has been a good tokens that is fixing extremely well in the market just like the senior brother Doge coin.
We can always trade it if we want but it is always advisable for us to know what we are doing so that we don't trade contrary to the trend which could make us lose more in the market. Win e the price of all cryptocurrency are down now, we should be prepared for the bull so that we can earn from the long bull that isnyet to come.

It can go down more if the hype surrounding it is somewhat decaying. It''s more likely to go down if the other narratives within the cryptocurrency world focus on other coins. I don't think Shiba Inu is one of them.

Maybe you could change what token you would invest in or you will stick to it?

Meme token value only derives from the market hype and not from real utility that will give benefits to token holders. Don’t expect something big in the future on project that promised wealth or profit when you just keep buying.

Be realistic, is a meme token looks like a project that will give a groundbreaking update in the future aside from the pump and dump scheme due to some traders that using this token as ponzi tools to take advantage to those traders that doesn’t any idea what they are buying.

It’s better to put your Bitcoin blockchain project rather than meme coin that is absolutely garbage.

"we should be prepared for the bull" market
True. People need to remember Shib/USD$ (Alt/USD$) is easy to make profits in a crypto Bull market. Alt/BTC can be much harder to win when BTC is flying high.
 

Though, I'm not a memecoin fan but Shiba Inu has some prospects, It's continuously being developed by the dev and it's community. It has launched shibarium¹, a Layer2 scaling solution, still in beta phase undergoing rigorous testing. SHIB is the gas for it's native DEX, shibswap², launched 2 years ago. There's also plan to have a stablecoin with the ticker SHI to be pegged at $0.01.

1. https://www.coingecko.com/learn/shibarium-shiba-inu-ecosystem

2. https://www.coingecko.com/learn/what-is-shibaswap-and-bone

pegging SHI = $0.01 might just get Shib in trouble. they know the government isn't going to make it easy for anyone to develop a stablecoin without them grabbing the balls of those teams

if it's just algorithmic $0.01, it might just be fine but people are already aware, that things can go ugly when it's de-pegged. shibarium project i think has to be developed further for the SHib to have more demand. who knows it will be just like doge.

Shib? Seriously?  This is a dog meme token bro, not Tesla stock.  Its all hype and zero substance.  Think of it like putting your money on a random internet meme to go viral again.

Looking for long-term holds? Ditch the meme basket and  focus on projects with actual utility.  Do your research and dont chase moonshots.  Everything is a gamble, but you can still choose your odds yourself.

The truth is that if Shiba Inu is going to pump, there must be a driving factor to make that happen, and if there's none, the price can remain the way it is, the market cap can continue to reduce, and the value will definitely drop too. Currently, I don't see any innovation on that project. It seems it has pumped up the previous year due to the demand and hype it got, but currently, the project owners are not adding anything new to the project to make it attract more value. 

Like one user here already said, Shiba Inu is just a meme coin. There are some factors that can make it pump, which are: if the project decides to reduce their max supply by burning some of the coin; if some whale investors stack up a huge amount of the coin; if there is any service that is developed to make use of the coin for payment, etc. 

It's possible that anything can just make the price pump; it's also possible that the price might not pump again, so if you actually want to invest in the coin, just invest the amount you can afford to lose; never put all your money in one meme coin. 

This doesn't belong to trading discussions but to altcoin discussions as there are a lot of meme coins thread and altcoin discussions about this coin there.

On meme coin investor point of view, the answer will be yes. But for someone who don't invest to meme coins then expect that it's a no.

I see a positive response from your comments mate, it gave me a courage to learn from meme tokens which I'm not really familiar with. Though I heard last year this Shiba Inu had tremendous rise and many people ride with hype, but it was just once in a lifetime profit.
Soon I'll get some thousands of tokens of it, since the price in the market nowadays was to cheap to invest so it's not bad to purchase at least few dollars from my savings.

Shiba Inu is only a meme token and you can find many meme tokens in cryptocurrency market.

The good thing of Shiba Inu meme token is it already went through one cryptocurrency market and is still here, not die yet. The most famous meme coin is Dogecoin but DOGE is a Proof of Work altcoin. Shiba Inu is a Smart Contract altcoin and more risky than Dogecoin.

Another good thing with Shiba Inu, if you want to find positive things about this meme token, is its leadership in Smart contract meme tokens. If Smart Contract meme token ecosystem die, Shiba Inu will be the very last meme tokens to die.

It's a community supported token, if the supporters find another coin to hype up there's no definitely future for this kind of token (token without actual use). So I wouldn't surprise if many people would say that there's no future for this token, as somewhat the community behind it is looking for another coin to hype so they could earn. Though just like I always say, we really can't predict what would happen to any coin, it's just the general perspective regarding to meme coins.

Yeah, Shiba's rise was taken into account by many that's one of the influencers of the meme coins market. If you think that you're okay investing on it and the money you'll be putting on it is an amount that you afford to lose then that's fine. So, before you invest then you have to make sure that you're able to check it out already and your mind was already set and decided that no matter what happens to the chosen meme coins of yours, remember that they've been founded through hype.

shiba inu has already reached billions of market cap literally at 13 billions right now you just don't expect such meme coin to be suddenly making double gain within short time, too much money required to pump it.
you better off investing in other coin at this point otherwise youre more likely gonna be a food for the whales but lets be frank here, who can predict the future of these meme coin really? one day out of the blue this coin can be climbing up heavily just because influence of other people and just because sudden market hypes, these meme coin have no clear indication whenever they gonna be pumping thats why meme coin is also known as highly speculative coin, your investment will be speculative ones.
so definitely try to make your own judgement, even if we do have insight about this token its just speculation since its called meme coin for a reason.
though personally I will prefer to invest in a doge coin instead.

Doge coin is also a good type of asset, this could be my potential holdings and I will include it to my bucket lists of holdings. We can't deny all those speculations about meme coins, for no reason people will adapt it eventually. Same with doge, the history was too challenging before it reaches the popularity it has right now.
We must treasure all the opportunity that these coins, could have to achieve in the near future.

You can invest in it, all investments are risky, so take the risk, but the investment plan should be for a short, not a long term, and invest what you can loose, just incase it doesn't go as predicted, but the way I see Shiba and it's community, I think they are doing something we should hope on in the future,  the statistics behind it is amazing, like I said earlier invest in it and know it's a 50/50 thing.
Most times this hypes around all this meme coin pays off, mostly in a short time, that's why I will advise you to make it a short term investment, and collect the profit when it comes,  holding this type of coins are mostly risky tho.

I believe that this topic fits better in the altcoin discussion section, but anyway. I'm personally not fond of altcoins; I've never really bothered with them, and any involvement has been through Binance's launchpool projects; otherwise, I wouldn't invest in any. From how I see things, some provide great short-term opportunities, supposing that you're lucky. This is also the case with Shiba Inu; it's practically a copy of Dogecoin. Both are meme coins with no purpose whatsoever; they're driven by hype often caused by their communities or influencers (see Elon Musk with Doge), which may yield great results in a short time frame but seems unsuitable for the long term as it serves no actual purpose.

It is a meme coin and meme coins have no future in real life but in the past Shiba inu gave huge profit to its investors therefore it is considered as a good investment coin. Most of the people are still in favor of this meme token but I think if this token is kept longer then maybe after years it goes to a higher value than current.

One should not be too serious about meme coins investment but if someone still wants to invest in Shiba inu so they should use little amount for its investment instead of taking risk by investing large amounts. Most of the people want to invest in this token due to the little price but don't look toward the price but check about the potential and then invest.

The future doesn't build on air. A project needs to build a foundation that can not be shaken easily. Meme projects are mostly pump dump schemes, and if there is some utility in them, is that enough for them to survive in the long run? Right now, the driving force behind the meme project is hype and i don't find any other usecases. Some of the new meme projects are trying to make things interesting by introducing gamefi and other types of concepts. Another meme project, degen has its own blockchain. It looks like the meme category is evolving.

If we compare it to other tokens with use case, I won't say people are only hyping it but their interest on it is genuine which can last long term and so as the growth of the token. Few moments after the release of SHIB and its hype, many tokens are also created which we can say much better than it because they have the use case that we are talking about here and I'm sure many SHIB supporters have now transferred to them or even on a new trendy meme coin only. This is truly the reason on why SHIB is going down. Even though SHIB is surviving strong, I won't hope too much for it because like you said, tokens like this won't have a definite future.

It should be emphasized that meme coins have no future and are even useless. I do not recommend you to invest in meme coins, especially if you do not have a strong mentality and sufficient funds because the risk is very high.

The meme coin market is currently in good shape, especially when the halving occurred, the growth of meme coins increased slightly, but you still have to be careful if the price of bitcoin still doesn't increase, instead it stabilizes and meme coins increase, you have to be careful because this is a trap. Even if you want to take advantage of the rise, you can choose the top altcoins that may be safe in the long run. Choose investments in altcoins that have potential, don't be fooled by fomo, this is the point.

There’s a good foundation with SHIB and that’s why it remains the top meme tokens despite of having no usage at all, I guess once there’s a good hype at first you can have a good chance to stay longer in this market. We know the purpose of meme tokens is just a pump and dump scheme, but if they are serious about their project and if they introduce a more advance meme token, then I believe they can have a good hype which can help them to stay longer in the market.

Whatever it is, it's a meme coin. If you ask what its function is, it's just meme coins, but its development will really depend on the community. And how news will make the coin able to survive and increase its market cap, so that the price also increases and in the end, sometimes it's the same, just hype is the answer. We know that this Shiba Inu brand is Doge's toughest competitor. where Doge became a coin that was very hyped back then. and indeed this coin has been around for a long time. So yes, it's natural that it's still there until now, in fact there are still many cases that make Doge survive and continue to grow. But when it comes to other meme coins, it doesn't prove or confirm enough.

Like seriously we can't tell if shiba Inu will become the treasured memecoin in the future, but what we should also be prepared for the the possibility of not making any significant growth if there is no protocol that will support the coin value, such as being a utility or rendering a fisible service to the supporters that can keep the interest a d usage of the coin in the future.

     That's your opinion, and don't be too sure about what you're saying because I've seen many other communities that have said the same thing as you say to a crypto that in the end they were just embarrassed and they ate what they said to a crypto that they underestimated that they thought and thought that it was no longer worth or useful in the crypto market.

     And then, if it's no longer useful in your opinion and vision, why, in one day, its ranking volume is playing 667 million daily in the market? Is this what you are saying useless? Then the market cap is around 15 billion dollars https://www.coingecko.com/en/coins/shiba-inu. That's why it is said that crypto assets are volatile because the market is unpredictable.

Generally speaking with coins like this they tend to be fads.  People will end up jumping on the next best thing.  Not providing a recommendation just some trends that I've seen and noticed over a couple cycles.  People get bored easy here.  Only reason it's still hanging high is because the amount of bag holders.  During a peak rush they will drop it for the new shiny toy.

You can't regret your decision if you buy SHIB or Dogecoin, you may only earn a little below your mindset. Notwithstanding, since you are even diversifying in this regard, it is better that way. In my opinion, Dogecoin and SHIB will always be regarded in the meme coin world, just like Bitcoin and Ethereum, they paved the way and led in their section, and so will that of the two meme coins. But one should not expect to earn hugely in them anymore, they've done their bit in my opinion and have shown the world that they are good projects despite being meme coins. As always those early investors had the biggest, you can imagine how rich those people are, we even know many of their stories as the meme coins turn them from zero to hero.

But with the development of more meme coins, especially on the latest reigning Solana ecosystem, the liquidity will be distributed fairly on all of them. So, it is not like before when there were just 2 or fewer of them harbouring people's money, there are many meme coins now, and even with other cryptocurrencies in consideration, they will have to continue to pump the money into all of them. This makes it unlike before, they may just multiply their price in a few multiple fashions.

I have been watching and trading this coin for a pretty long time now but the thing that I have noticed is that it can be used to get profits on daily or occasional basis but trading it for a long term investment option is not what I would recommend.

The reason behind this is the plenty other options that are available to invest like SOL , ETH and other major altcoins. They can give you some healthy and good profits.

Meme Token wants to create hype in the market as we have been seeing for a long time. I don't think investing in shiba inu token is right, because I can't expect profit from it. Has people lost confidence in this coin, can the coin return, I am not thinking of investing in the coin for the time being due to various dilemmas. There are many meme coins that have a future but which coin exactly. Although the hype and excitement can lead to short-term gains, long-term investments in Shiba Inu tokens can be scams,  it's best to stay away, it's your personal decision to invest in.

I think these meme tokens are going off into the sunset. Now tokens that have their own ecosystem where you can earn money, such as the TFS token, are gaining popularity. Especially they have a platform with a good APY

Shiba Inu is the king of meme tokens. There's Dogecoin but it's a different league with its own blockchain. Shiba Inu is to meme coins as Ethereum is to altcoins.
Shiba Inu have had an exceptional growth and is showing good resistance at current price level. Due to the last drop in price, there had been good accumulation of the coin. I don't see any coin replacing or challenging its dominance any time soon. Can't give a time frame but Shiba Inu is here to stay and prosper. you can have a x2 in at most a couple of years if you buy Shiba Inu now at current price.

If there is a huge future for this, then I have absolutely no idea at all how any of this crypto world works. Because, after over a decade in this crypto world, I bet that there is absolutely no future for it at all, and if I am wrong then I am sorry and I have absolutely no idea how any of this works.

But, I have seen plenty of stuff that stayed up with hype, hell I still say that XRP is a shitcoin and should not be invested, it is getting lower and lower like it deserves nowadays but it has stayed up, even took second place, for many years, meaning that I could be very well wrong about it for a long time. I personally believe that we need to just be careful and not make mistakes regarding this situation at the end.

We prepare for the worst to happen and in all, we stand strong enough to give back to the market. Talking about memecoins, Shiba Inu was a shitcoin that have completely no value but noticing the rapid values and zeros cancelled forward, it becomes concerning. Shiba Inu have made the necessary important moves in the market and have also capture the attention of investors. It's been really a long time when we spotted Shiba Inu to be trending, it dominates every piece of positive form, keen on the existing project.

I don't know about the plans you are building with this crypto, but most different cryptos have opportunities/risks, with SHIB it is memecoin that is really familiar and very successful.

I think the FOMO will continue and push SHIB to reach new milestones, but there are still big risks because of its hype nature. So there is no guarantee that it will increase/decrease, and it also depends on the plan you set with it, anyway, everyone will have different/same opinions and imo, always make sure you are ready to face any situation.

Shib is good coin to invest but dont forget that this is still a meme coin this is no use case and it has a very big supply, so dont put all you're trust on it, you can invest it a minimum amount of money or a money that you can afford to lose its price is only driven by a hype from its fast growing community, i beleive that after the hype from a couple of months or even years from now this coin will become shit coin or dead depending on its comunity.

There is a big risk on investing in this type of coin, not all investors earn on meme coin, sometimes meme coin gives us frustration so if you invest on it be cautious of what will be the possible outcome, for me I'd rather invest in a coin that already proven for a long time such as Btc and eth or even bnb this coin will never disappoint you as long as you can hold them for a very long time from now based on the record.

Among all the countless memecoins, dogecoin and Shiba Inu, stands out at the top, their reputations precedes the others as far as I'm concerned, so the OP can invest in it if he feels that it has the potentials to pump. The crypto market is quite unpredictable, sometime last year, people thought that Solana, was near dead, but today it's among the top altcoins, so again, if the OP feels strong about Shiba Inu, then let him invest the amount that he can afford to loose.

I think Shib is a very good coin as far as short term investment in considered. People have been investing into this coin from a very long time now and they are having some very good and profitable trades by investing into Shib. It's not very volatile and the performance can be easily predicted by learning some basic skills or reading the market.

But where people get it wrong is the investment for long term in Shib. Some coins are not that much big projects that we suppose them to and that's not their fault rather it's our fault that we have not studied and analysed the market that well.

Like we all know that the Shiba Inu is one of the top meme coins in the market and we can make crazy amounts of money from them if we are ready to hold and ride it to the bull. We can always make money from the market and what we are required to is to look other good meme tokens like the Shiba and hold so that profits can be coming from different corners as we are holding. It is a big opportunity for us to understand the market so we know when to buy and when to sell.

I agree that shiba inu has some potential to grow even higher in price but we should not overrate it too much. There is a possibility for it to not keep increasing in a few years time. Yes it is good now and can give you relative returns but will it be after a few years? I highly doubt it.

Shiba lnu can see its development for now, be realistic whether it progress updates in the future even though it has increased in terms of price and nothing has changed in the token
In the long term, it needs to be considered carefully. Not much adoption makes Shiba lnu more suitable for use.

Shiba Inu allready is a succes, which means being in the media when something happens will take place. So promotion will be on auto-pilot. Promotion is needed for being able to grow.

It has a community, so it's possible to create a stable-coin. People like stable-coins, and a well-managed stable-coin creates utility for a block-chain. It also has a DEX and people inside the community might prefer using that DEX for trading some coins.

Shiba-Inu has some instrumental utility, so it's more then a memecoin - this is needed for being a real succes.

It has maximum supply, this is very important, memecoins without maximum supply or at least something which comes down to the same thing, IMO don't have any future anyway.

Keeping the current market-value will be very hard. More and more new coins will come, there is not all to much competetive utility. In result, the current value seems to be way to high.

Of course sometimes one can make good trades on this coin, yet this comes down to winning because others are losing and this is something I never do for two reasons: it's not nice and trades on coins which seem to have a value on the markets which isn't way to high are a lot less risky.

In the now, in essence it's casino-money.

Shiba Inu isn't a great investment alternative. The supply is just too high and the usecase nonexistent. I see no point in investing in this token, since we have so many alternatives of altcoins at crypto market right now. Why not invest in an altcoin which has solid adoption, plans for the future and its own blockchain, instead? Investments aren't memes or jokes. I believe it has to be taken seriously, because it's all about your future and the future of your finances. So make sure to take responsible decisions towards it. Avoid speculative hypes which don't have any fundamentals behind them.

I tend to agree on most points. Yet having a community is a fundamental (to me). Just like having a name everyone knows and connects to a meme-coin, not to something else, is a fundamental (to me).

The current value is way to high for Shiba Inu being a failed coin which only is about hype and speculation. So it's something else. It for sure is a high-risk asset. After mass-adoption, some meme-coins will be worth more then Bitcoin is worth in the now. A meme-coin needs a very big community and it's far best of having some instrumental utility, for example being intergrated in an exchange, which the community uses - or for example being used in a predictions-market.

Example of the last thing: one could create or develop a meme-coin called "Karl Marx" and build a predictions-markets for the results of elections, but also for the price of the USD.

Due to the FED and also the ECB policies, plus the bank of England, there is a lot of store of value going on - a lot more then there is actual value. This for example means that the prices of houses are way to high in the now - houses no longer are just buildings to life in - they are stores of value. Not just in the rich parts of town, but in a lot of other area's also. This is something which will go wrong some day.

This means that most of all in a "Karl Marx" community, plenty of people will spend money on predicting that the USD will lose big versus gold, silver and grain. Such kind of a community could become to worldwide, if so it would have many chapters and it would connect people who have something in common.

I would be VERY suprised if Shiba Inu will be a winning memecoin over the years and decades. It does not connect people who have something in common and without that, it's not going to be easy for a meme-coin.

A community of bunch of traders bonding together for a pump and dump token? I don’t consider it a community if everyone is just screaming to buy and not sell so that they can sell on higher price using other member liquidity. This community only talk about the price and how to shill this useless token by faking its benefits to the public.

There’s no winning in meme coin in reality because all meme coin investors is just deceiving each other about “the good future” of the coin while in reality there’s nothing to look forward on this token aside from bunch of people expecting to pump and dump for quick gains.

I don't like this coin, but this in case does not mean I would never buy it.

I don't know this very community. In general, the kind of community you describe is the very community one would expact for a casino-coin. This are no fun communities, like a lot of communities are no fun, but it is a community. Now, if these people for example develop a stable-coin at 0,01 USD cent and create a decent backing, most of all when they create a kind of backing which is appealing to the crowd in that community, then they have instrumental utility.

Also over the years the people inside the community should have a better understanding of how the coin behaves on the markets then gamblers and also people who trade on intuition have outside this community. Of course, in chapters of this community where everyone yells "Buy buy buy!" a lot of these people are not buying themselves. People inside the community who buy whenever everyone yells "buy" will be broke at certain moment. So over the years, the community gets stronger. (Not in a good way but in some way.)

The key thing to look at is: do they have the kind of techical development which is appealling to the community? Plus do they know how to promote it?

This coin has a head-start, so they have a chance to stick around.

But I don't have any plans to buy it. I hardly ever buy memecoins anyway.

I don't really follow the development of the Shiba Inu token, but if you look at the trading volume of this meme token in the last 24 hours, the results are quite surprising, it is clear that the developer and also the community of fans of this token are quite enthusiastic

shiba inu is ranked #11 CMC, I see it is impossible to climb any higher

All decisions are in your hands, the choices you make must be wise enough, so that you don't lose anything

Coins like this are bordering being a ponzi-sceme, before becoming to be a lasting succes - or before indeed changing into a ponzi-sceme - and in result go down.

After a possible fall-back, believers will still keep it going for many years, it's all about believe anyway. But far most coins do not recover after falling back big time.

In general the Crypto-coins based communities it's a very new thing. The oldest one, the Bitcoin-community, is only 15 years old. Meme-coins are a lot younger and will still see a lot of development, shake-outs, new competitors and so on.

I'd say Shiba Inu stands no change if they can't create a succesfull DEX or a succesfull stable-coin or so, maybe a predictions-market.

But they have a huge head-start so they will have space to move for some time to come.

No use-case = a no-no for me.

Like what others said here, it's only a meme coin. A community token that just came out of nowhere and got at the top 50 in terms of market cap. TBH, I don't know why and how it happened, but aside from DOGE, all of the meme coins even the top ones are the ones that I will be avoiding. I might be wrong as well and we might see SHIB as the one of the most famous meme coin 5-10 years from now aside from DOGE of course. We might see what other SHIB holders are dreaming of - to reach a penny (which is obviously not gonna happen :D).

It will not remain. It's price will go higher the same as what the other coins are doing. If it's price remain stagnant and will remain at it's current value, it will lose it's spot on the top like what happened with other altcoins in the past. It might happen with SHIB as well, but with such a huge community behind it, I doubt it will happen. Huge community = huge support.

Shiba is currently the most popular meme coin and is part of the big altcoins. in the future the price of bitcoin will continue to increase due to limited supply and increasing interest. an increase in the price of bitcoin will definitely have a positive effect on the price of altcoins, in other words it is very likely that the price of shiba in the future will continue to increase. Moreover, it is very likely that the popularity of meme coins in the future will also increase.

worth investing in, I can't possibly say not worth while shiba have a lot of investors and are ranked 12th in CMC. will the price change? of course because shiba is not a stable coin, and what determines the price of shiba in the future is hype and market conditions. becoming one of the most popular meme coins is a truly remarkable achievement and I think shiba has a very bright future, considering the ever-increasing popularity of meme coins.