The crypto market has seen its fair share of ups and downs. While some cryptocurrencies like Bitcoin and Ethereum have shown resilience, others like meme coin Shiba Inu have struggled recently. While Shiba Inu faces a downturn due to inflation, a new crypto, Pandoshi, offers the reverse—deflationary tokenomics.
The Decline of Shiba Inu
Shiba Inu took the crypto world by storm in 2020-2021, offering investors the dream of massive returns. However, the meme coin is now down over 90% from its all-time high.
Several efforts have aimed to boost Shiba Inu’s price, including high-profile coin burn campaigns. But with a circulating supply of 589 trillion tokens, reducing this to a more reasonable level could take hundreds of years at current burn rates.
Other attempts focused on increasing utility and demand for the Shiba Inu blockchain. The August 2023 launch of the Layer 2 scaling solution Shibarium sought to make the network faster and allow new use cases. However, activity on Shi
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