The comparison between Shiba Inu (SHIB) and other meme coins like Dogecoin (DOGE), Pepe Coin (PEPE), and Dogwifhat (WIF) has gained traction. However, Shiba Inu’s marketing lead, LucieSHIB, has been quite against this move.
LucieSHIB argues that comparing SHIB to other meme coins is misleading and overlooks each token’s unique aspects. Lucie emphasized that attributing success to a token simply because it is linked to the “SHIB people” is deceptive.
LucieSHIB’s Argument Against Comparisons
To counter the ongoing comparison trend, LucieSHIB highlighted the impressive growth statistics of Shiba Inu compared to other meme coins. According to the all-time growth chart, SHIB has experienced a staggering 394,500% price surge.
In contrast, DOGE has seen a 16,700% increase, PEPE has grown by 121.73%, and WIF has managed a modest gain of 303.59%. These figures indicate SHIB’s exceptional performance, further reinforcing Lucie’s stance against the trend of comparing it to other meme coins.
Yes, I’ll laugh and think you’re foolish if you compare any token to SHIB with only the bare minimum achieved.And yes, I believe you’re deceiving people by claiming a token is a success just because of “SHIB people behind it.”If you’re looking for real assets tied to SHIB,… pic.twitter.com/PwVVGAMFTx
— 𝐋𝐔𝐂𝐈𝐄 (@LucieSHIB) September 7, 2024
LucieSHIB also urged the Shiba Inu community to focus on the broader SHIB ecosystem rather than comparing it with other meme coins. She pointed out that real assets linked to SHIB, such as BONE, LEASH, Sheb, Shib the MV, and Shiboshis, offer more substantial value.
Lucie also pointed out that the SHIB team intends to include TREAT in this list shortly. Her comments reaffirm Shiba Inu’s aim of development and growth, making it a token that has a very strong foundation and very good long-term prospects.
Shiba Inu’s Market Performance
As of the time of writing, Shiba Inu was trading at $0.00001292 with a trading volume of $93.7 million. Shiba Inu currently holds the 13th position on CoinMarketCap, with a live market cap of $7,613,819,358.
The technical analysis of SHIB against the U.S. Dollar reveals a pattern of fluctuations within a narrow range, with the price generally oscillating between $0.00001283 and $0.0000131.
Source: CoinMarketCap
Notably, there was a dip and subsequent rise during the trading period, specifically around September 8th, which shows a rather fluctuating trading session. The general direction shows no preferences towards long-term gain or loss and seems to fluctuate securely in a constant undirectional middle ground.
Bearing this in mind, the MACD (Moving Average Convergence Divergence) and RSI (Relative Strength Index) point to low buyer or seller momentum.
Source: TradingView
The MACD indicator is bearish, while the RSI is at 40.58, which is a bit oversold. These readings imply that SHIB is in a consolidation phase and that the market should be observed for possible breakouts or further price declines.
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