Shibu Inu also known as the Dogecoin killer is fast losing its reputation. As compared to other altcoins Siba Inu is facing difficulty in adoption. This situation is being precipitated because it is unable to exhibit proof that it is viable investment opportunity in long term.
Shiba Inu And Dogecoin Are Flashes In The Pan
Meme coins like Shiba Inu and Dogecoin are flashes in the pan and are suitable for short term investments. Meme coins like Dogecoin are notorious for their volatility. Dogecoin values often fluctuate for flimsy events like a tweet by another maverick investor and CEO of Tesla-Elon Musk.
The crypto market was slowly finding its feet after a prolonged bearish phase. However Shiba Inu has failed to come out of the rut it has landed into. In fact it has sunk further into the morass and added another 0 to its values.
Shiba Inu Journey To Acheive $1 Values Daunting
The journey towards achieving $1 in its values has become even more daunting. The present mayhem in the crypto market caused by the crash in Bitcoin values where the present rates of BTC is in the range of $20,000 has wiped out even the slightest hope of recovery in Shiba Inu values.
SHIB Is Today Under Intense Pressure.
SHIB is today under intense pressure. Shib tokens are piling losses much to the agony of its investors. This coupled with BTC crash has aggravated the situation. The coming weeks will be extremely crucial. It will make it clear if true to its reputation, will fulfill its destiny as a great fighter or will follow the way of Terra. Presently SHIB is changing hands at $0.000008.