Quote from: Abiky on July 25, 2024, 01:53:07 AM

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

And yet, all those lower cap ones gets a rise for a brief moment, and then crash to oblivion, whereas doge still stays strong. Don't get me wrong, I never invest into doge neither, and I would not consider investing into it at this point.

However, if you ask me which one is better, some shitcoin called BONK or whatever, or doge? Then I would say that Doge is the one. It wasn't created to make the devs richer, that is literally what the current ones are, it was created as a joke, and even the dev doesn't have much, the current ones? Look at all the funding that current ones get, ask them to get financial audit, not just token blockchain code audit like what certik does, I mean a financial audit.

You will see that anything that was created after 2020, will be in so much trouble, why? Because they get funding, spend maybe 10% of it, and 90% goes right into their pockets to make them richer. You may think that doge has whales that hold it, but at least they are holding doge, these new project devs get your usdt or bnb or eth or btc, whereas they give you some shitcoin in return at launch. That would never make any sense in old days, and yet people love it nowadays for some reason.