There are a few reasons why people might think that SHIB is dead.
First
The token has been losing value steadily for months.
Second
There has been a lack of new developments or partnerships for SHIB.
Third
The overall cryptocurrency market has been struggling, which has dragged SHIB down with it.
There are also some reasons to believe that SHIB is not dead yet.
First
The token still has a large community of supporters.
Second
SHIB has been listed on several major cryptocurrency exchanges, which gives it more exposure to potential investors.
Third
The developers of SHIB have been working on a number of new projects, such as a decentralized exchange and a metaverse platform.
Ultimately, whether or not SHIB is dead is a matter of opinion. There are certainly some factors that suggest that the token is in trouble, but there are also some reasons to be hopeful. Only time will tell what the future holds for SHIB.
Here are some additional thoughts on the matter:
SHIB is a highly volatile asset, and its price has been subject to wild swings in the past. It is possible that the current decline is just another temporary setback.
The cryptocurrency market is still in its early stages of development, and there is a lot of uncertainty about the future. It is possible that SHIB could recover in value if the overall market takes off.
However, it is also possible that SHIB will never recover its former glory. The token has a number of flaws, such as a limited use case and a large supply. It is also possible that the hype surrounding SHIB has already died down.
Only time will tell what the future holds for SHIB.
