These cryptocurrencies have a much brighter future than Shiba InuĮven as a cryptocurrency skeptic, I see far more potential and a brighter future for the following five digital currencies, relative to Shiba Inu.Įthereum (CRYPTO: ETH) is unquestionably the most-established cryptocurrency on this list, and also the one generating the most real-world buzz. Other payment coins that have had five-and-six-digit percentage runs higher all eventually lost more than 90% of their value. To be blunt, there are far more-efficient and/or cheaper payment coin options than Shiba Inu.Įven history says Shiba Inu is in big trouble. According to, there are around 13,500 cryptocurrencies, and this number is growing rapidly. To add, Shiba Inu is constantly being diluted by other blockchain projects. It's not even the only successful cryptocurrency to have adopted its inspiration from the Japanese Shiba Inu dog breed ( Dogecoin did it, too). This is to say that Shiba Inu doesn't stand out when it comes to its ability to process transactions. Shiba Inu also fails the sniff test when it comes to competitive advantages. You'd think the ninth largest cryptocurrency by market cap would be accepted by more than roughly 100 businesses, but that's just not the case. For example, SHIB has virtually no use outside of a cryptocurrency exchange. SHIB's dream run will eventually implodeīut on the flipside, there are a laundry list of reasons to believe Shiba Inu will implode.
In just a shade over 15 months, SHIB tokens have gained 13,211,665%. That's close to seven thousandths of one penny! Yet it's a far cry from where Shiba Inu traded on its debut day back at the beginning of August 2020 ($0.00000000051). 2, a single SHIB token would set an investor back $0.00006738. Leading that charge is ultra-popular meme coin, Shiba Inu (CRYPTO: SHIB).Īs of late evening on Nov. Shiba Inu has gained more than 13,200,000%!įor the past couple of years, dozens of widely followed cryptocurrencies have lapped the broader market many times over. The Shiba Inu dog breed has inspired big gains for crypto investors.
Even though other asset classes have had their moment in the sun, such as housing in the 2000s, no investment vehicle has delivered higher average annual returns over the very long run.īut over the short term, it's a very different story.