Doge is just a memecoin as well. If you check the twitter of the creator you will see that dude didn't intended to create something this huge. He just did it as a joke in 2 hours and he was having fun with it, his intention was not to get rich but to have a laugh and that's it.
The reason why doge is so high right now is that there are tons of people who worship Elon Musk just because he is rich and unfortunately the world is filled with people with inferiority complex who love to worship big names and Elon just tweeted about doge all day everyday for a while and that made people buy doge, that's it. Which is why I assume that doge will crash eventually as well, when Elon stops tweeting about it, which he does a lot rare these days, then the price of doge will crash too.
Topic: What is the fate of SHIBA Inu, is this the end of the Road? - page 4. (Read 644 times)
Seeing from the current market movements shiba inu will not follow the flow of dogecoin that can occur significant increases, and for now shiba inu is just a meme coin that occurs an increase for only a moment and this will return to the lowest value and later there is no value anymore, then investing in shiba inu is currently worth taking into account because of the enormous risk, Although some analysts believe that shiba inu can achieve the highest value for the future, but this all depends on our belief in analyzing a coin.
I think it still has potential to rise and we have to be keep patient till the correction phase over. I don't think the growth is over because there is a huge supporting community of Shiba and dev is also very active and always try to list on maximum exchanges so it will bounce back but on the other hand I don't like meme coins.
it's called a market game and also there are many better and potential competitor tokens..
because of that starting to look at new tokens to find and get very many benefits.
because of that starting to look at new tokens to find and get very many benefits.
I was reading same type of story on another thread about SDOG coin.
"SnowdogDAO (SDOG), the first memecoin to launch on Avalanche, lost over 90% of its value yesterday in what many believe was the platform’s largest rug pull. https://www.google.com/amp/s/cryptoslate.com/avalanches-first-memecoin-sdog-ends-in-a-30m-rugpull/amp/ "
Such pumps and dumps have become part of crypto market. I think whales have taken there profit from shiba and have dumped it since after. Better buy some undervalued coin and invest in it for future gains.
No need for any technical analysis on these two. They're meme coins and it should be safe to say that the hype is done for these two. So if you're interested in investing in these two and you're only seeing the dumps then you have to make up your mind and think again if you want to still invest with these two. Not yet the end for these two but it's just the hype, they might stay for long and the market remains for these two but it's not that going to be the same as before.
Keep in mind that shiba is a coin meme, predicting this technically is not easy. Moreover, they grow because of hype and community. If these coins fall and their community is not strong then it will certainly be abandoned by their community. So it's hard to expect when this coin will go up like before. In the long term, it can be like a doge.
With my little experience in the cryptocurrency market, I know there's bound to be a dip after a pump. Shiba inu pump was quite substantial and the market correction has sent in. This is because some people are taking profits and that has been pushing the value low. This may be the end as some people think or we may be having a higher pump in the future.
It is possible that this meme coin will no longer regain its price position. SHIBA has grown significantly in price due to the hype, and sooner or later this will necessarily lead to a sharp irreversible price decline. Therefore, many who have invested their money in this worthless coin may lose their money. This was a predictable event.SHIBA may recover its positions for some time with the market growth, but this is already unlikely. If the holders sense that it is a dummy, they will discard this coin.
With my little experience in the cryptocurrency market, I know there's bound to be a dip after a pump. Shiba inu pump was quite substantial and the market correction has sent in. This is because some people are taking profits and that has been pushing the value low. This may be the end as some people think or we may be having a higher pump in the future.
It is possible that this meme coin will no longer regain its price position. SHIBA has grown significantly in price due to the hype, and sooner or later this will necessarily lead to a sharp irreversible price decline. Therefore, many who have invested their money in this worthless coin may lose their money. This was a predictable event.SHIBA may recover its positions for some time with the market growth, but this is already unlikely. If the holders sense that it is a dummy, they will discard this coin.
Right now we have some bearish trend in crypto market but hopefully this all will be change, and then we will have some better view about this also.
With my little experience in the cryptocurrency market, I know there's bound to be a dip after a pump. Shiba inu pump was quite substantial and the market correction has sent in. This is because some people are taking profits and that has been pushing the value low. This may be the end as some people think or we may be having a higher pump in the future.
It is possible that this meme coin will no longer regain its price position. SHIBA has grown significantly in price due to the hype, and sooner or later this will necessarily lead to a sharp irreversible price decline. Therefore, many who have invested their money in this worthless coin may lose their money. This was a predictable event.SHIBA may recover its positions for some time with the market growth, but this is already unlikely. If the holders sense that it is a dummy, they will discard this coin.
One of the most trending meme coin #Shiba Inu and Doge coin competitor has closed 4 day candle stick on Red now...the downward trend even looks more terrifying.
What's going on, any expert Technical Analyst on this one? Please, I would like to hear our opinions on this one.
Its already anticipated or expected that this would really fall down or decrease because this was driven with hype on the first place when Elon tends to make out some noise with meme coins and also with this one so its not surprising that it would really be going down.What's going on, any expert Technical Analyst on this one? Please, I would like to hear our opinions on this one.
We don't know if this one would be able to sustain or would totally crash out into the floor because everything would really vary or depend on the demand which it would be always the thing that do matters.
Lets not make out some conclusions yet and we might be still seeing some recovery.
One of the most trending meme coin #Shiba Inu and Doge coin competitor has closed 4 day candle stick on Red now...the downward trend even looks more terrifying.
What's going on, any expert Technical Analyst on this one? Please, I would like to hear our opinions on this one.
What's going on, any expert Technical Analyst on this one? Please, I would like to hear our opinions on this one.
Well, based on what I know about this coin of Shiba Inu, there are some of the merchants accepting Shiba Inu are one of the mode of payment to their, and even in some of the Franchise Mcdonalds if I am not mistaken they do accept shiba Inu as one of the mode of payment in online transactions. So, I guess SHIB is just only starting now.
With my little experience in the cryptocurrency market, I know there's bound to be a dip after a pump. Shiba inu pump was quite substantial and the market correction has sent in. This is because some people are taking profits and that has been pushing the value low. This may be the end as some people think or we may be having a higher pump in the future.
After reaching new ATH at the end of October and entering 9th place, Shiba Inu's performance continues to decline, maybe the old holders have already made a big profit so they sell and make a big correction for Shiba Inu, is this the end of Shiba? I'm sure not, they're setting up an NFT project so it will keep the usage of Shiba increasing and I don't hesitate to make Shiba a promising token.
One of the most trending meme coin #Shiba Inu and Doge coin competitor has closed 4 day candle stick on Red now...the downward trend even looks more terrifying.
What's going on, any expert Technical Analyst on this one? Please, I would like to hear our opinions on this one.
It depends on what do you mean by that, taking into account the popularity of those coins among some of the members of the forum I doubt they will disappear any time soon.What's going on, any expert Technical Analyst on this one? Please, I would like to hear our opinions on this one.
However if what you mean by that is that you think the short term growth that those two coins are experimenting during the last months is coming to an end, then you may have a point, however if the bull market continues and bitcoin keeps growing then those coins still have a chance to give you profits, however I think we are teaching the limits of what those coins can offer and as such it could be a risk to buy them right now, as those two coins are completely dependent on hype for their growth, and if the hype evaporates then the gains those coins have gotten will suffer the same fate.
The fate is obvious, the hype was huge and anyone who jumped during the initial period made a lot of money and the best is the developers who created the meme coin might be living in a yacht. I do accept the way in which they were able to hype the project and create interest. I thought no one would bite the hype but i was wrong all along as no one is bothered about the technical aspects rather everyone is here for profit.
I think it will be a little early now as the team is working on their future plans. There are a lot of issues that we should keep in mind but this is a meme coin and to make any predictions about it is a little unfamiliar to me given the current situation. You can't say about shiba inu at the moment because the team is working on it but it has not seen any increase in price for some time now. It has been continuously decreasing. so wait for sometime.
Probably, if the whole market recovers, then we will see more likely for Shiba Inu too as its also having a rough time right now having a continuous dump. As long as Shiba has a good trading volume and its community is still supporting it, then it will never be the end of its road. But still, we should always be careful investing in meme coins as they are more on hype, with its pump and its dump moments. Maybe investing with a small amount can do knowing it will only be good for short term.But the problem with most hypes is that once the community sees that the decline is continuous, they tend to move to another project.
Because we know this kind of project will not last long because they have no actual application that can cement their position.
So if they will just rely on the community shilling it for the hope of getting good profits, this can easily die.
I hope buyers will be smarter these days, and opt for much solid projects like ETH or BNB or SOL.
I think it will be a little early now as the team is working on their future plans. There are a lot of issues that we should keep in mind but this is a meme coin and to make any predictions about it is a little unfamiliar to me given the current situation. You can't say about shiba inu at the moment because the team is working on it but it has not seen any increase in price for some time now. It has been continuously decreasing. so wait for sometime.
Probably, if the whole market recovers, then we will see more likely for Shiba Inu too as its also having a rough time right now having a continuous dump. As long as Shiba has a good trading volume and its community is still supporting it, then it will never be the end of its road. But still, we should always be careful investing in meme coins as they are more on hype, with its pump and its dump moments. Maybe investing with a small amount can do knowing it will only be good for short term. 
I think it will be a little early now as the team is working on their future plans. There are a lot of issues that we should keep in mind but this is a meme coin and to make any predictions about it is a little unfamiliar to me given the current situation. You can't say about shiba inu at the moment because the team is working on it but it has not seen any increase in price for some time now. It has been continuously decreasing. so wait for sometime.
The normal meme coin is experiencing a steady decline until the end of this year and if it's not so popular again then investors will sell their coin slowly to reduce the losses that continue with the decline that follows. it becomes possible.
I just added a few dollars on the shiba inu and because it's only a small amount so the drop in the price is not very significant affect on my assets, this is normal when coin has pumped the price will drop even to 50%, as long shiba still have high volume trading on major exchange I'm not to worry because I'm more to long term.
Meme coins shouldn't be held for long term, they tend to go down very quickly and also the same about pumps as well, we should always look for the right opportunity to invest in meme tokens and then exit early so as to not become the one holding the bags when the coin falls to zero. Best advice would be to reap the profits as early as possible and then go to the next coin.But I agree with you that memecoin can be zero value if we are careless and too greedy to expect big profits without taking into the movement of the main coin or the current market conditions. Hit and run will be safer to reduce the risky in memecoin choice.
I don't think that applies to only meme coins as we have seen some other crypto projects go to zero however, I do also believe that Shaba Inu will still be around for a while even though we are witnessing a downward trend with the market price at the moment which also affects other cryptocurrencies at different times. I strongly believe that the Shiba Inu team is differentiating itself from other meme coins by launching a decentralized exchange called Shibaswap with 2 new tokens, LEASH, and BONE. All this along with its current position amongst other top cryptocurrencies market Cap. kinda show its determination to be around.
I think it will be a little early now as the team is working on their future plans. There are a lot of issues that we should keep in mind but this is a meme coin and to make any predictions about it is a little unfamiliar to me given the current situation. You can't say about shiba inu at the moment because the team is working on it but it has not seen any increase in price for some time now. It has been continuously decreasing. so wait for sometime.
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