By using this site, you agree to the Privacy Policy and Terms of Use.
Accept
Viral Trending contentViral Trending content
  • Home
  • World News
  • Politics
  • Sports
  • Celebrity
  • Business
  • Crypto
  • Gaming News
  • Tech News
  • Travel
Reading: Major Crypto Investor And Analyst Reveals Why Shiba Inu Is Destined To Make It
Notification Show More
Viral Trending contentViral Trending content
  • Home
  • Categories
    • World News
    • Politics
    • Sports
    • Celebrity
    • Business
    • Crypto
    • Tech News
    • Gaming News
    • Travel
  • Bookmarks
© 2024 All Rights reserved | Powered by Viraltrendingcontent
Viral Trending content > Blog > Crypto > Major Crypto Investor And Analyst Reveals Why Shiba Inu Is Destined To Make It
Crypto

Major Crypto Investor And Analyst Reveals Why Shiba Inu Is Destined To Make It

By Viral Trending Content 3 Min Read
Share
SHARE

Shiba Inu has grown along the years to become one of the biggest meme coins in the midst of many tokens battling in the meme coin niche. Despite what many might call its OG status, Shiba Inu is still subject to many critics who are of the notion that the cryptocurrency could lose most of its value in the coming years.

Contents
Major Investor Rejects Claims That SHIB Will Lose ValueShiba Inu To Keep Growing

On the other hand, a crypto investor known pseudonymously as Crypto King sees the vision and potential in SHIB that the critics are missing. In response to a recent SHIB criticism, Crypto King took to social media platform X to dispel claims of Shiba Inu’s downfall while also pointing out that “OG memes like $SHIB are destined to make it.”

Major Investor Rejects Claims That SHIB Will Lose Value

Crypto King’s recent post on social media platform X is a response to a meme coin critic. According to the critic, the majority of meme coins will lose their value in the next few years, and only two or three of them will be left among the top 50 cryptocurrencies. Surprisingly, the critic believes that Shiba Inu, which is currently the second largest meme token and 11th in market cap rankings, will lose most of its $13 billion value. 

SHIB market cap currently at $6.8 billion. Chart: TradingView.com

In response, Crypto King said those of this school of thought are those that do not know the market yet themselves. SHIB now finds itself listed on many centralized crypto exchanges all over the world, giving many retail traders adequate exposure to the token. As a result, the investor believes SHIB is more established than many critics can think of. He also likened SHIB’s established status among meme coins to that of gold in comparison to a newly discovered crystal that’s not worth a lot.

Shiba Inu To Keep Growing

Shiba Inu is home to a vibrant community ecosystem. Team members are constantly working to provide real-world utility in order to transition from its meme coin status. Over time, the dev team has built real, practical use cases on top of this foundation. ShibaSwap and Shibarium are a few examples where SHIB provides utility.

SHIB is currently trading at $0.00002317 and has suffered a 2.84% and 6.19% loss in the past 24 hours and seven days, respectively. According to IntoTheBlock’s Global In/Out Of The Money Metric, SHIB is currently sandwiched between a 12.7 trillion SHIB resistance wall and a 37.4 trillion SHIB support wall. The cryptocurrency could go either way during the week, but a crypto analyst notes that the $0.000023 price level is generally a demand zone for SHIB.

Featured image from Hundeo, chart from TradingView

You Might Also Like

Sui breaks $3 resistance: Is a new ATH next?

Ripple Joins Ranks Of Crypto Companies Seeking Banking Licenses In The US

ETH price prediction: Ether eyes $2,879 as technical indicators switch bullish

Tron Wallet Tied to Darknet and Ransomware Gets Hit With US Sanctions

Robinhood’s ‘OpenAI tokens’ are not equity, OpenAI clarifies in statement

TAGGED: Crypto, Crypto News, News
Share This Article
Facebook Twitter Copy Link
Previous Article Avowed Showcases Combat, Locations, and More in New Trailer
Next Article Credit card delinquencies are rising. Here’s what to do if you’re at risk.
Leave a comment

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

- Advertisement -
Ad image

Latest News

Carioca Cafe manager hopes to reopen legendary Denver dive bar after wall collapse
Business
Sui breaks $3 resistance: Is a new ATH next?
Crypto
US airstrikes set back Iran’s nuclear programme by ‘one or two years’, Pentagon says
World News
Ripple Joins Ranks Of Crypto Companies Seeking Banking Licenses In The US
Crypto
India’s macro setup stable, but markets await earnings firepower: Hemang Jani
Business
Mecha BREAK Peaks at Nearly 133,000 Concurrent Players on Steam at Launch
Gaming News
Honor Magic V5 Foldable Specs Officially Revealed
Tech News

About Us

Welcome to Viraltrendingcontent, your go-to source for the latest updates on world news, politics, sports, celebrity, tech, travel, gaming, crypto news, and business news. We are dedicated to providing you with accurate, timely, and engaging content from around the globe.

Quick Links

  • Home
  • World News
  • Politics
  • Celebrity
  • Business
  • Home
  • World News
  • Politics
  • Sports
  • Celebrity
  • Business
  • Crypto
  • Gaming News
  • Tech News
  • Travel
  • Sports
  • Crypto
  • Tech News
  • Gaming News
  • Travel

Trending News

cageside seats

Unlocking the Ultimate WWE Experience: Cageside Seats News 2024

Carioca Cafe manager hopes to reopen legendary Denver dive bar after wall collapse

Investing £5 a day could help me build a second income of £329 a month!

cageside seats
Unlocking the Ultimate WWE Experience: Cageside Seats News 2024
May 22, 2024
Carioca Cafe manager hopes to reopen legendary Denver dive bar after wall collapse
July 3, 2025
Investing £5 a day could help me build a second income of £329 a month!
March 27, 2024
Brussels unveils plans for a European Degree but struggles to explain why
March 27, 2024
© 2024 All Rights reserved | Powered by Vraltrendingcontent
  • About Us
  • Contact US
  • Disclaimer
  • Privacy Policy
  • Terms of Service
Welcome Back!

Sign in to your account

Lost your password?