Quote from: Sethrey on April 04, 2023, 11:11:02 AM

Privacy coins face regulatory hurdles and increased scrutiny from law enforcement agencies, which can make it challenging for them to gain widespread acceptance. Therefore, while a privacy-focused approach may appeal to a specific segment of users, it may also limit the coin's adoption by more mainstream users. Ultimately, the success of the Shiba Inu, or any other cryptocurrency, depends on its ability to provide real-world value and utility, whether that's through facilitating fast and low-cost transactions, providing access to decentralized applications, or offering unique features that differentiate it from other coins in the market.

We can't expect much of a utility for Shiba Inu, especially when it's a "meme" coin. The fact that there's quadrillion of tokens in circulation, tells us developers have no serious intentions with the project. It should decrease in value over time due to added inflation. With or without privacy features, SHIBA's market prices will stay just the way they are. Only a bullish market will help "pump" the coin a little bit. But it'll never reach $0.01 because of the reasons mentioned earlier.

Maybe developers will go as far as burning the token supply in the long run? If they do that, SHIBA could go all the way to the moon. Elon Musk changed Twitter's logo to Dogecoin's Shiba Inu mascot, so who knows if "meme" coins are set to rally soon? Just my thoughts Grin