Prominent Cryptocurrency Investor and Analyst Reveals Shiba Inu’s Bright Future
Among many cryptocurrencies, Shiba Inu has become one of the most influential “meme coins” with its unique charm. Although Shiba Inu’s veteran status is eye-catching, there are still doubters who worry that its future value may shrink significantly.
However, these doubts have failed to shake the confidence of “Crypto King”, the “King of Cryptocurrency”, in Shiba Inu. On the social media platform X, he firmly defended Shiba Inu, saying: “Veteran meme coins like $SHIB are destined to succeed.”
Senior investor supports SHIB and refutes the view of declining value
Crypto King responded to a commenter on the X platform who was skeptical of meme coins. The commenter believed that most meme coins will lose value in the next few years, and only two or three will be able to rank among the top 50 cryptocurrencies. Surprisingly, the commentator even predicted that Shiba Inu, the second largest meme coin and 11th largest by market cap, would lose the majority of its $13 billion market cap.
Crypto King, however, scoffed at this view as superficial. He pointed out that Shiba Inu has been accepted by many of the world's leading centralized cryptocurrency exchanges, providing retail investors with broad exposure to the digital currency. Therefore, he believes that Shiba Inu's foundation is much more solid than the outside world realizes. He further likened Shiba Inu's meme coin status to gold, in stark contrast to those newly discovered cheap gems.
A bright future for Shiba Inu
Shiba Inu not only has a vibrant community, its team members are also committed to promoting the real-world application of this digital currency. They have created a variety of practical uses for Shiba Inu through innovative ways, such as supporting projects such as ShibaSwap and Shibarium.
Currently, SHIB is trading at 0.00002317, and although it has declined recently, its position in the market remains solid. According to IntoTheBlock’s Global Fund Flow Indicator, SHIB is facing a resistance wall of $12.7 trillion and a support wall of $37.4 trillion. Although the trend of SHIB this week is still unclear, cryptocurrency experts say that in 0.Around 000023, SHIB is usually able to maintain strong demand.
