Quote from: Xal0lex on Today at 07:41:05 PM

Quote from: 7deadlyBTCIN on October 28, 2021, 06:28:34 AM

Community means everything in crypto space, there are many people who think that shiba coin won't enter top 10 on coinmarketcap well today we did it, now that we are in bull season I'm sure more surprises is coming, shiba is more than a meme coin do your own research before judging the project, Dogecoin that was loved by the community for few years now got flipped

I would not confuse the community, which helps in the development of the project and just a bunch of speculators who pumped up the price and then lowered it themselves. The community has nothing to do with it. It's only about the hype around this coin. Just like the hype around Dogecoin, which grew not because of the community, but because of Elon Musk's tweets, which provoked a crowd to buy.

Now Shiba is already on the 15th line and it is natural that it dropped out of the top 10, because from the point of view of usefulness this project is nothing. Just an empty shell, which was quite powerfully promoted.

exemplifying the power of the community on the shiba inu is actually not quite right, because I also feel that the price movements that occur in the shiba inu are also caused by the hype in this token. In fact, there is currently no good movement of this coin even though the token is said to have changed its function from a meme coin to a utility coin. even doge like that too. The rapid price movement is due to Elon Musk's encouragement, not purely from the community. it was proven that so far the development of Doge was not good enough until it was pushed by Elon Musk through his Tweets.
however, if you want to illustrate the strength of the community, bitcoin is the most obvious example of it.