What is the future of Shiba coin 🦊

Shiba Inu (SHIB) is one of the digital currencies that has achieved wide fame as a result of community support and media work. However, the future expectations of its currency depend on several factors:

1. Utility:

If new projects such as DeFi platforms, blockchain-based games, or integration into payment systems are developed, this may lead to an increase in demand for the currency.

The Shibarium project (Shiba Inu's blockchain) may be an important factor in increasing its value if it is widely adopted.

2. Community support:

Shiba Inu relies heavily on the supportive community. If this support continues or increases, this may contribute to price stability or increase.

3. The general market for digital currencies:

The digital market in general is subject to significant fluctuations, especially with economic influences such as central bank decisions and legal regulations.

If the market recovers in general, the price of SHIB is likely to rise.

4. Burning:

Efforts to burn coins to reduce the supply may increase the value of the coin in the long run if they continue at a high rate.

General Expectation:

Short-term: The coin is subject to volatility due to the impact of news and speculation.

Long-term: If the team succeeds in developing a strong ecosystem and increasing the utility of the coin, it may have a chance to grow.