Shiba Inu token, is there a future for this? - page 6.

sokani

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Activity: 616

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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.

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

Hello_Bubble_World

newbie

Activity: 36

Merit: 0

"we should be prepared for the bull" market
True. People need to remember Shib/USD$ (Alt/USD$) is easy to make profits in a crypto Bull market. Alt/BTC can be much harder to win when BTC is flying high.

Quote from: Bushdark on April 19, 2024, 01:20:16 PM

Quote from: Happy Waters on April 19, 2024, 01:12:14 PM

You can have fun trading even if it never goes way up again: Shiba Inu (aka "Shib") is not a normal die and go away token. This one had such a big group buying it, there is no need to forget about it completely. Good traders don't need "The Moon", they need to close out winning trades.

Shiba Inu has been a good tokens that is fixing extremely well in the market just like the senior brother Doge coin.
We can always trade it if we want but it is always advisable for us to know what we are doing so that we don't trade contrary to the trend which could make us lose more in the market. Win e the price of all cryptocurrency are down now, we should be prepared for the bull so that we can earn from the long bull that isnyet to come.

Coin_trader

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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.

Meme token value only derives from the market hype and not from real utility that will give benefits to token holders. Don’t expect something big in the future on project that promised wealth or profit when you just keep buying.

Be realistic, is a meme token looks like a project that will give a groundbreaking update in the future aside from the pump and dump scheme due to some traders that using this token as ponzi tools to take advantage to those traders that doesn’t any idea what they are buying.

It’s better to put your Bitcoin blockchain project rather than meme coin that is absolutely garbage.

crwth

copper member

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It can go down more if the hype surrounding it is somewhat decaying. It''s more likely to go down if the other narratives within the cryptocurrency world focus on other coins. I don't think Shiba Inu is one of them.

Maybe you could change what token you would invest in or you will stick to it?

Bushdark

sr. member

Activity: 1008

Merit: 262

Social media moderator/chatter

Quote from: Happy Waters on April 19, 2024, 01:12:14 PM

You can have fun trading even if it never goes way up again: Shiba Inu (aka "Shib") is not a normal die and go away token. This one had such a big group buying it, there is no need to forget about it completely. Good traders don't need "The Moon", they need to close out winning trades.

Shiba Inu has been a good tokens that is fixing extremely well in the market just like the senior brother Doge coin.
We can always trade it if we want but it is always advisable for us to know what we are doing so that we don't trade contrary to the trend which could make us lose more in the market. Win e the price of all cryptocurrency are down now, we should be prepared for the bull so that we can earn from the long bull that isnyet to come.

Happy Waters

newbie

Activity: 9

Merit: 2

You can have fun trading even if it never goes way up again: Shiba Inu (aka "Shib") is not a normal die and go away token. This one had such a big group buying it, there is no need to forget about it completely. Good traders don't need "The Moon", they need to close out winning trades.

Asiska02

hero member

Activity: 910

Merit: 686

Just view it like any other meme and that they’re mostly exiting the market and won’t be good for long term investment. It is a one chance investment, which means it can or cannot go your way depending on what the developers wants for the project on the long term. I don’t really see a lot of potentials in many of these meme coins that already made big names on the internet, i feel their aims are already achieved and won’t mind exiting the market if theirs no inflow into their project again or they can’t withstand the market volatile nature anymore. So trade them at your risk.

BitMaxz

legendary

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BTC price road to $80k

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.

senyorito123

hero member

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Merit: 505

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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.

Topic: Shiba Inu token, is there a future for this? - page 6. (Read 1066 times)