Post
Topic
Board Speculation (Altcoins)
Re: Shiba Inu token, is there a future for this?
by
Silberman
on 10/07/2024, 23:39:36 UTC
In my opinion, Shiba Inu is a memecoin that has quite good potential and popularity, but I am not sure whether this memecoin can grow and develop well in the future, considering that the supply of memecoins is very abundant and unlimited, therefore I am not sure if Shiba Inu can compete with altcoins in the future,
I am no so sure about the amount of potential shiba inu has anymore, after all we are talking about a coin that has a market cap of 9.6 billion dollars already, so how high can it go? Even if we were to assume it grew 10x during this bull run, that is not really a lot for a meme coin and all of those that are interested in investing in those kind of coins, then at best I could see this coin pumping once and then it may remain stagnant for a very long time.