If we were to say today that the Shiba Inu will lose out in circulation a year or two in the future, probably a lot of people wouldn't believe this. Because currently the token meme trend, especially Shiba Inu. But if in the next two years the trend has changed, then this meme token is just a memory. Before the emergence of STOs, IEOs, even now NFTs, the first to appear were ICOs. I saw that almost most of the projects hit hard cap, and now ICOs are starting to be doubted after the trend of IEO and NFT.
I have been around way before ICO period as well, and there are coins from that period, and I have seen ICO period as well and there are some coins from that period as well, I have seen IEO projects become something and now NFT is something and people doubt that it will go on but I say a few will, surely it won't be hyped like today but it will be there. ADA was a ICO project if I am not wrong, after nearly 3 years it reached to 3rd place, THAT'S what meme coins potential is.
Look at Doge, it was literally nothing for years, nobody cared about it at all, and then one day it reached to all time high and nearly 70 cents each. I am not saying Shiba will do the same, it is near impossible for it to be that high, and I believe that Shiba will go down, however the argument against it is not that hype will die down, because even if the general hype dies, few projects could still stand.
Doge is in the market for a decade. Shiba out of hype has reached this level. The survival of these tokens were very minimal, because if popular person hasn't given a hype shiba would've been an unknown token that reached the coinmarketcap and got vanished. Just through the hype it has reached a level and from that it is getting onto further development of own blockchain and many more. How far this gonna be effective is unknown. However Shiba will be kept alive, whereas doge needs massive support to move forward.