Your comparison totally a nonsense comparison. Putting some native blockchain coin even bitcoin to be direct competitors to the shiba inu was a big mistake from your list. Why don't you just mention another meme tokens like dogelon, doge coin or floki inu as direct competitor of shiba inu instead of putting the native coins in your list? that doesn't make sense at all. In my opinion if none of them even shiba inu will explode. Bitcoin bearish trend was preventing everything to recover or pumped (exclude some shit tokens that can be considered as pump and dump token) I think that if this is quite clear.
i am with you here. it is not appropriate to compare bitcoin with a meme token. they are not of the same level. and i don't think you can come up with 10 competitors of shib. or maybe, including those crap meme tokens and they are so many.
btw, most meme tokens may explode at one point, but that's it. after pumping, they will mostly go down the drain without the possibility of recovery. because let's admit that most of them are created for quick cash.
Without a doubt the main motivation behind those meme coins is to earn money, however while we blame the developers, and with good reason, for the existence of so many useless coins we also need to bring attention to the behavior of investors.
Most people that have been around this market for some time understand the real nature of those coins and instead of avoiding them they keep investing in them as they are expecting to earn massive amounts of money if they happen to invest in a coin before it pumps, so they are partially responsible about the fact that those coins despite being completely useless do not really disappear from the market.
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