Quote from: TastyChillySauce00 on July 11, 2024, 03:12:44 AM

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.

It's because people are losing interest in old "meme" coins like Dogecoin and Shiba Inu. The latter was created as a means to enrich developers (and early adopters) following the success of Dogecoin in 2021. That was the year Gamestop "meme" stocks surged to the moon (WallStreetBets), and Elon Musk praised DOGE. It marked the beginning of the "meme" coins craze.

People moved on from Shiba Inu to newer coins (tokens) like BONK and WIF. It's where the money is. Once new "meme" coins come out, previous ones will become history. I wouldn't expect much of a future for SHIBA. Dogecoin is the only "meme" coin that will survive because it's the original project that started it all. Why not buy some DOGE instead? Tongue