Shiba Inu token, is there a future for this? - page 5.

Ben Barubal

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Quote from: BitMaxz on April 19, 2024, 11:43:26 AM

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.

That's your opinion, and don't be too sure about what you're saying because I've seen many other communities that have said the same thing as you say to a crypto that in the end they were just embarrassed and they ate what they said to a crypto that they underestimated that they thought and thought that it was no longer worth or useful in the crypto market.

And then, if it's no longer useful in your opinion and vision, why, in one day, its ranking volume is playing 667 million daily in the market? Is this what you are saying useless? Then the market cap is around 15 billion dollars https://www.coingecko.com/en/coins/shiba-inu. That's why it is said that crypto assets are volatile because the market is unpredictable.

Odusko

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Quote from: senyorito123 on April 19, 2024, 11:23:12 AM

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.

Like seriously we can't tell if shiba Inu will become the treasured memecoin in the future, but what we should also be prepared for the the possibility of not making any significant growth if there is no protocol that will support the coin value, such as being a utility or rendering a fisible service to the supporters that can keep the interest a d usage of the coin in the future.

Rengga Jati

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Quote from: senyorito123 on April 19, 2024, 11:23:12 AM

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.

Whatever it is, it's a meme coin. If you ask what its function is, it's just meme coins, but its development will really depend on the community. And how news will make the coin able to survive and increase its market cap, so that the price also increases and in the end, sometimes it's the same, just hype is the answer. We know that this Shiba Inu brand is Doge's toughest competitor. where Doge became a coin that was very hyped back then. and indeed this coin has been around for a long time. So yes, it's natural that it's still there until now, in fact there are still many cases that make Doge survive and continue to grow. But when it comes to other meme coins, it doesn't prove or confirm enough.

goaldigger

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Quote from: Sophokles on April 21, 2024, 02:23:41 AM

The future doesn't build on air. A project needs to build a foundation that can not be shaken easily. Meme projects are mostly pump dump schemes, and if there is some utility in them, is that enough for them to survive in the long run? Right now, the driving force behind the meme project is hype and i don't find any other usecases. Some of the new meme projects are trying to make things interesting by introducing gamefi and other types of concepts. Another meme project, degen has its own blockchain. It looks like the meme category is evolving.

There’s a good foundation with SHIB and that’s why it remains the top meme tokens despite of having no usage at all, I guess once there’s a good hype at first you can have a good chance to stay longer in this market. We know the purpose of meme tokens is just a pump and dump scheme, but if they are serious about their project and if they introduce a more advance meme token, then I believe they can have a good hype which can help them to stay longer in the market.

ndutndut

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Quote from: senyorito123 on April 19, 2024, 11:23:12 AM

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?

It should be emphasized that meme coins have no future and are even useless. I do not recommend you to invest in meme coins, especially if you do not have a strong mentality and sufficient funds because the risk is very high.

Quote

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 meme coin market is currently in good shape, especially when the halving occurred, the growth of meme coins increased slightly, but you still have to be careful if the price of bitcoin still doesn't increase, instead it stabilizes and meme coins increase, you have to be careful because this is a trap. Even if you want to take advantage of the rise, you can choose the top altcoins that may be safe in the long run. Choose investments in altcoins that have potential, don't be fooled by fomo, this is the point.

doomloop

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Quote from: joeperry on April 20, 2024, 12:12:00 AM

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.

If we compare it to other tokens with use case, I won't say people are only hyping it but their interest on it is genuine which can last long term and so as the growth of the token. Few moments after the release of SHIB and its hype, many tokens are also created which we can say much better than it because they have the use case that we are talking about here and I'm sure many SHIB supporters have now transferred to them or even on a new trendy meme coin only. This is truly the reason on why SHIB is going down. Even though SHIB is surviving strong, I won't hope too much for it because like you said, tokens like this won't have a definite future.

Sophokles

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The future doesn't build on air. A project needs to build a foundation that can not be shaken easily. Meme projects are mostly pump dump schemes, and if there is some utility in them, is that enough for them to survive in the long run? Right now, the driving force behind the meme project is hype and i don't find any other usecases. Some of the new meme projects are trying to make things interesting by introducing gamefi and other types of concepts. Another meme project, degen has its own blockchain. It looks like the meme category is evolving.

AnonBitCoiner

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It is a meme coin and meme coins have no future in real life but in the past Shiba inu gave huge profit to its investors therefore it is considered as a good investment coin. Most of the people are still in favor of this meme token but I think if this token is kept longer then maybe after years it goes to a higher value than current.

One should not be too serious about meme coins investment but if someone still wants to invest in Shiba inu so they should use little amount for its investment instead of taking risk by investing large amounts. Most of the people want to invest in this token due to the little price but don't look toward the price but check about the potential and then invest.

Ultegra134

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I believe that this topic fits better in the altcoin discussion section, but anyway. I'm personally not fond of altcoins; I've never really bothered with them, and any involvement has been through Binance's launchpool projects; otherwise, I wouldn't invest in any. From how I see things, some provide great short-term opportunities, supposing that you're lucky. This is also the case with Shiba Inu; it's practically a copy of Dogecoin. Both are meme coins with no purpose whatsoever; they're driven by hype often caused by their communities or influencers (see Elon Musk with Doge), which may yield great results in a short time frame but seems unsuitable for the long term as it serves no actual purpose.

Jon pyagbara

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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.

senyorito123

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Quote from: poodle63 on April 20, 2024, 09:22:18 AM

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.

poodle63

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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.

batang_bitcoin

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Quote from: senyorito123 on April 19, 2024, 10:52:19 PM

Quote from: batang_bitcoin on April 19, 2024, 06:31:40 PM

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.

Quote from: senyorito123 on April 19, 2024, 11:23:12 AM

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.

joeperry

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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.

MusaMohamed

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Quote from: senyorito123 on April 19, 2024, 11:23:12 AM

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.

senyorito123

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Quote from: batang_bitcoin on April 19, 2024, 06:31:40 PM

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.

Quote from: senyorito123 on April 19, 2024, 11:23:12 AM

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.

batang_bitcoin

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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.

Quote from: senyorito123 on April 19, 2024, 11:23:12 AM

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.

Dr.Bitcoin_Strange

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Quote from: senyorito123 on April 19, 2024, 11:23:12 AM

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.

Stalker22

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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.

electronicash

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Quote from: sokani on April 19, 2024, 02:21:47 PM

Quote from: BitMaxz on April 19, 2024, 11:43:26 AM

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.

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