Topic: Shiba Inu turns into privacy coin like Monero or ZCash? - page 6. (Read 1409 times)
That is a very good update, which Shiba Inu coin has many more use case as time apply. Therefore, Shiba Inu we surprised many investor's in a second time, from the early investors that made a lot of profits, and possibility of Shiba Inu turn into privacy coins like Monero or ZCash, is possible, because Shiba Inu coin is a cryptocurrency that has strong community in the ecosystem.
really? if it become privacy coin, thant it will get delisted in most or all cex. like monero now.
it also reduce speculator
it also reduce speculator
Shiba inu is still Memecoin and even Shiba Inu is said to be a metaverse coin too,
it's great that Shiba can provide a new level in their fundamentals,
so in the next bullish season of course I'm sure Shiba will follow in Doge's footsteps.
While it's difficult to predict exactly how Shiba Inu will perform in the future, it's certainly possible that it could see a similar surge in popularity to Dogecoin during the next bullish season. However, it's important to remember that investing in cryptocurrencies always comes with a degree of risk, and it's crucial to do your own research and make informed decisions when it comes to your investments. it's great that Shiba can provide a new level in their fundamentals,
so in the next bullish season of course I'm sure Shiba will follow in Doge's footsteps.
from here we can see which meme coins are good and which meme coins are not, shiba inu is one of the meme coins which in my opinion is quite good and consistent in the process of developing, and shiba inu has great potential in the future, if shiba inu can continue to adapt to keep up with current development
It showed growth only thanks to unrealistically expensive marketing. Advertising of their token could be found at every turn. That is why so many people bought it. In general its growth will be only if one of the whales holds a lot of tokens in their hands. Only then will he be able to repeat the history of DOGE.
from here we can see which meme coins are good and which meme coins are not, shiba inu is one of the meme coins which in my opinion is quite good and consistent in the process of developing, and shiba inu has great potential in the future, if shiba inu can continue to adapt to keep up with current development
they still remain to be a meme token, wherein, its survival still depends on the team behind it.
Will add a little to clarify.Its survival only depends on the pump and dump that is done
Well indeed it is a pretty good breakthrough but I think something like this doesn't change anything for them because still they can't be removed from the pump and dump system even though they are now for example going up but in the end things like this happen it won't take long and come back to the initial price where they are below.
Why not, the transformation of the Shiba Inu into a privacy coin might make it more appealing to privacy-minded users, but the coin's long-term success depends on a variety of factors.
Privacy coins face regulatory hurdles and increased scrutiny from law enforcement agencies, which can make it challenging for them to gain widespread acceptance. Therefore, while a privacy-focused approach may appeal to a specific segment of users, it may also limit the coin's adoption by more mainstream users. Ultimately, the success of the Shiba Inu, or any other cryptocurrency, depends on its ability to provide real-world value and utility, whether that's through facilitating fast and low-cost transactions, providing access to decentralized applications, or offering unique features that differentiate it from other coins in the market.Privacy-focused cryptocurrencies may appeal more to users who are concerned about their online privacy and anonymity, but they may not be as attractive to more mainstream users who prioritize other factors such as speed, convenience, and ease of use. This can limit the adoption of privacy-focused cryptocurrencies and potentially affect their liquidity and value.
and if i may add, even if they added a privacy feature, we don't know to what extent they are really implementing the privacy protocol. they are adding such feature to sustain the interest of people. however, as you said, they still remain to be a meme token, wherein, its survival still depends on the team behind it.
Shiba inu is still Memecoin and even Shiba Inu is said to be a metaverse coin too,
it's great that Shiba can provide a new level in their fundamentals,
so in the next bullish season of course I'm sure Shiba will follow in Doge's footsteps.
it's great that Shiba can provide a new level in their fundamentals,
so in the next bullish season of course I'm sure Shiba will follow in Doge's footsteps.
We can't expect much of a utility for Shiba Inu, especially when it's a "meme" coin. The fact that there's quadrillion of tokens in circulation, tells us developers have no serious intentions with the project. It should decrease in value over time due to added inflation. With or without privacy features, SHIBA's market prices will stay just the way they are. Only a bullish market will help "pump" the coin a little bit. But it'll never reach $0.01 because of the reasons mentioned earlier.
Maybe developers will go as far as burning the token supply in the long run? If they do that, SHIBA could go all the way to the moon. Elon Musk changed Twitter's logo to Dogecoin's Shiba Inu mascot, so who knows if "meme" coins are set to rally soon? Just my thoughts
As for meme coins like SHIBA, it's difficult to predict their long-term prospects with any certainty. While they may experience short-term rallies driven by hype and speculation, they may also face significant volatility and market corrections.Maybe developers will go as far as burning the token supply in the long run? If they do that, SHIBA could go all the way to the moon. Elon Musk changed Twitter's logo to Dogecoin's Shiba Inu mascot, so who knows if "meme" coins are set to rally soon? Just my thoughts
Ultimately, it's up to each individual investor to carefully consider the risks and potential rewards associated with investing in cryptocurrencies, including meme coins like SHIBA. It's always a good idea to do your research, understand the technology behind a cryptocurrency, and carefully consider your investment goals before making any decisions.
Why not, the transformation of the Shiba Inu into a privacy coin might make it more appealing to privacy-minded users, but the coin's long-term success depends on a variety of factors.
Privacy coins face regulatory hurdles and increased scrutiny from law enforcement agencies, which can make it challenging for them to gain widespread acceptance. Therefore, while a privacy-focused approach may appeal to a specific segment of users, it may also limit the coin's adoption by more mainstream users. Ultimately, the success of the Shiba Inu, or any other cryptocurrency, depends on its ability to provide real-world value and utility, whether that's through facilitating fast and low-cost transactions, providing access to decentralized applications, or offering unique features that differentiate it from other coins in the market.Privacy-focused cryptocurrencies may appeal more to users who are concerned about their online privacy and anonymity, but they may not be as attractive to more mainstream users who prioritize other factors such as speed, convenience, and ease of use. This can limit the adoption of privacy-focused cryptocurrencies and potentially affect their liquidity and value.
Privacy coins face regulatory hurdles and increased scrutiny from law enforcement agencies, which can make it challenging for them to gain widespread acceptance. Therefore, while a privacy-focused approach may appeal to a specific segment of users, it may also limit the coin's adoption by more mainstream users. Ultimately, the success of the Shiba Inu, or any other cryptocurrency, depends on its ability to provide real-world value and utility, whether that's through facilitating fast and low-cost transactions, providing access to decentralized applications, or offering unique features that differentiate it from other coins in the market.
We can't expect much of a utility for Shiba Inu, especially when it's a "meme" coin. The fact that there's quadrillion of tokens in circulation, tells us developers have no serious intentions with the project. It should decrease in value over time due to added inflation. With or without privacy features, SHIBA's market prices will stay just the way they are. Only a bullish market will help "pump" the coin a little bit. But it'll never reach $0.01 because of the reasons mentioned earlier.
Maybe developers will go as far as burning the token supply in the long run? If they do that, SHIBA could go all the way to the moon. Elon Musk changed Twitter's logo to Dogecoin's Shiba Inu mascot, so who knows if "meme" coins are set to rally soon? Just my thoughts
Why not, the transformation of the Shiba Inu into a privacy coin might make it more appealing to privacy-minded users, but the coin's long-term success depends on a variety of factors.
Privacy coins face regulatory hurdles and increased scrutiny from law enforcement agencies, which can make it challenging for them to gain widespread acceptance. Therefore, while a privacy-focused approach may appeal to a specific segment of users, it may also limit the coin's adoption by more mainstream users. Ultimately, the success of the Shiba Inu, or any other cryptocurrency, depends on its ability to provide real-world value and utility, whether that's through facilitating fast and low-cost transactions, providing access to decentralized applications, or offering unique features that differentiate it from other coins in the market.
Shiba Inu (SHIB) is a cryptocurrency based on the Ethereum blockchain and has no privacy features. This means that SHIB transactions can be tracked on the Ethereum blockchain and do not offer complete privacy like Monero or ZCash do.
However, it is possible that the Shiba Inu development team may add privacy features to their cryptocurrency in the future. But at the moment there are no official statements about this direction of development of the project.
However, it is possible that the Shiba Inu development team may add privacy features to their cryptocurrency in the future. But at the moment there are no official statements about this direction of development of the project.
If it's true that the latest update will bring Shiba Inu like that, it will change the Shiba Inu from being a meme coin to a privacy coin which is better and clearer on purpose. Because compared to being a meme coin that only relies on pumping, it would be better for Shiba Inu to be a privacy coin that can be used by people for faster and anonymous transactions globally.
If it becomes privacy coin then sure it’s popularity will increase dramatically however it’d no guarantee that price would go hike on that basis. If so monero would have been enormously high right now considering it’s Privacy properties. However, it got attacked by authorities many times for unfair transaction which were so claimed by authorities themselves.
SHIBA on the other hand got its popularity basically because of the meme competition and anti doge community. Now adding a feature which is entirely other side of its basic framework can only push it little further but not similar to the original privacy coins.
Shiba inu's popularity is extraordinary, it's just that this shitcoin coin becomes private according to it, it's even more terrible. We won't know anything about the concept of Shiba Inu in the future, which I'm afraid if the privacy of investors' money is lost because of something that isn't transparent. Yes, everything is a risk, but it must be researched againSHIBA on the other hand got its popularity basically because of the meme competition and anti doge community. Now adding a feature which is entirely other side of its basic framework can only push it little further but not similar to the original privacy coins.
I don't think the Shiba Inu coin is gaining popularity among true privacy coin advocates. The meme coin offers owners little or no value compared to more established cryptocurrencies.
According to the latest news, the next 2 updates turns Shiba Inu into privacy coin:
Is it on the whole possible to turn a regular coin into privacy one? And does that mean that its rate will now start growing?
- The non-custodial privacy dApp Bermuda announced support for Shiba Inu (SHIB) allowing its users to conduct anonymous transactions.
- The Shiba Inu ecosystem continues to expand as the community eagerly awaits the launch of the Layer-2 Shibarium protocol.
Is it on the whole possible to turn a regular coin into privacy one? And does that mean that its rate will now start growing?
Why not, the transformation of the Shiba Inu into a privacy coin might make it more appealing to privacy-minded users, but the coin's long-term success depends on a variety of factors.
I doubt that Shiba Inu will ever be able to turn into a privacy coin like Monero or ZCash. Especially because Monero and Zcash are already better as they are and Shiba Inu is not really a coin but rather a ERC20 token. Which means it does not have its own blockchain, unlike Monero, for example. And as its on the Ethereum blockchain, it will never be an effective privacy token. Furthermore, I would stay away from any coin/token which is being held by Vitalik Buterin. He already sold part of his SHIB, showing everyone that he does not care about Shiba Inu, and recently he started selling tokens he does not consider "culturally or morally viable".
I am certain that its better to stay away.
I am certain that its better to stay away.
I think so too that it is possible to convert ordinary coins into privacy coins by implementing privacy features, as seen in the case of the Shiba Inu. Consolidation of privacy features is a common trend in the cryptocurrency space as users are increasingly concerned about their transactional privacy.
The success of a cryptocurrency depends on a variety of factors, including its adoption rate, market demand and technology. Adding privacy features may increase the demand for coins, but it is not a guarantee that their value will increase. The value of any cryptocurrency is highly volatile and subject to market forces.
If it becomes privacy coin then sure it’s popularity will increase dramatically however it’d no guarantee that price would go hike on that basis. If so monero would have been enormously high right now considering it’s Privacy properties. However, it got attacked by authorities many times for unfair transaction which were so claimed by authorities themselves.
SHIBA on the other hand got its popularity basically because of the meme competition and anti doge community. Now adding a feature which is entirely other side of its basic framework can only push it little further but not similar to the original privacy coins.
Shiba inu's popularity is extraordinary, it's just that this shitcoin coin becomes private according to it, it's even more terrible. We won't know anything about the concept of Shiba Inu in the future, which I'm afraid if the privacy of investors' money is lost because of something that isn't transparent. Yes, everything is a risk, but it must be researched again SHIBA on the other hand got its popularity basically because of the meme competition and anti doge community. Now adding a feature which is entirely other side of its basic framework can only push it little further but not similar to the original privacy coins.
It is unlikely that anyone will ever take meme coins seriously. In terms of utility, they are inferior to many cryptocurrencies. Meme coins are often created quickly and without proper due diligence, which can make them vulnerable to fraudulent schemes and scams. This can put investors at risk of losing their money.
No one except Elon Musk and his followers will take "meme" coins seriously. They must be out of their mind thinking that such coins with hyperinflation are going to go all the way to the moon. SHIBA has barely touched $0.01, so what difference will it make if it becomes a privacy coin? If developers really want to make Shiba Inu useful, they're going to have to burn the token supply. Otherwise, don't count on SHIBA becoming as useful as BTC or ETH in the near future.
Governments are targeting privacy-oriented crypto protocols and services lately, so it would be best for the project to go forward without privacy features. You'll never know when governments will pressure CEXs to de-list the aforementioned cryptocurrency. We already have Dogecoin anyways, so why should we care about another copycat/clone? Just my thoughts
That's why investing in meme coins works on the early stage only and you have to withdraw very soon also, at the moment it gains the population. Don't wait for it to rise forever. It blasts quickly and then nothing happens. That's why I don't participate in it.
I don't see any reason for a meme coin like Shiba Inu to turn to a privacy coin especially now that the regulators are after such coins. Although having read through the comments, I was made to understand that it's just a third party app that is involved in the privacy thing and not Shiba Inu itself.
If some day Shiba Inu Devs decide to make it a privacy coin, I think it will negatively impact on the price. So it should just keep being a meme coin.
If some day Shiba Inu Devs decide to make it a privacy coin, I think it will negatively impact on the price. So it should just keep being a meme coin.
A third-party app would be the best way for Shiba Inu to obtain privacy features without having to worry about the regulators. That's because privacy would be more of an optional feature instead of something mandatory for users of the cryptocurrency. You can see why Monero and Zcash are rejected by most exchanges. That's because they enforce privacy by default.
Shiba Inu is a "meme" coin anyways, so don't expect anyone to take it seriously for day-to-day payments. There are billions of coins in circulation, making the prediction of $0.01 per coin a distant dream. Who knows if it fades away into oblivion as people move on to the next big thing in crypto? Just my thoughts
It is unlikely that anyone will ever take meme coins seriously. In terms of utility, they are inferior to many cryptocurrencies. Meme coins are often created quickly and without proper due diligence, which can make them vulnerable to fraudulent schemes and scams. This can put investors at risk of losing their money.
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