Post
Topic
Board Speculation (Altcoins)
Re: Shiba Inu token, is there a future for this?
by
TastyChillySauce00
on 11/07/2024, 03:12:44 UTC
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.
Well that's the truth honestly, $SHIB already drained of its potential what's left is just some people trying to find good price to dump their holding

the shibarium which initially was the big plan for shiba inu to boost its value was a big flop
just around 6k daily transaction compare it to almost 2 million daily transaction of arbitrum with governance token valued less than shib market cap (it's the same Layer2)


so, huge bullrun that could cause meme market rally is probably the only chance shiba can actually make good gain with its large market capitalization.