What is the fate of SHIBA Inu, is this the end of the Road?

[yazher]

One of the most trending meme coin #Shiba Inu and Doge coin competitor has closed 4 day candle stick on Red now...the downward trend even looks more terrifying.

What's going on, any expert Technical Analyst on this one? Please, I would like to hear our opinions on this one.

If they find out what is the main cause of the downtrend and will find some solution to fix it with their new updates, then the price will recover just like the other cryptocurrencies which already faced the same case in the past. XRP has been like this when they were investigated by the SEC and their price has continued to decrease every day as if they don't gonna recover at all but look at them now, they just doing fine and their project still kicking. The only thing they need right now is constant updates for their investors.

[michellee]

If you have Shiba, you can hold for more as this token is one of the pumps and dump tokens that happen at the market so I do not think the technical or fundamental analysis will work for this token. This token will increase when the news is released, making people tend to buy this token and try to make a profit. So I guess you should follow that trend and do not have a big expectation to make a big profit from that token, especially if there is no good news for Shiba.

[MIner1448]

One of the most trending meme coin #Shiba Inu and Doge coin competitor has closed 4 day candle stick on Red now...the downward trend even looks more terrifying.

What's going on, any expert Technical Analyst on this one? Please, I would like to hear our opinions on this one.

To be honest, I think there are still growth prospects for this coin, at first I took this coin on its hype in social networks, because it's still a meme coin and, in principle, I was not mistaken, then I started to study it and still There are articles where they pay with this meme with a coin, I think there will be more growth for this coin, at least for dogs.

[so98nn]

This is called as profit booking by whales. Obviously SHIBA had its good time few weeks back when it jumped way hard than it could actually. This led more investors to invest their money into Shiba because it was rising and given everyone the missing train feeling. Out of no where big exchangers like Binance, WazirX and gecko started to host the SHIBA trading challenge worth 15 million USD which was crazy one by the way and lured more peeps into the project. The power of all these steps literally put Shiba to ATH. Now that the market as whole is at down turn including the King btc, everyone is trying to book profits and get away from it. It may not be the end of road, it’s just little pause for buying, and more focus on selling.

[Jaered]

I think Shiba Inu would bounce back up. Its the market and truly the sentiment right now is bearish for Shib. I strongly believe its time to pump is near. It is the strongest Dogecoin competitor and a strong one at that

[Marykeller]

For the past few days now, I have considered the fact to invest in Shiba Inu based on information I have gotten from a friend about the token. My only problem with not investing is that, how can someone have millions of Shiba inu in his or her portfolio. What happens to the token value when someone dumbs his million tokens? From my observations, thousand of investors also has million of Shiba inu. Am having a biased mind to invest after reading up post here about the Shiba inu

[Apyminer]

Hesitating to buy a bit more here but definitely not selling anything as it's still currently my best performer.

I'm convinced it will eat another zero during a bull run before end of the year.

Afterall we expect btc to chase crazily the 100k bar before end of the year.

[Finestream]

For the past few days now, I have considered the fact to invest in Shiba Inu based on information I have gotten from a friend about the token. My only problem with not investing is that, how can someone have millions of Shiba inu in his or her portfolio. What happens to the token value when someone dumbs his million tokens? From my observations, thousand of investors also has million of Shiba inu. Am having a biased mind to invest after reading up post here about the Shiba inu

Imagine yourself if you are one of them, how would you anticipate if their value suddenly drops down drastically due to a serious price correction? Investing in meme coins are totally high risk because you are putting your money in those tokens without real utility case so even if they are the current trend, they are still prone to lose their value anytime. For me, Shiba Inu is only a parody of dogecoin so it means their future is somewhat alike. If thousands of people have lose in dogecoin before, then it will be also possible with Shiba Inu at the present. This is just my thought for now, but i'm open for a change of mind in the future.

[Oasisman]

One of the most trending meme coin #Shiba Inu and Doge coin competitor has closed 4 day candle stick on Red now...the downward trend even looks more terrifying.

What's going on, any expert Technical Analyst on this one? Please, I would like to hear our opinions on this one.

Not everytime the hype and the trend always stay. There will always the time where people are actually selling it most especially when the downtrend begins to surface.
Not to mention that these are both meme coins with no real use cases, just merely a speculative coins.
I don't have Shib nor Doge, but If it happens that I'm holding one of those coins, I won't get affected by the downtrend as long as I can still see people hyping these coins up in the social media it'll probably bounce back.

[Apyminer]

You all repeat over and over that there is no real use case for Shib.

Is paying my hairdress in shib considered a real "in life" use case?

Is paying my McDo in shib considered a real use case?

Is paying my theater tickets in shib considered a real use case?

And if not please enlight me with what is considered a real in life use case?

[tsaroz]

One of the most trending meme coin #Shiba Inu and Doge coin competitor has closed 4 day candle stick on Red now...the downward trend even looks more terrifying.

What's going on, any expert Technical Analyst on this one? Please, I would like to hear our opinions on this one.

Shiba inu has been a pump and dump from day 1. Still they are at much higher price than most days.
It is a joke coin. They in reality sent 50% of total supply to vitalik buterin, humble of him, he donated 90% of his holding to relief program at a much lower price.
Than it was Elon Musks tweets that let it go rocketing. The team too worked a bit to launch a lousy defi, though they have a good rating, they have not much functions to make it useable. Personally, I think Shiba is going to be the next hyped dead coin.

[kanayaTabitha]

Every coins that pumped hard by the whales and the price increase is not healthy (there are no healthy correction just like a normal coins that has good fundamental) will crashed hard and not going back to it's all time high, just like XRP and NXT few years ago.
The whales are already moving to another coins which probably in hype in the next year (i would say metaverse), and meme animal coin's hype is already over.

[StarKay]

I don't think it's the end of the road for Shiba Inu, it's too early to come to that conclusion. Shiba Inu is still one of the most popular Cryptos out there and the following is massive, what you observed about price drop is not unusual in Crypto.
Although one should always be careful with meme coins with massive circulating supply and unrealistic market capitalisation.

[onecall123]

There is no such thing as a permanent bull run or bear run. Where it starts, it will end too. The trend is roughly following the model, but there is no guarantee that it will reverse. It's sad how many people will lose money by believing in this shit. Shiba Inu dropped nearly 60% in three consecutive weeks after hitting an all-time high in late October. SHIB is not over, it is only about patience. That sounds like a golden opportunity to me.

[geegaw]

Every coins that pumped hard by the whales and the price increase is not healthy (there are no healthy correction just like a normal coins that has good fundamental) will crashed hard and not going back to it's all time high, just like XRP and NXT few years ago.
The whales are already moving to another coins which probably in hype in the next year (i would say metaverse), and meme animal coin's hype is already over.

Even though it's been a few years but you still remember the names that created storms in this market, I believe many people here also can't hide their ups and downs with these mentions, they may no longer be able to recall their glorious past, but once their names are mentioned, opportunities still have certain possibilities for them. Looking at a reality like dogecoin, which doesn't meet your conditions but still has a higher peak, Shiba may be receiving pressure from the Metaverse market but the name has been sculpted into this famous crypto trail, a few days of remembrance can still change its fate.

[jaberwock]

There is no such thing as a permanent bull run or bear run. Where it starts, it will end too. The trend is roughly following the model, but there is no guarantee that it will reverse. It's sad how many people will lose money by believing in this shit. Shiba Inu dropped nearly 60% in three consecutive weeks after hitting an all-time high in late October. SHIB is not over, it is only about patience. That sounds like a golden opportunity to me.

Is it really sad? I mean putting aside all those smart people who got in and knew that it was a shitcoin and as soon as it made some profit for them, they got out. However for all of those who stay here for long term, it is a bit weird to not be shocked about their situation, after all they are long on a shitcoin and they should be aware that they are going to lose their money.

This is why I personally believe that we should let them be whatever they want to be and not care about what they are losing. I understand that some people care what others do and how much they lose, and people losing money in crypto world reflects on all of us because they complain about the shitcoins. However, is it really that smart to let them be how they are and learn by themselves? Or is it smart to get involved? I would let them learn their own mistakes, it is a lot better.

[fullhdpixel]

One of the most trending meme coin #Shiba Inu and Doge coin competitor has closed 4 day candle stick on Red now...the downward trend even looks more terrifying.

What's going on, any expert Technical Analyst on this one? Please, I would like to hear our opinions on this one.

It was always the end of the road, Shiba was always a horrible thing and for some reason people managed a reason to buy it and they hyped it so much that it became a self fulfilling prophecy of sorts. I mean yes you did make money but that is because all of you ended up buying for so no reason at all, now if you all start to sell then it is going to crash and that will mean yes some people at the top will make a profit or already made profit but that doesn't mean that the bottom will be crashed. Do not have too much hope from Shiba if you are in it for the long term, try to reach to a point where you could end up making some profit and get out as quickly as possible if you are ever in profit.

[Kasabus]

I just added a few dollars on the shiba inu and because it's only a small amount so the drop in the price is not very significant affect on my assets, this is normal when coin has pumped the price will drop even to 50%, as long shiba still have high volume trading on major exchange I'm not to worry because I'm more to long term.

Meme coins shouldn't be held for long term, they tend to go down very quickly and also the same about pumps as well, we should always look for the right opportunity to invest in meme tokens and then exit early so as to not become the one holding the bags when the coin falls to zero. Best advice would be to reap the profits as early as possible and then go to the next coin.

Right. Meme coins are only good for short term because they are not likely to last long in the market since they are only dependent on hypes. And not all the time that such coins will be hyped, unless big whales will start to do so. But if we zoom it out, its better to invest in coins that are already strong and are reputable enough in the market so that when serious correction starts to hit the market, their prices will not be totally affected and won't create huge dumps. I think the fate of Shiba is nearly to its end, unless the market starts to recover then meme coins will also likely to recover too.

[Strongkored]

I just added a few dollars on the shiba inu and because it's only a small amount so the drop in the price is not very significant affect on my assets, this is normal when coin has pumped the price will drop even to 50%, as long shiba still have high volume trading on major exchange I'm not to worry because I'm more to long term.

Meme coins shouldn't be held for long term, they tend to go down very quickly and also the same about pumps as well, we should always look for the right opportunity to invest in meme tokens and then exit early so as to not become the one holding the bags when the coin falls to zero. Best advice would be to reap the profits as early as possible and then go to the next coin.

I'm sure as long as shiba is still listed on many major exchanges with a fairly high trading volume and ranking in CMC or coingecko is still in the top 50 the value of this coin will not be zero, and moreover I only invest with money that I can afford to lose.
But I agree with you that memecoin can be zero value if we are careless and too greedy to expect big profits without taking into the movement of the main coin or the current market conditions. Hit and run will be safer to reduce the risky in memecoin choice.

[traderethereum]

One of the most trending meme coin #Shiba Inu and Doge coin competitor has closed 4 day candle stick on Red now...the downward trend even looks more terrifying.

What's going on, any expert Technical Analyst on this one? Please, I would like to hear our opinions on this one.

I am not sure if Shiba can regain its position in the market after it reaches a high price because the focus of the investors can change to other coins.
The downtrend could continue as bitcoin price is not moving higher but if Shiba is a strong coin like Dogecoin, Shiba can increase again in the future.
The meme coins can end anytime so Shiba, Dogecoin, and other meme coins can not grow in the future but still have a chance to get pumped someday.
But if we look at Shiba's price, it can increase again, but you really need to be careful to play with Shiba because you can wait for a long time before you see the price increase back.