Shiba Inu Price Analysis And Why People Are Abandoning It?






by Analytics Insight
Apr 4, 2022

Shiba Inu

The price of Shiba Inu has been plummeting non-stop since late October 2021, when the coin hit the current ATH. Since then, the SHIB has been plummeting non-stop for the past 5 months and even today things are not looking good for this coin.

The price of Shiba Inu is expected to rise from the current $0.00002676 to about $0.00000581. But looking at how the currency performed in the first quarter of 2022, this forecast may never be met. In fact, the $0.00008 ATH may never be met.

With the future of the Shiba Inu looking bleak right now and the coin price continuing to fall, investors have left it for other promising cryptocurrencies. That is why the number of Shiba Inu holders has fallen at a rapid pace, as has the market cap.

One of the projects that receive the most Shiba Inu investors is Bitgert (BRISE). This is the first crypto project to build a blockchain with no gas fee. The Bitgert price has also skyrocketed in the same time that Shiba Inu crashed. Centcex is also another project in which SHIB holders have participated. Here’s more about these cryptocurrencies:

bittersweet

Bitgert is one of the cryptocurrencies that is doing very well in the crypto market today. The coin has had one of the best price gains, and one thing that stands out about Bitgert is its ability to grow against the grain. Bitgert is one of the few crypto projects to skyrocket for most of the first quarter of 2022. This was at a time when Shiba Inu and many other major cryptocurrencies were crashing.

The growth of Bitgert has been driven by the quality of this project and especially the products. The Bitgert team built and launched the only gasless blockchain, which is still widely used. There is also a lot of development around the Bitgert blockchain, including the hundreds of projects being launched on the Brise chain. These are Bitgert developments that attract many investors including Shiba Inu investors.

Centcex

While Bitgert remains the biggest cryptocurrency to watch, new projects like Centcex are also proving to be a force to be reckoned with. Have you seen the kind of achievements Centcex has posted in the last 60 days? Well, the Centcex coin price grew several times during this time to reach a new ATH. This is at a time when even the largest coins plummeted.

Centcex is attracting the attention of investors because of its design that allows it to grow the token price organically and generate a lot of revue for the Centcex tokens deployed. This has been achieved by building multiple products for the Centcex ecosystem. With the multiple products that the Centcex team is building, it will have millions of users who will generate colossal strike revenue.

Shiba Inu

As mentioned above, the main problem of Shiba Inu is the falling price and reducing the number of holders. Shiba Inu’s market cap has fallen, bringing the coin back to #15 on the list of the largest cryptocurrencies. These developments are mainly caused by the poor development of the products by the projects due to the meme coin status.

The Shiba team is trying to deliver the products, but the pace is slow, causing the cryptocurrency to underperform against high-utility crypto projects such as Bitgert. Without giving the Shiba Inu coin more utility through products, investors will continue to leave and join Bitgert.

Share this article

Do that thing to share

About the author

More info about author

Analytics Insight


Analytics Insight is an influential platform dedicated to insights, trends and opinions from the world of data-driven technologies. It tracks developments, recognition and performance of companies in the fields of artificial intelligence, big data and analytics around the world.

More by Analytics Insight




Roxxcloud

Leave a Reply

Your email address will not be published.