Memecoins stood out in the previous bull cycle, registering massive gains for investors. A project like Shiba Inu made headlines among the top gainers in twelve months, yielding significant profits for early adopters. However, the project has significantly dwindled in price. The platform lacks real utility and is only driven by hype from the SHIB Army, the community spearheading its innovation and Web3 coexistence. Shiba Inu is an abundance crypto asset with trillions of tokens in circulation. However, its future price appears gloomy. Its performance could be replicated by this new Bitcoin alternative called Bitcoin Spark.
Is Shiba Inu Dead?
Shiba Inu is a meme coin that was developed by Shytoshi Kusama, who is still the lead developer of the platform. Shytoshi’s identity is still anonymous since the project was initiated. What sets Shiba Inu apart from other meme coins like dogecoin is its active community called SHIB Army. The main reason why Shytoshi developed Shiba Inu was to ove
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