Shiba Inu turns into privacy coin like Monero or ZCash?

[s.tanishka]

If it becomes privacy coin then sure it’s popularity will increase dramatically however it’d no guarantee that price would go hike on that basis. If so monero would have been enormously high right now considering it’s Privacy properties. However, it got attacked by authorities many times for unfair transaction which were so claimed by authorities themselves.

SHIBA on the other hand got its popularity basically because of the meme competition and anti doge community. Now adding a feature which is entirely other side of its basic framework can only push it little further but not similar to the original privacy coins.

Shiba inu's popularity is extraordinary, it's just that this shitcoin coin becomes private according to it, it's even more terrible. We won't know anything about the concept of Shiba Inu in the future, which I'm afraid if the privacy of investors' money is lost because of something that isn't transparent. Yes, everything is a risk, but it must be researched again

I don't think the Shiba Inu coin is gaining popularity among true privacy coin advocates. The meme coin offers owners little or no value compared to more established cryptocurrencies.

[moneystery]

If it's true that the latest update will bring Shiba Inu like that, it will change the Shiba Inu from being a meme coin to a privacy coin which is better and clearer on purpose. Because compared to being a meme coin that only relies on pumping, it would be better for Shiba Inu to be a privacy coin that can be used by people for faster and anonymous transactions globally.

[MIner1448]

Shiba Inu (SHIB) is a cryptocurrency based on the Ethereum blockchain and has no privacy features. This means that SHIB transactions can be tracked on the Ethereum blockchain and do not offer complete privacy like Monero or ZCash do.
However, it is possible that the Shiba Inu development team may add privacy features to their cryptocurrency in the future. But at the moment there are no official statements about this direction of development of the project.

[Sethrey]

Why not, the transformation of the Shiba Inu into a privacy coin might make it more appealing to privacy-minded users, but the coin's long-term success depends on a variety of factors.

Privacy coins face regulatory hurdles and increased scrutiny from law enforcement agencies, which can make it challenging for them to gain widespread acceptance. Therefore, while a privacy-focused approach may appeal to a specific segment of users, it may also limit the coin's adoption by more mainstream users. Ultimately, the success of the Shiba Inu, or any other cryptocurrency, depends on its ability to provide real-world value and utility, whether that's through facilitating fast and low-cost transactions, providing access to decentralized applications, or offering unique features that differentiate it from other coins in the market.

[Abiky]

Privacy coins face regulatory hurdles and increased scrutiny from law enforcement agencies, which can make it challenging for them to gain widespread acceptance. Therefore, while a privacy-focused approach may appeal to a specific segment of users, it may also limit the coin's adoption by more mainstream users. Ultimately, the success of the Shiba Inu, or any other cryptocurrency, depends on its ability to provide real-world value and utility, whether that's through facilitating fast and low-cost transactions, providing access to decentralized applications, or offering unique features that differentiate it from other coins in the market.

We can't expect much of a utility for Shiba Inu, especially when it's a "meme" coin. The fact that there's quadrillion of tokens in circulation, tells us developers have no serious intentions with the project. It should decrease in value over time due to added inflation. With or without privacy features, SHIBA's market prices will stay just the way they are. Only a bullish market will help "pump" the coin a little bit. But it'll never reach $0.01 because of the reasons mentioned earlier.

Maybe developers will go as far as burning the token supply in the long run? If they do that, SHIBA could go all the way to the moon. Elon Musk changed Twitter's logo to Dogecoin's Shiba Inu mascot, so who knows if "meme" coins are set to rally soon? Just my thoughts

[s.tanishka]

Why not, the transformation of the Shiba Inu into a privacy coin might make it more appealing to privacy-minded users, but the coin's long-term success depends on a variety of factors.

Privacy coins face regulatory hurdles and increased scrutiny from law enforcement agencies, which can make it challenging for them to gain widespread acceptance. Therefore, while a privacy-focused approach may appeal to a specific segment of users, it may also limit the coin's adoption by more mainstream users. Ultimately, the success of the Shiba Inu, or any other cryptocurrency, depends on its ability to provide real-world value and utility, whether that's through facilitating fast and low-cost transactions, providing access to decentralized applications, or offering unique features that differentiate it from other coins in the market.

Privacy-focused cryptocurrencies may appeal more to users who are concerned about their online privacy and anonymity, but they may not be as attractive to more mainstream users who prioritize other factors such as speed, convenience, and ease of use. This can limit the adoption of privacy-focused cryptocurrencies and potentially affect their liquidity and value.

[Sethrey]

We can't expect much of a utility for Shiba Inu, especially when it's a "meme" coin. The fact that there's quadrillion of tokens in circulation, tells us developers have no serious intentions with the project. It should decrease in value over time due to added inflation. With or without privacy features, SHIBA's market prices will stay just the way they are. Only a bullish market will help "pump" the coin a little bit. But it'll never reach $0.01 because of the reasons mentioned earlier.

Maybe developers will go as far as burning the token supply in the long run? If they do that, SHIBA could go all the way to the moon. Elon Musk changed Twitter's logo to Dogecoin's Shiba Inu mascot, so who knows if "meme" coins are set to rally soon? Just my thoughts

As for meme coins like SHIBA, it's difficult to predict their long-term prospects with any certainty. While they may experience short-term rallies driven by hype and speculation, they may also face significant volatility and market corrections.

Ultimately, it's up to each individual investor to carefully consider the risks and potential rewards associated with investing in cryptocurrencies, including meme coins like SHIBA. It's always a good idea to do your research, understand the technology behind a cryptocurrency, and carefully consider your investment goals before making any decisions.

[globalpain]

Shiba inu is still Memecoin and even Shiba Inu is said to be a metaverse coin too,
it's great that Shiba can provide a new level in their fundamentals,
so in the next bullish season of course I'm sure Shiba will follow in Doge's footsteps.

[AmoreJaz]

Why not, the transformation of the Shiba Inu into a privacy coin might make it more appealing to privacy-minded users, but the coin's long-term success depends on a variety of factors.

Privacy coins face regulatory hurdles and increased scrutiny from law enforcement agencies, which can make it challenging for them to gain widespread acceptance. Therefore, while a privacy-focused approach may appeal to a specific segment of users, it may also limit the coin's adoption by more mainstream users. Ultimately, the success of the Shiba Inu, or any other cryptocurrency, depends on its ability to provide real-world value and utility, whether that's through facilitating fast and low-cost transactions, providing access to decentralized applications, or offering unique features that differentiate it from other coins in the market.

Privacy-focused cryptocurrencies may appeal more to users who are concerned about their online privacy and anonymity, but they may not be as attractive to more mainstream users who prioritize other factors such as speed, convenience, and ease of use. This can limit the adoption of privacy-focused cryptocurrencies and potentially affect their liquidity and value.

and if i may add, even if they added a privacy feature, we don't know to what extent they are really implementing the privacy protocol. they are adding such feature to sustain the interest of people. however, as you said, they still remain to be a meme token, wherein, its survival still depends on the team behind it.

[Furious 7]

they still remain to be a meme token, wherein, its survival still depends on the team behind it.

Will add a little to clarify.
Its survival only depends on the pump and dump that is done
Well indeed it is a pretty good breakthrough but I think something like this doesn't change anything for them because still they can't be removed from the pump and dump system even though they are now for example going up but in the end things like this happen it won't take long and come back to the initial price where they are below.

[carrie_white]

from here we can see which meme coins are good and which meme coins are not, shiba inu is one of the meme coins which in my opinion is quite good and consistent in the process of developing, and shiba inu has great potential in the future, if shiba inu can continue to adapt to keep up with current development

[s.tanishka]

from here we can see which meme coins are good and which meme coins are not, shiba inu is one of the meme coins which in my opinion is quite good and consistent in the process of developing, and shiba inu has great potential in the future, if shiba inu can continue to adapt to keep up with current development

It showed growth only thanks to unrealistically expensive marketing. Advertising of their token could be found at every turn. That is why so many people bought it. In general its growth will be only if one of the whales holds a lot of tokens in their hands. Only then will he be able to repeat the history of DOGE.

[Sethrey]

Shiba inu is still Memecoin and even Shiba Inu is said to be a metaverse coin too,
it's great that Shiba can provide a new level in their fundamentals,
so in the next bullish season of course I'm sure Shiba will follow in Doge's footsteps.

While it's difficult to predict exactly how Shiba Inu will perform in the future, it's certainly possible that it could see a similar surge in popularity to Dogecoin during the next bullish season. However, it's important to remember that investing in cryptocurrencies always comes with a degree of risk, and it's crucial to do your own research and make informed decisions when it comes to your investments.

[cloirecrom]

really? if it become privacy coin, thant it will get delisted in most or all cex. like monero now.
it also reduce speculator

[dlightag]

That is a very good update, which Shiba Inu coin has many more use case as time apply. Therefore, Shiba Inu we surprised many investor's in a second time, from the early investors that made a lot of profits, and possibility of Shiba Inu turn into privacy coins like Monero or ZCash, is possible, because Shiba Inu coin is a cryptocurrency that has strong community in the ecosystem.

[Coyster]

from here we can see which meme coins are good and which meme coins are not, shiba inu is one of the meme coins which in my opinion is quite good and consistent in the process of developing, and shiba inu has great potential in the future, if shiba inu can continue to adapt to keep up with current development

Personally i'd not invest in any meme coin or consider any of them to be good investments, it is obvious they lack any actual utility, and are only good for traders who want to speculate and make some quick profits, meme coins also fall into the category of pump and dump coins, they usually appreciate in price when there is quite a lot of hype for it, but without that hype and with obviously no actual utility, it is definitely going to dump. I don't consider meme coins to be long term projects with a long future, thus be careful how you invest in them, and always be ready to pull out before a dump.

[Xal0lex]

from here we can see which meme coins are good and which meme coins are not, shiba inu is one of the meme coins which in my opinion is quite good and consistent in the process of developing, and shiba inu has great potential in the future, if shiba inu can continue to adapt to keep up with current development

Personally i'd not invest in any meme coin or consider any of them to be good investments, it is obvious they lack any actual utility, and are only good for traders who want to speculate and make some quick profits, meme coins also fall into the category of pump and dump coins, they usually appreciate in price when there is quite a lot of hype for it, but without that hype and with obviously no actual utility, it is definitely going to dump. I don't consider meme coins to be long term projects with a long future, thus be careful how you invest in them, and always be ready to pull out before a dump.

You're right, meme coins are trading and gambling toys, as a high-risk investment, so they don't mix very well with proper, low-risk investing. Buying new meme coins that are relatively new is like investing in a ponzi scheme, you never know when or how this venture will end. It's not investing, it's roulette. Those who spend time buying unknown meme coins in the hope of discovering new SHIB, they all, for the most part, are left with a loss and a mountain of junk coins in their wallet.

[Abiky]

and if i may add, even if they added a privacy feature, we don't know to what extent they are really implementing the privacy protocol. they are adding such feature to sustain the interest of people. however, as you said, they still remain to be a meme token, wherein, its survival still depends on the team behind it.

There are other important things to focus on, than just adding privacy features to a "meme" coin. Why don't developers start by burning the token's supply? If they do that, SHIBA will no longer be worth less than $0.01. By adding privacy features to Shiba Inu, they will alleniate the project further from CEXs.

Governments are strict against crypto/Blockchain tech these days, so they will quickly target anything they can't track or trace. Expect SHIBA to be de-listed across major exchanges once developers add privacy features on-chain. Let's see how long the cryptocurrency will last as people move on to the next big thing in crypto. Just my thoughts

[newdevices]

If indeed Shiba Inu is going to be a private coin that would be sad,
why? because some exchanges have started delisting privacy coins,
what I'm afraid of is that shiba can no longer be trusted as an investment.

[s.tanishka]

If indeed Shiba Inu is going to be a private coin that would be sad,
why? because some exchanges have started delisting privacy coins,
what I'm afraid of is that shiba can no longer be trusted as an investment.

Shiba Inu is a purely commercial meme project that aims to earn as much money as possible. Even if at some point they are delisted it does not mean that its price will not become even higher later. You can see many examples when private moments after delisting grew in price.