Shiba Inu token, is there a future for this?

[senyorito123]

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.

[1714668512]

1714668512

[BitMaxz]

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.

[Asiska02]

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.

[Happy Waters]

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.

[Bushdark]

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.

[crwth]

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?

[Coin_trader]

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.

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.

[Hello_Bubble_World]

"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.
 

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.

[sokani]

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.

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

[electronicash]

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.

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.

[Stalker22]

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.

[Dr.Bitcoin_Strange]

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.

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. 

[batang_bitcoin]

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.

Is there a future for this?

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.

[senyorito123]

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.

Is there a future for this?

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.

[MusaMohamed]

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?

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.

[joeperry]

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.

[batang_bitcoin]

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.

Is there a future for this?

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.

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.

[poodle63]

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.

[senyorito123]

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.

[Jon pyagbara]

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.