Is Shiba Inu Dead – Best SHIB Coin Alternative

Is Shiba Inu Dead – Best SHIB Coin Alternative 1

Last Updated on 2 hours by cryptoevent

Shiba Inu announced its stablecoin SHI, reward token TREAT, layer 2 protocol Shibarium and a metaverse – but SHIB price is still low. Is Shiba Inu dead or will SHIB rise again in 2022 or 2023?

After that, there was some bullish price action Timetable updates which made headlines in early July. Since the Shiba Inu 2022 low ($0.00000714 on June 18, the day BTC fell to $17,600 and Ethereum plummeted to $880), SHIB is up 70%. However, Ethereum has pumped 100% since then – ETH underperforming in relative strength does not bode well for an altcoin.

Is Shiba Inu dead?

SHIB price is $0.000012 today, up 16% in July and 4.75% this week – that is weak compared to its October 2021 bull run of 1236% (from $0.00000716 to its all-time high of $0.00008854), and considering Shiba Inu is still down 86% from his ATH.

Since early June, Shiba Inu has been trading mostly sideways in a range for what feels like years to Doge meme coins and similar alternative meme tokens for eight weeks now. It appears that Dogecoin is also dead, with few Elon Musk tweets about DOGE or SHIB – and the power of these to move the market has waned.

The buying volume hasn’t materialized with the recently announced upgrades and a wider range of utility and use cases – since these weren’t available from the start, investors might be skeptical that SHIB can break out of its bearish downtrend and start a new HTF uptrend.

Shiba Inu’s market cap is still over $6.6 billion (ranked 16th on CoinMarketCap), which leaves limited room for further growth — SHIB would need to flip popular DeFi projects like Avalanche, Polygon, Polkadot, and Solana to do so get into the top 10 cryptos. As well as stablecoin DAI, its closest competitor in market cap Uniswap, and of course rival memecoin Dogecoin at number 10.

Shiba Inu alternatives

In the long run, the best way to beat the crypto market is to invest in a coin — be it a meme coin or otherwise — at a low price (buy low, sell high) rather than buying the top, as many at Shiba Inu did end of 2021. When you hear your cab driver, barber, uncle etc buy a coin, it’s usually the end of her bull cycle, then she dies a slow death and bleeds away in value for months.

We reviewed ten upcoming presale tokens for this year, one of which was another meme coin Tamadoge (TAMA).

Tamadoge security

The Tamadoge Presale has undergone a Solid Proof audit

As a brand new crypto project, Tamadoge has a very low market cap and also has a much smaller supply than Shiba Inu – only 2 billion TAMA tokens compared to 1 quadrillion SHIB. Investors can also buy discounted at during the beta sale phase, which runs until September 2nd.

TAMA has play to take advantage of its offset – it’s a reward token in itself, earned by players using the Tamadoge Battle app to mint, train and battle Doge NFT pets to lead. Learn more about Tamadoge here.

Even if Shiba Inu isn’t dead yet, pre-sale launches tend to outperform coins that have already pumped — after a bull cycle, the reaccumulation phase can take several years before new highs are set. Even the strongest altcoin in crypto history Ethereum corrected by 95% from $1440 to $81 and took three years to set a new ATH – January 2018 to January 2021.

A similar trajectory would see Shiba Inu rebound to its peak and re-enter price discovery in late 2024 – after the next Bitcoin halving. Even that is not a guarantee as Shiba Inu does not have the utility level of Ethereum.

In general, the best investment strategy is to hold either BTC or ETH, or invest in altcoins at a low price and then take profits, sell them when depleted — and then flip into other projects. Presales and ICOs offer the lowest entry price. “Bagholding” an altcoin for years tends to be less than optimal, the only possible exception being Binance Coin (BNB).

Meme Coin News

  • Dogelon Mars Price Prediction 2022
  • Latest Meme Coin Tamadoge Launches Beta Presale – The Next Dogecoin?
  • Teddy Doge “Soft” Rug Pull sees $4.5 million worth of tokens skimmed
  • What is the fastest growing cryptocurrency

Tamadoge (TAMA) – The next big meme coin

Our rating

  • Beta Sale Ends September 2022 –
  • Deflationary, low supply – 2 billion
  • Go to Earn, Metaverse Integration on the roadmap
  • NFT Doge Pets – Potential for mass adoption
  • Play to Earn Utility – Rewards Tokens

learn more

The Is Shiba Inu Dead – Best SHIB Coin Alternative post appeared first on the Business 2 community.

Be the first to comment

Leave a Reply

%d bloggers like this: