Topic: SHIBA Fever (Read 397 times)

And the more we let this scam thing spread and continue their evil doings, the more it slows the adoption and the time will come that no new investors to try. I'm not sure if these people will change their attitude and ability to learn from their bad experiences as it was just like to see that they still fall into the trap.
DYOR is a thing to do and a must as this will be the tool to save them from getting scammed. But if they will never change and keep blind investing like these coins, and seems so hopeless.

To expect that at least 10 percent of these projects can live on is already optimism. In fact, 95% is pure deception and an attempt to play on the informational noise of the main project. The story with meme coins is developing extremely negatively, undermining trust and projects that do not belong to this. After all, people who have invested in growth then end up with a pumpkin.

Looking at the comprehensive list of those coins you will notice that someone of those coins is related to scam and them don't have potentiality the way I'm seeing it, immediately Shiba Inu is been launched and the project seen that is not going to do well people began to bring launch a similar project like Shiba Inu, all those coins listen are shitcoin and is confusing, nobody will know the real shiba coin specifically, people is just promoting them so that other people can be easily scam with those coins.

I know that there are many projects that copied the name SHIB/SHIBA but I didn't know that this is a lot. It really shows that there is a lot of meme coins/tokens well I only few coins I'm pretty sure were unsuccessful or only there for short term investment after all those projects were not as serious as SHIB since they are just exist because of the SHIB project.

I think even 50% organic is little bit overexaggerating, most of the projects are just the recycle ideas from the previous one who failed to make up to the final(although some of them are successful when doing the same ideas and make it better).

It's not just SHIBA, if you have ever seen hype things going up lately then you will definitely see new coins named after those hype things and people are easily falling off with this kind of things where it's easily recognizable as shitcoins.

Missed X? You can't miss Y!
Wait what? You missed Y?
You're in luck, we just released Z

You're right. The whole thing about Shiba are just clones. Even Shiba Inu is a great parody of dogecoin. But instead of seeing them as shitcoins, but why do these people are even making profits from it? There is good community that is behind Shiba so every time correction happens, its value does not totally fall down. And i think once this whole market recovers, Shiba will also be profitable again. But nevertheless, bitcoin will always on top of it as Shiba and Dogecoin are just temporarily hyped.

I think things like this should be seen how their intentions are behind it because even though they say confidently that their community is strong, but on the other hand there is always a double-edged knife there, because everyone wants profit and when it has been done why would they should be there again logically when they are lucky they will leave this coin and start again from the bottom.
not without reason, many things like this have happened and indeed the victims are beginners who just follow and believe that their community is really awake

I think the SHIBA has a big influence to attract the investors here in the crypto space.
This was I had observed even it is new here still the they can still raise a fund in which I think
not bad to be consider. And I think the developer who's doing this is not alone instead they have a group
to do this in my own opinion.

Traders like that hype regardless of whether a coin is a shitcoin or meme. The volume is good so why they shouldn't trade that coin? It's the best opportunity to join the fun since the price is swinging regularly. But the thing is, they like SHIB just because of that. Not because it will reach $1 someday or something this coin has a fundamental use-case.

Take it or leave it.

Just like on those projects that do make use of ERC20 as well which had been flooding out on the entire market and still getting some considerable value despite on copying or using up other chains which it isnt

that surprising that there would be some significant support despite of being a copycat because investors could really be having different decisions towards their money whether they would be focusing
on something which is new into their ears or jumping into those current trend and hypes that currently be heard into the market on where they do make out directly on board
and fear on missing out the possible opportunity.

All of them are clones or copies of another concepts, including the one you mentioned as the original Shiba Inu, because it's a blatant attempt to take advantage of the Doge hype. As we can see Shiba developers even copy the dog logo from Doge and the pseudonym style of bitcoin creator, but instead of Satoshi, Shiba creator nickname is Ryoshi.

And now they plagiarize Binance and Uniswap as well.

wow! just read this thread and i didn't know there are so many shib-related projects already and still counting even shib dexs. wonder if they will survive long or are there really traders on those dexs? newbies should be very careful investing on these because most of them will disappear once their respective "devs" pocketed some money. for now, they are still on the hype mode, but it will not be long and they will see the true picture of these shib related projects

Even their is many shiba,Shiba inu is the unique one.You can inverse your money.Because the project accepted by many investors.Specially the new traders.But i had 10 million of shiba in my wallet over  months.But the price pumped after the shiba inu was sold.It make some disappointed to me and I had lost the chance of winning.

Crypto is 50% hype, 50% organic. The 50% hype is what is including that Shiba fever. Its the hype that drives the coin, with little or no use case or MVP. Sadly that is what is driving most shitcoins/meme coins and many other altcoins. We have to get real

As long as there are people that will not use their common sense and obvious thinking, there are always be people that will fall on that kind of scheme. Can't imagine that with simply putting the name of SHIB, others will think that it's a legit project and will skip doing DYOR to verify anything.

I'm not a bad person but I think sometimes it's good to see people falling on that trap. Without the worst experience, they will not learn their lesson. Others are even willing to pick a fight because of that argument.

The market has been flooded with SHIB fake projects and I hope people could find the right one, and not fall into this group of clone projects.
I can't really imagine seeing these numbers, 66? It is probably there are more to come in a few days from now. What I think is that we need to have some regulations to combat this kind of activities, were not making them fully stop but at least we are trying to minimize them and not to ruin the image of the market as this could lead to that particular once tolerated.

It's getting a bit out of hand now.

But oh well, this is the cost of having fast, cheap transactions and token creation capacities at the disposal of retail investors. And if anyone is actually stupid enough to be pouring money into these things, they probably deserve their fate anyway.

None of these projects have any intrinsic value, hopefully people understand that.

Wow, that's kind of a funny list, I am surprised that in fact, there is so many SHIB coin name on the lists.
And those are hype coins only.
As other members say, there are so many people who have very high profits from these coins. But we also can acknowledge that there are also so many people who are losing money because of those hype coins.
All we know is that hype coins, coin fever is very dangerous moreover for newbies or for everyone who never trades this kind of coin.
Moreover, most of them are only following the hype promotions, feeling FOMO when they are not included, they are also traped on the blunder of dropped price again and again, but they are still trapped on the promotion to Hold.

I personally never have those coins, only ever trading Shiba Inu itself. But for a short moment only.

Since Shiba Inu was introduced in the market, it gained a huge investors especially when there was Elon's tweet just few months back. Meme coins have been piled up. I have invested in Shiba Inu. I am sure meme coins will certainly yield profits. I have been following Doge since 2017 and yes I am sure Shiba Inu will be the other meme coin receiving more investors into it and we can observe the trading volume increase as well. Atleaset out of all these Shiba coins, few Shiba coins will slowly grow.

This is a choice, because like it or not it doesn't mean we can't be there.
I personally I don't like this coin but I was in it only for my own personal gain some time ago, and it's proven because my assets increased several times there.
it all depends on the momentum and how clever we are in taking action.
regardless of scam or not all back to their respective perspectives

When you do gain up sufficient experience you would really be aware on any of it.From hypes to trends which it is really normal that you would find out new projects that pops out just like mushrooms.

Whenever theres a new interest in the market then expect that it would really be something like this on where lots of similar names will surely be created that's why we should really be careful on this one because it would really be surely costing you money if you are careless with your decisions.

Its not bad on dragging yourself in hype but you should be wise on making out decisions.

I both agree with you and disagree at the same time. I agree that traditional markets could mock us for investing into shitty memecoins and they are right about that, but the fact that we are free and they are ruled by the elite, I would say that I rather invest into a shiba copycat useless shitcoin then investing into something in fiat that they control. Not that my investment will make me richer, there is a good chance most of those shitcoins will go to very low prices and make the investors lose money whereas those stocks will go up and make the wall street guys richer.

However, the idea of being controlled by a centralized place versus being free on a decentralized world is very clearly the reason why I am here. It is not about how silly an investment is, it is about how free we are to do whatever we want and rule it all equally instead of whales being able to change the rules. They can manipulate if they want to, they manipulate the stock market as well anyway, but they can't change the rules.

Most of the Dev are engaged in using the name Shiba in their projects so that they can also get the benefit of Shiba. Right now most of the meme coins are named after Shiba and wanted to take the advantage of this name even many newbies are expecting the same from such meme coins but the fact is just the opposite and one should avoid following such projects blindly or others opinions. One must do proper research before joining such meme coins projects So I would say SHIBA name fever is very high. These meme projects just want to capitalize the name of Shiba for their projects.

If you just realized now then you have left some interesting info here
But actually something like this is very reasonable because indeed they and influencers on behalf of the community always do this in the advertisements they run and indeed their goal or aim is fomo and beginners who start with hype, and I'm sure more and more people are there. there more than 50% of them are beginners and fomo who always take advantage of this for personal gain solely on behalf of a large and strong community even though all are looking for profit there

Only 1% of all meme coin lists make a profit, while the waste is either nowhere and just a hotbed of scams. There will be no guarantee whatsoever for investing in meme coin. Shiba fever since Elon Musk said "NONE" and the pumps were made continued by the Shiba team and fans. From there the scammers have a place to find food. Giving the lure as if everything will be fine. It is unfortunate that not a few investors or beginners who are new to the world of cryptocurrency are trapped in the valley of coin memes.

sorry I'm anti shiba. for me the whole of the project or platform that uses the name shiba is a scam. back to a few months ago when shiba bulls were high and the cause was Elon's tweet, this made me dislike and believe in shiba's future because the big price changes were influenced by Elon Musk.

right i think the name of the existing project shiba branch is the parent one. indeed shiba the team has made a big profit and what they make from shiba coins, switching to turning money makes shiba meme coins more and more the founders of the coin are just the same, just like others like kisuinu they make many branches like the list above like shiba.? What I'm surprised about is that many people are still enthusiastic about saving the meme coin.?

Shibswap is a part of the Shiba Inu ecosystem. It's their native decentralized exchange. Not some random exchange that is using the name of Shiba. Only one or two of those Shiba coins will survive, while the rest will end up dying once the meme hype is over. Just look at the trade volume of the most of the coins you have mentioned. They have almost none. They aren't even listed on any exchange. They can only be traded on Dex. Most of them has no liquidity and others are easily manipulated by the developers. Avoid all those coins.

This list of yours just proves again, that the crypto market is crazy and sometime i even think that we as the crypto space in general deserve that the traditional financial markets don't takes us seriously. All that meme-coin craze in the last few months showed the bad side of the crypto space again for me. People saw that Dogecoin was pumping because of the tweets of elon musk and then they started to copy that and made meme-coins themself. Shiba-inu was probably the most successful one of those copycats but all other second generation meme-coins are pretty dead already again and i am also sure that from your list only 1 or 2 will still be here in a year.

People are going where the money is and developers are taking advantage of people who are looking for a meme coin to invest in, Shiba is in hype right now and because of this developers are creating imitation, Shiba is imitating Dogecoin and we have many projects now imitating Shiba, we'll see if the trend continues in 2022 or we'll have another trend.

As long as there are at least one dump investor keeps on looking for random shitcoins for their investments, I am sure about some scammy devs will keep on launching such craps for sure. When no one will be bothering about such kind of crappy things then such devs will get into some other works rather than disturbing this crypto space with their scam attempts.

I do not think so; have seen thousands of such repeated/scammy projects for whatever reasons but this crypto space keeps growing on its own space. So, I am sure when more people will be aware of such B.S then the disturbances even in short term will be eliminated.

IMO, that was truly a Shiba fever, base on that list its too many Shiba copycats in the crypto market, anyway, the name Shiba has gone so far already it's more than hype because it was adopted by million holders so it's not a joke anymore because the meme coin is one of the best performing cryptocurrencies in 2021 correct me if im wrong. Shiba Inu will compete directly with Dogecoin and let us see who's the best.

Is this your first time to notice that Shiba Inu is very famous for newbie traders and FOMO boys? There's a lot of project that name after Shib the day it became famous and listed on Binance just like what happened to DOGE. Investors want to find something new so that they will have high chance to get the early profit. That's why a lot of new project sprouting daily that using a famous project to there project name so that it will looks like they are connected and for SEO purposes also.

When the hype of meme coins started, many scammers who wanted to use this hype for their enrichment, launched different projects that contained words like Shiba, dog, doge etc. There were a lot of newbies who had FOMO so they invested in those projects and actually more than 95% of them were scams, the rest of them just were not as popular as their predecessors.

Today there is more than 80 projects sharing names with shiba and it doesn't stop there even doge name joined in, this makes me remember 2017 where many projects named after bitcoin and today 99% of them died, I believe same thing will happen to these shiba projects once bear market comes again

We cannot stop them from doing this since they are making money out of it, what we can do is to avoid those shitty projects and do our own work to analyze every meme tokens and know where to invest. I admit that I also bought some of those meme tokens, not because of their potential in the market but because of the hype and I know there's money there especially if you got early. I can say that its really profitable, I just feel sorry to those who are trap on those fake projects and lose money.

Sadly, yes, many are looking for ways to make a quick money thru this meme coins, very easy for them, both the devs and then the experienced investors.

Create a token, publish it, market in the right platform and then boom, price goes up, sold your tokens when the price is still high, takes profit, easy peasy. So with that said, I'm not into this meme coin, would rather put my hard earn money on solid and legit projects.

It's so damn weird where people are actually investing and hyping up meme coins rather than those projects that really has use cases.
This is an obvious indication that a lot of people really wants to have an easier way to make money even If it has a very risky status.
As a result, other people also wants to take advantage of the fact that a lot of people are willing to put their money to a project that has no real use cases but just a hype and joke tokens.

Damn, so they really saturated the market place with this nonsense meme coins?

And now they have an exchange to really back it up? Lol, This is really terrible and shows the state of the crypto market right now, it's all hype and money grabbing ways for those who knows how to make money and victimized a lot of crypto noobs who think that they can make huge profits too with this Shiba hype.

Bet you are right, it's a Shiba fever, and yes, it can surely disturb the market, but give it sometime, maybe in less than a year, everything will die down, Lol.

And that is really the nature of crypto, specially hype and meme coins like shiba, in the beginning it can really make you a lot of money. But if you are late in the hype train, chances are you are going to be trap if you didn't get out in time.

Noisy projects that have shown good growth and brought a lot of income to users will always have clones and there is nothing wrong with that, it is much more dangerous and what really causes concern is scammers who pose as real developers and deprive people of their savings.

That is just another example and i would say a very shocking and sad example, of how stupid and hype based the crypto market is and i would not even call them projects, because they are just blatant copy and paste tokens with 0 effort put in and i am glad that most of them have zero trading volume and no future. I also think that it is time for all those crypto overview sites like coinmarketcap and coingecko to stop listing those projects immediately because it just blows up those sites and makes it harder to find the real projects that have a use case and that are trying to do something new. Once those meme-coins survive a week or two then they can be listed.

that's so a lot and I was hysterical to see it ! the use of the name shiba to attract interest of the community is very popular a trend that is still ongoing ,but when the price conditions are high my concern is a big dump ,I'm confused why people invest in meme coins as hypnotized by it
real adoption on restaurant for pay is very interesting but fiat is still right to use for payment because of the stable price with peanut menu

Almost everything is connected with AMC Theatres and it could bring even more people to the crypto space. I do hope that it doesn't go bad like the other rug-pull scams made by other coins.

Should I change my mind about Shiba with this? Because people understand its real value by using it?

Coins with almost the same name and just doing a similar concept to the ones that already exist are scams and very bad to choose from, and in this case I totally agree with what you are saying because of all the tokens that are served up, most of them are fake ones adopted the name Shiba, and that was just to attract everyone who didn't know it.

If there is hype around any sphere, developers pick up this wave and try to create something similar. More often it is going to be a scam and people that are attracted by the similar name and have FOMO, start investing without doubting. Actually, it is a bad way of working, it is much better to do your own research and look for something new but not trendy so far.

It seems the developer from each project uses the Shiba word wants to use the moment from the increases of Shiba because they think that if they create another project using Shiba word can attract the investors to invest in their project.
If their project does not have something different or benefit their investors, traders, or people, their project will not achieve what they want instead will only scam people by getting their money and running away.
People need more attention to always research to find the right project so they will not become the next target of the fake project because it is difficult to identify the scam project.
Only research will stay away from the scam project, so be careful when you invest your money.

I think like the other platform or project that has been trending the last few years back, it will also get old and another new project will overtake it. But right now, they all have the means to get that popularity since everyone has been talking about how successful they are investing in one of the SHIBA projects. I wonder, up to how long it will last, and do we still have a chance to choose the right project to invest in?

Each of those coins have a community that promotes it, and most of the people on the community are just aiming for quick profits not because they really support the project because they already know the projects is just a hype with no clear future plans.
I think this kind of things is gonna always happen in the future because nowdays the ease of token creation make everybody could make a tokens.
As an investors we should be more aware of those kind of project and choose the real project to invest

There is more possible chances of rise for some reason. Recently AMC Theatres CEO made a poll on Twitter regarding the adoption of Shiba as payment into the business. In the poll 87% have favoured Shiba.

Days back one of the restaurant in Paris named Bistro have begun to accept Shiba as payments. This is more a positive news and helps in making more real-time usage of Shiba. So, there is more space for Shiba to grow as people are much into the hype than understanding its real value behind development.

A lot of people have recently become millionaires because of it. It's that kind of coin. I wasn't able to ride that train, but it's fun seeing it. Regarding its popularity, it's just continuously being talked about, and maybe it's just serving a purpose that we don't know what's behind it. Perhaps a good reference to why it is like this and why people have believed in it.

Do you think it will continue to rise with its current hype and situation?

66 projects were named after SHIBA INU including two exchange ShibaSwap and Shibance.

SHIBA INU - SHIB
Shiba Floki - FLOKI
Shibanomics - SHIBIN
SHIBAVAX - SHIBX
Shiba Girlfriend - SHIBGF
Shibaverse - VERSE
Shiba Fantom - SHIBA
Shibanomi - SHIO
Shiba Watch - SHIBAW
ShibaZilla - SHIBAZILLA
ShibaPup - SHIBAPUP
ShibaWallet - SHWA
ShibaRocket - SHIBAROCKET
ShibaCorgi - SHIBACORGI
ShibaZilla - SHIBZ
SHIBAWITCH TOKEN - SHIBAWITCH
Shibaken Finance - SIBAKEN
ShibaNova - NOVA
Shibance - WOOF
Shobacock - COCK
ShibaCash - SHIBACASH
Shiba BSC - SHIBSC
Shiba CORP - BSHIBA
Shiba Puppy - ShibaPuppy
ShibaMOON - SHIBM
SHIBA RISE - SHIBARISE
Shiba Link - SLINK
Shibal Inu Moon - SHIBAL
Shibance KCC - KWOOF
Shiba BCH - SHIBBCH
Bone ShibaSwap - BONE
KingShiba - KINGSHIB
Green Shiba Inu (new) - GINUX
American Shiba - USHIBA
PumpShibaX - PSHIBAX
My Shiba Academia - MSA
Spooky Shiba - SPOOKYSHIBA
Baby Shiba Inu - BABYSHIBAINU
FeedEveryShiba - FES
Ghostface Shiba - GFSHIB
Floki Shiba - FSHIB
Baby Shiba - BHIBA
Pixel Shiba Inu - PSHIB
Jomon Shiba - JSHIBA
Kaiken Shiba - KSHIBA
RedShiba - REDSHIBA
GameFi Shiba - GAMEFI
Gambler Shiba - GSHIFA
Papa Shiba - PHIB
Pink Shiba Inu - PINKINU
DaddyShiba - DADDYSHIBA
MicroSHIBA - MICROSHIB
miniShibaToken - MINISHIB
Queen of Shiba - QUEENSHIBA
Nano Shiba Inu - NANOSHIBA
Kuro Shiba - KURO
Green Shiba Inu (old) - GNU
Mechashiba - MEC
Sushiba - SUSHIBA
wShiba - WSHIB
NFTShiba.Finance - NFTSHIBA
VESPA SHIBA COIN - VESPASHIBA
Mini Shiba - MINISHIBA
Baby shiba rocket - $BSHIBR

Exchanges

ShibaSwap
Shibance

Other than very few, none has got good volume. Just with a dog 🐶 why is this hype. Compared to the marketcap Shiba at present is constituting around 1.7% which is big from a memecoin. This kind of coins will surely disturb the market in the long term for different reasons.