Topic: SHIB the new tough competitor to DOGE - page 6. (Read 939 times)

Yes, SHIB may be profitable for now because its being hyped but just like dogecoin, it won't stay up for long. I would say that all these meme coins stuff started when Elon Musk starts supporting dogecoin and when he stops tweeting about it, the price gradually fall. So there's no big advantage if you start investing them and then when bear season starts to hit the market, their value eventually fall, and worst they might end up into shitcoins. I would rather stick to bitcoin and ethereum, and some potential altcoins, so i won't end up being miserable and lose all my capital.

In my opinion, if we look at this coin, it looks like a hype coin, like a meme coin and is not very influential and doesn't even have a community.  But even though this coin doesn't use its own blockchain yet.
 But all coin prices cannot be guessed, maybe one day even this coin will be excellent, even very good at investing, although not for the long term.

I tried to take advantage of this coin months ago but I didn't even make a little bit of profit out of it.
In Twitter, it's hyped but in reality, its value won't go up again unless Bitcoin does. So, I just sold everything I had at almost the same price as I bought it.
Luckily, I didn't lose much and now that it gained a little bit because of this kind of news I still don't regret selling it.
I believe there is no future for this. Just a bunch of millionaires playing the market and with the average Joe who invested in it.

I don't think that's the case, that it's tagged a memetoken just because memetokens are trending. No, that's not the case. It's actually what it is – memetoken. Except there's a change of concept and its huge 1 quadrillion is burnt to reduce supply, otherwise it remains a memetoken. What marks it out from other memes is that Shiba has an effective and hardworking team that's making sure technical development is constantly reviewed.

This is where it surpasses Dogecoin. The constant work on this token has taken it where it's today. There are other community based tokens that later got abandoned by their developers and the projects crashed. I have a lot of them I know and a few that I bought into. It's cash gone down the drain. Seeing the speed at which a lot of exchanges listed Shiba should tell anybody that it's a great project. Remember that Dogecoin only got listed on Binance of recent (last year, I should think) after several years of its existence. But Shiba was an instant hit. While Shiba has a huge supply of 1quadrillion, Dogecoin has an infinite supply. The infiteness in Dogecoin could even get it to over any number above what Shiba has or below it, no one knows this. In all, I will invest on Shiba before Dogecoin if I were faced with a choice to make between both.

Dogecoin may be the leader of the pack money meme, But there is a new coin on the market and it has exploded in recent days. Also a tough competitor for DOGE.
SHIB is create as a “testing in the built-in centralized autoplay community” and is the first of many planned themed coins.
SHIB is up more than 2 percent since its inception, higher than either Bitcoin or Ethereum since their respective inception.
Now that SHIB is listed on coinbase, this is absolutely great for investors, but for anyone who wants to earn their money on SHIB, the service becomes more and more difficult as the price increases. higher.
Take advantage of this rare opportunity if you want to see yourself as a millionaire.

The crypto market is crazy, but it's not a bad thing… right?

One thing that was unexpected for shiba to enter the coinbase, made the price of shiba strengthen in how many weeks now, is it still feasible to increase the supply in the wallet at this time?
if SHIBa can compete with DOGE that's amazing especially if it exceeds the price of DOGE

Shiba Inu was originally created as the mascot for Dogecoin, but now it operates as its own token on the Ethereum blockchain. Unlike some cryptos which limit their supply, Shiba Inu acts more like Baby Doge, with a nearly unfathomable circulation of 1 quadrillion coins.

SHIB is like all the other PnD tokens that come and go.

It's to make the issuer of the token rich selling bags of dust for your wallet for a small fee.

There are just too many of these clones issued over and over again for each name & meme you can think up.

To many dust bunnies want to be getting at your wallet funds.
It's profitable to whoever takes their time to sell your hope for a dime over and over again.

There is no purpose other than to hoover your wallet after everything is done.

many people think that the shiba token will replace dogecoin someday, I think it's only natural that it will happen if SHIBA developers are committed to developing SHIBA. this has been said by the SHIBA developer in several articles, including he is committed to burning tokens and working to continue to build his ecosystem.
I think if the developer is committed to making shiba superior then it is very likely that shiba will become a competitor to Dogecoin in the future.
https://voi.id/teknologi/75245/pengembang-shiba-inu-konfirmasi-burn-token-shib

I don't think so.

They appeal to two different camps. Even though they are both meme coins I think that the target audience is just so different.

Also, Doge has been along for quite a while more and has actually got some integrations with merchants, exchanges, etc. that SHIB simply does not have. And not to mention the massive premine that Vitalik holds of SHIB.

There are gamblers and investors, the gambler buys and sells based on everyone else, the investor holds for the long term and rides the waves. I am waiting on my .02 cents or .10 for this coin but I believe it could be a few years.

Shiba Inu project ( https://shibatoken.com/ ) really became very popular. I’ve read that it was created as Dogecoin duplicate to become “Dogecoin-killer” (maybe this made it popular – not all traders like meme Dogecoin). But for me Shiba looks completely like all that huge amount of scam coins that have emerged around hype that Elon Mask’s made by advertising Dogecoin and his Shiba Inu dog named Floki he tweeted about. There suddenly emerged: Shiba Floki, Mini Shiba, Floki Inu, Floki Shiba, Super Flocki, BabySpaceFloki. Elon’s fans really gone crazy creating all that scam meme-coins. But I’m more surprised that traders invest in all these scam.

Shiba Inu has a very high trading volume, therefore it is not really a surprise that the big exchanges are listing it because in the end they want to make money in the form of trading fees and they don't care if those fees are coming from "real" projects or from meme-coins (sh*t-coins) like shiba-inu.
Of course the price of shiba inu pumped once the news came out that it will be listed on coinbase but now the price is steadily going down again because in the end shiba inu has nothing to offer, it is just a meme-coin with no use case and it will never overtake Dogecoin because dogecoin will always have the advantage of being the first meme (sh*t) coin.
So i don't think that many will fall for your poor shill-attempt.

maybe it will be the same for the long term could be better. but in the implementation of the market. I guess dogecoin has better usage anyway. while Shiba is still unclear what they are in the crypto industry for. but what is clear, support for both is still quite large because the market that supports them is also extraordinary.

You are right when you say he might play a game in the coming days, yes we are already expecting that, he's earliest tweet about Shib has help the price before, Elon musk is playing politics with crypto, but I don't think their will be much more price pump expected from Shiba, because almost everyone is waiting for it. Doge took us on aware.

I don't understand how DOGE and SHIBA will compete with each other? Maybe it's just the discord between the two communities.
DOGE is a longtime crypto and the CEO of the project has returned to develop the project.
Although SHIBA is new, it has a very large and loyal community.
They are just meme coins with different development directions.

Memecoin is not to be chased like others, but to be used for a short time, so whether to become a millionaire or not, it depends on when you start it, if you start early, then you will most likely become a millionaire, but if you start too late, then you will find poverty.

Elon Musk already tagged Shib Inu on his twitter account post and he even named it as Floki, then the Floki token appeared very quickly with very high volume in a few days on dextool, at that time all Elon Musk posts became the most awaited headlines by most of the community crypto. I'm sure there is potential for the Shiba Inu to reach the highest price but not sure when that will happen.

Shiba is just another meme coin that won't be profitable in the long run. And when it does, only for short term. So i'm not really convinced with the potential of this coin just like with dogecoin. Because as long as they remain to be memes, their future will always be doubtful.

Shiba is only good when someone hyped it just like what Elon did to dogecoin but when the hype is over, the coin that you think is in high profits will suddenly fall, leaving all those investors regretting.

Exchanges are businesses, and businesses are profit-oriented. Exchanges profit from small fees people pay for trading, so they're interested in making coins people want to trade available for them. It doesn't mean that SHIB is a serious token or anything, it's nothing personal. SHIB just got enough attention and people are interested in trading it, so Coinbase doesn't want to miss out on that. It's already being traded on Binance, Okex and Poloniex, so it's not like Coinbase is the first big industry player to list it, even. And, honestly, after the peak on May 11, SHIB is currently 80% down. I don't think we'll see it recover, so it's no really a tough competitor.