The Shiba Inu is the reason a huge percentage of cryptocurrency investors are in the market today. The coin growth in 2021 was mind-blowing after posting a 50,000,00% price increase, which attracted many investors. The coin made even the initial investors that had even $10 worth of SHIB tokens super-rich.
But the coin has been plummeting over the past 5 months, and crypto experts are not overseeing the coin rising again. That’s why it is said to be the end of the Shiba Inu era. But what has happened to the fastest-growing crypto coin of 2021 that is now collapsing non-stop?
Well, there are so many forces that have come into play to crash Shiba Inu. The first of them is lacking token utility. The second factor is the increasing number of competing crypto projects. Among the cryptocurrencies that have been said to kill Shiba Inu are Bitgert (BRISE) and Centcex. Read more below about these crypto projects:
Bitgert has been killing Shiba Inu with the huge massive utility that the Bitgert team is building. The Bitgert ecosystem is one of the fastest-growing and has a lot of disruptive products. Bitgert has already built a blockchain, which Shiba Inu has not. There is also the growing number of products the Bitgert team is building. The roadmap V2 has all the products the team will be building.
The huge utility and the speed at which the product is developing make Shiba Inu lose traction. In fact, there are many Shiba Inu investors that have been joining Bitgert in the past few months. With the Bitgert ecosystem growing larger, SHIB will continue to drop.
Another project that is killing Shiba Inu is Centcex. Just like Bitgert, Centcex has been working on developing one of the largest ecosystems in the crypto industry. In fact, the crypto experts say that Centcex could be one of the few projects that will compete with Bitgert utility. The Centcex utility growth is working against Shiba Inu.
So far, there is a huge number of Shiba Inu investors that have joined Centcex projects over the past few weeks. With the Centcex set to start releasing products, the hype will attract more Shiba Inu investors, and that’s how SHIB will continue falling. Therefore, the Centcex project development is significantly determining the performance of the Shiba token.
The Shiba Inu era is coming to an end, and all signs are there. The huge number of well-performing coins, like Bitgert. is expediting the crashing process. Important to note is that Bitgert and Centcex are utility projects, while Shiba Inu is a meme coin. This is the biggest difference that Bitgert and other coins have over SHIB.
The meme coin lacked utility and had no specific project the team was building. The demand for the coin was created by the hype from the massive market. That’s what happened to Shiba Inu. Now that the hype is dead, the coin is crashing. Unless the Shiba Inu team addresses these issues, the era of once the most powerful coin is ending.
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