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
As for meme coins like SHIBA, it's difficult to predict their long-term prospects with any certainty. While they may experience short-term rallies driven by hype and speculation, they may also face significant volatility and market corrections.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
Ultimately, it's up to each individual investor to carefully consider the risks and potential rewards associated with investing in cryptocurrencies, including meme coins like SHIBA. It's always a good idea to do your research, understand the technology behind a cryptocurrency, and carefully consider your investment goals before making any decisions.