You are reading the article Can Shiba Inu Ever Take The Same Road As Terra! A Big No￼ updated in December 2023 on the website Kientrucdochoi.com. We hope that the information we have shared is helpful to you. If you find the content interesting and meaningful, please share it with your friends and continue to follow and support us for the latest updates. Suggested January 2024 Can Shiba Inu Ever Take The Same Road As Terra! A Big No￼Many people fear that soon everyone’s favorite memecoin “Shiba Inu” will take the same road as Terra (LUNA).
The cryptocurrency market is still bearish, although many coins are making a slow recovery from the drastic crash. Among the coins that have been posting some good recovery this time is Shiba Inu, which had been one of the most hit coins by the bear market. Though looking at the other cryptocurrencies, SHIB is still not there, not even close to its ATH. That is why many people fear that soon everyone’s favorite memecoin will take the same road as Terra (LUNA). Well, the fear is legit because according to crypto experts, SHIB is almost in the same category as terra LUNA. These are projects that have not been built on a solid product. They have no real use-cases. The biggest challenge for the Shiba Inu project is the lack of utility. This is because Shiba Inu started as a meme coin and built its huge marketcap on hype and not in a real product. But is it really going to fall like LUNA? Let’s find out.
The Terra ecosystem has two cryptocurrencies — Terra (Luna) and TerraUSD. The latter is a stablecoin pegged to the U.S. dollar. Some stablecoins, such as USD Coin, are backed by cash reserves or cash equivalents. TerraUSD, though, uses an algorithm to maintain a stable price.
The algorithm behind TerraUSD attempts to automatically adjust the price by minting or burning the stablecoin or its sister token Luna. This process typically works pretty well. However, its Achilles’ heel is its inability to handle extreme price volatility.
Several days ago, TerraUSD lost its peg to the U.S. dollar. This led to panic selling of the stablecoin, resulting in a downward spiral for both TerraUSD and Luna. The algorithmic software couldn’t maintain stability with the plunging prices.Will Shiba Inu be next?
The Terra meltdown could understandably cause investors to wonder if Shiba Inu might be next. There’s an easy answer, at least for now: No. Shiba Inu isn’t currently linked with any stablecoin available for trading.
However, there is a Shiba Inu stablecoin in development. Lead Shiba Inu developer Shytoshi Kusama recently revealed in an online post on Medium that the stablecoin project “is nearing completion.”
One key difference between the Shiba Inu stablecoin (referred to as SHIB) and TerraUSD is that it will be pegged to US$0.01 rather than US$1. Shiba Inu’s founder believes that this will make stablecoin even more stable.
SHIB will be an algorithmic stablecoin. However, it’s unknown at this point whether or not how the algorithm will attempt to maintain its peg to the US$0.01.
After the Terra debacle, Shiba Inu holders would be unlikely to support a stablecoin that held the potential to bring down SHIB. It also seems reasonable to conclude that the SHIB developers wouldn’t adopt a similar approach used with TerraUSD’s algorithm.Little Background of Shiba Inu
Shiba Inu was initially launched as a rival to Dogecoin and, much like its predecessor, it has since been labeled a meme-coin – a subgenre of tokens that are generally a much more lighthearted take on the idea of cryptocurrency. At least, in theory.
The developers behind Shiba Inu have made some pretty solid innovations and it seems that the project is likely to continue its evolution into a fully-fledged DeFi platform. The SHIB token is an ERC-20 token, built on top of the Ethereum blockchain. In addition to the token, there is also the Shiba Inu exchange, which is compatible with several other Ethereum-based tokens.
The platform has also launched the BONE and LEASH tokens, to facilitate yield farming and other DeFi applications. The continued expansion of the Shiba Inu brand shows that it is more than just another meme coin and could ultimately help it to outlast Dogecoin and other similar tokens.More Trending Stories
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Over the last few weeks, the upcoming meme coin, Big Eyes Coin (BIG), has dominated the headlines of crypto news and sparked a wave of anticipation and excitement within the cryptocurrency industry. The token is one of the most anticipated cryptocurrencies this year and boasts several interesting features, such as a lack of transaction taxes and a massive supply. Native to the Ethereum (ETH) blockchain network, the token is a next-generation meme coin that could revolutionize the industry and bring about great impact.
Now, as it approaches the end of its presale stage, Big Eyes Coin (BIG) looks even more likely to reach the heights of industry-leading meme coins such as Dogecoin (DOGE) and Shiba Inu (SHIB). It is certainly one to keep an eye out for in the current climate, and it possesses the qualities to make an excellent long-term cryptocurrency investment. This article highlights what to expect from the Big Eyes Coin (BIG) and how it compares to industry giants, Dogecoin (DOGE) and Shiba Inu (SHIB).Dogecoin Is The Original Meme Coin
Dogecoin (DOGE) is an industry-leading meme coin and a pioneer of the meme coin movement. Often referred to as the original meme coin, Dogecoin (DOGE) is a top twenty cryptocurrency by market cap, notable within the cryptocurrency industry for fast transaction speeds and low transaction costs. Its speed and performance are enough to rival industry giants Bitcoin (BTC) and Ethereum (ETH). Within the crypto community, Dogecoin (DOGE) is regularly used as a tipping service for valuable content and content creators on social media platforms.
Dogecoin (DOGE) is the largest meme coin by market cap within the cryptocurrency industry, and as such, it is listed on several prominent crypto platforms, including Binance, Coinbase, and Huobi Global.Shiba Inu Is So Good It Sparked Copycats
Shiba Inu (SHIB) is an industry-leading cryptocurrency and the second-largest meme coin by market cap, second only to Dogecoin (DOGE). Shiba Inu (SHIB) is notable within its industry for its role in the Shiba Inu ecosystem, a crypto project that seeks to foster decentralized community building, interaction, and collaboration within the crypto community. Its success has been impactful, sparking a plethora of copycats within the cryptocurrency industry. Some Shiba Inu (SHIB) copycats include King Shiba, Shibavax, and Captain Shibbarow.
Shiba Inu (SHIB) is a top twenty cryptocurrency by market cap and is listed on several prominent crypto platforms, such as Binance and Coinbase.Big Eyes Coin Hits $11 Million In Its Presale
Big Eyes Coin (BIG) is an upcoming meme coin that has recently become the subject of excitement and anticipation within the cryptocurrency industry. The token is currently on presale and is emerging as a viable option for long-term cryptocurrency investment in the current climate. Big Eyes Coin (BIG) is currently on presale and has raised over $11 million making it one of the most successful cryptocurrencies this year.
Following rumors of an upcoming bull run in the early parts of next year, investors should consider investing in Big Eyes Coin (BIG) for maximum returns shortly.
Big Eyes Coin is giving users an additional 5% worth of tokens with the code: BCUTE640
For more information on Big Eyes Coin:
Investing in digital assets such as cryptocurrencies has gained significant attention in recent years, with an increasing number of people interested in this topic. Two of the most talked-about cryptocurrencies currently on the market are Dogecoin and Shiba Inu. Both of these coins have gained popularity due to their unique branding and the support of a large online community. In this article, we’ll take a closer look at both Dogecoin and Shiba Inu to determine which one is the top dog in the crypto world along with chúng tôi a new crypto gaining traction.Dogging With The Doge
Dogecoin was born in 2013 as a joke/mockery based on the popular “Doge” meme. Despite its origins, the cryptocurrency has gained a significant following and is currently one of the top ten cryptocurrencies by market capitalization. Dogecoin has seen its fair share of ups and downs, with its price reaching an all-time high of $0.69 in May 2023 before dropping significantly in value.
Dogecoin’s popularity can be attributed to its community-driven nature and the support of high-profile celebrities like Elon Musk. However, its future is uncertain, with some experts questioning its long-term viability as a serious investment opportunity.Shibbing With The Inu
Shiba Inu is a newer cryptocurrency that has gained attention due to its branding, which is based on the Shiba Inu dog breed. The cryptocurrency was created in August 2023 as an ERC-20 token on the Ethereum blockchain. Shiba Inu has gained a strong following due to its low price point and the potential for significant returns if the coin’s value continues to rise.
Shiba Inu’s community is also a significant factor in its popularity, with the coin’s developers creating a decentralized exchange (DEX) called ShibaSwap that allows users to trade the cryptocurrency without relying on centralized exchanges.Dogecoin vs Shiba Inu:
When comparing Dogecoin and Shiba Inu, there are several factors to consider. Both coins have gained popularity due to their unique branding and strong community support. However, there are some key differences between the two dog based meme tokens.
One of the most significant differences between Dogecoin and Shiba Inu is their market capitalization. At the time of writing, Dogecoin has a market cap of around $11.25 billion, while Shiba Inu has a market cap of just over $6 billion. Dogecoin is a more established cryptocurrency with a larger user base and community.
Another factor to consider is the potential for future growth. While Dogecoin has seen significant price increases in the past, there are some concerns about its long-term viability. Shiba Inu, on the other hand, is a newer cryptocurrency with significant potential for growth if its community continues to expand.
In addition to Dogecoin and Shiba Inu, chúng tôi is another cryptocurrency that has gained significant traction in the crypto world. The platform’s mission is to establish a community of one million users before the launch of their blockchain and native token, and they are incentivizing users to spread the word through a referral mechanism that translates into a leaderboard. chúng tôi prioritizes user control, privacy, and security, aligning with the decentralized ethos of Web3.
By using the Ethereum blockchain and smart contracts for peer-to-peer transactions, chúng tôi ensures that users maintain control over their assets and data, without relying on a central authority. This approach not only reduces the risk of hacks and fraud but also provides a more equitable and transparent trading experience for users.
The Hideaways (HDWY) Flash Sales Attracts Ripple (XRP) and Shiba Inu (SHIB) Investors
With the bear market dragging the Ripple (XRP) and Shiba Inu (SHIB) price down, The Hideaways (HDWY) has been an investor favorite and is currently running a flash sale, with the HDWY token discounted 50%.
Ripple (XRP) and Shiba Inu (SHIB) investors love the groundbreaking platform because it’s the first to tap the future of the luxury real estate market and expects to launch on exchanges in 2023 at close to $1.00.
The presale price during the flash sale is $0.03 so the coin will over 30x!Ripple (XRP) Price Prediction Remains Bearish
Ripple (XRP) received another backing from its partner, TapJets, as the private airline defended the XRP utility in a new court filing.
The Ripple (XRP) 2025 price prediction is dependent on the SEC case and the future of XRP as an investment will be dictated by the outcome.
The latest development comes amid a nearly two-year-long lawsuit against Ripple by the US. Securities Exchange Commission (SEC).
However, the news did not appear to affect the price of Ripple (XRP) in the last 24 hours, where the token has lost 1.00% to $0.472351. This bearish movement of Ripple price is projected to stay in the long run, risking further loss to investors.Shiba Inu (SHIB) Moves Shibarium into Testing Mode
The main developers of Shiba Inu (SHIB) have recently announced that their layer-2 network Shibarium is already in testing mode.
Accordingly, this upgrade is highly expected to power SHIB: The Metaverse. At the same time, the Shibarium will also provide more utility for gas fee token Bone ShibaSwap (BONE).
However, investors remained disappointed in the ecosystem as they still await the potential launch date of the improvement. At press time, Shiba Inu (SHIB) has slipped 0.90% to $0.00001029, the Shiba Price is 14.10% below over the past month.
What will Shiba Inu (SHIB) be worth in 2025? We think the Shiba Inu 2025 price will be lower as people rotate out of the memcoin. There are better projects that have real-world utility and these are better investments than Shiba Inu (SHIB).The Hideaways (HDWY) Flash Sale Now On
The Hideaways (HDWY) is running a flash sale until Sunday, with investors able to purchase the HDWY token at a 50% discount. The price is reducing from $0.06 to $0.03 meaning if you buy HDWY during the flash sale, you will make a 100% gain on your investment when the price returns to $0.06!
The Hideaways is set to outrun Ripple (XRP) and Shiba Inu (SHIB) as it is projected to deliver 30x growth in 2023 with its resistance to the volatile crypto space.
The latest project is for everyone who is looking for passive income. Passive income will be 90% when combining rental and passive income and investors will also receive monthly rewards air drops.
Solid Proof has already audited The Hideaways (HDWY) as a reliable platform, ensuring the security of your money. The liquidity in the project is also locked for the lifetime of the project. A final safety feature is that the team cannot sell their HDWY tokens for 1 year after launch!
The Hideaways is currently valued at $60m, with an expected market cap at launch of $900m, this is a great discount for presale investors.
This is your opportunity to invest early in the best crypto project of 2023, so make sure you don’t miss out on the flash sale!
When putting money into an asset, the only thought occupying an investor’s mind is the growth potential the asset possesses. The crypto market provides sublime opportunities for investors to make great fortunes regardless of the size of their initial investment. Many enthusiasts have exploited these opportunities to the fullest and turned into millionaires overnight.
The much sought-after meme coin, Shiba Inu, is an excellent example of where individuals in the crypto sphere secured significant profits. However, the altcoin in question has now lost its touch. Investors should look for new and possibly better investment options.
In this article, we will list the five best altcoins to buy that serve as a suitable replacement for Shiba Inu and have excellent growth prospects.A Quick Look at Shiba Inu:
Before going into the details about credible crypto with excellent growth forecasts, we will first have a quick look at the history of Shiba Inu.
The firm was initially launched as a ‘joke’, but after the overwhelming response from crypto enthusiasts worldwide, further work on the coin started. The “meme-coin” was named after the Japanese breed of dog, the Shiba Inu, and has seen substantial price increases since its inception.
Shiba Inu started its journey from a price of $0.000000000056 and reached an all-time high of $0.00003791 in May 2023. Since then, the meme-coin started depreciating and has been unable to recover its long-lost glory.
Crypto enthusiasts nowadays go after Cryptocurrencies that offer a complete package. This means they provide great passive earning opportunities and focus on better community participation.
Toad Economics (Tokenomics):
46.58% for Presale
22.3% for community growth and liquidity
14.41% for competition and prizes
7.5% for development
5% for team tokens
4.3% for project launch, public releases, initial treasury pool, and misc
The firm imposes a 7% tax on all transactions. The tax collected will be utilized as follows:
2% for token burn
2% for NFT staking Pool
1% for Liquidity Pool
2% for treasuryToken Burn: NFT Staking Pool: Treasury:
2% of the collected tax is used to fill the treasury. The treasury, in turn, is used to fuel the staking pool, for developmental purposes, and to maintain liquidity.Charity: Toad Vs Toad:
Traders who are selected to make trades using the treasury reserve will receive 10% of the profit that is made. This incentive will help boost both trader enthusiasm and the profits being made.Presale:
The TOADS token is one of the best cryptocurrencies to buy right now. Investors wishing to make a purchase can resort to the ongoing presale. Buying TOADS early in time will help you secure great returns once this ultimate coin explodes.
As of date, more than 100,000,000 tokens have been sold, and the Lilypad 3 stage offering the TOADS token for 0.016 USD is about to end. Interested individuals can make the most out of the fantastic discounts and promo codes provided.
A notable thing about the presale is the vast array of coins supported as a form of payment. Buyers can opt for BTC, ETH, BCH, LTC, USDT, USDC, BUSD, BNB, DOGE, SOL, TRX, SHIB, and others to purchase TOADS tokens.
TOADS tokens purchased during the sale can be deposited in the user’s wallet once the presale ends. Users have to access the claim page to get hold of their purchases. Another remarkable feature about the token is that there is no vesting period. Traders can get hold of their assets as soon as the presale ends and kick-start their trading process.Dogecoin (DOGE):
Dogecoin is a popular peer-to-peer, open-source cryptocurrency that set foot in the crypto world in 2013. Like Shiba Inu, it started as a joke; however, as opposed to Shiba, Doge did have little utility. It was meant to serve as a tipping token for content creators.
Over time, this ultimate meme-coin gained tremendous popularity, and as of today, it is among the top 10 cryptocurrencies by market capitalization, according to CoinMarketCap. Dogecoin does not enjoy the high levels of security as Bitcoin, but it is built on the Litecoin blockchain, and users can freely transact DOGE tokens in a protected environment.
From March 2023 to March 2023, the enduring coin witnessed a 4000 times increase in its price. Five years back, a person who invested a mere $10 in dogecoin would have more than $44,000 today.
The boost in dogecoin price also comes from the support shown by Elon Musk, owner of the renowned automotive industry Tesla. In his interview with Bloomberg News, Musk said, “ I just know a lot of people who are not wealthy and who, you know, have encouraged me to buy and support Dogecoin. I am responding to those people”.
This remark by Musk was enough to send the crypto world into a frenzy, and dogecoin saw a considerable price increase.Fight Out (FGHT):
This is another excellent substitute for Shiba Inu. Fight Out is a cryptocurrency firm promoting a healthy lifestyle among individuals while offering them great earning opportunities. It is a move-2-earn crypto that rewards users for completing various fitness challenges.
The FGHT coin has broken all presale records. Fight Out allows its users to customize workout plans according to their feasibility. Individuals can select the type of exercise they want, the number of calories they intend to burn, and the severity of the activities. Moreover, if you need more clarification about what you are supposed to do, there are always fitness experts available with the firm who can guide you in each step.
Who wouldn’t relish earning opportunities that can arise from the mere act of exercising? The answer is “everybody”. Fight Out is not limited to drafting the perfect exercise timetable for an individual but goes even further and rewards users who stick to their fitness schedule.
Fight Out’s rising fame indicates the FGHT coin is witnessing a multi-fold increase in its price. Experts predict that in 2023, the cost of this ultimate token will go up 30 times.RobotEra (TARO):
Cryptocurrencies linked to the metaverse have grown exponentially in the last few years. This exponential growth has come to a standstill for most metaverse coins; however, RobotEra is a superlative metaverse crypto that is still on the rise.
The firm envisions a metaverse dominated by robots, creating endless earning and entertainment possibilities for its users. TARO coin is forecasted to go up by 3000%. This makes it an ideal substitute for Shiba Inu.Solana (SOL):
Solana is another significant altcoin that is a better investment option than Shiba Inu. Despite the prevailing bearish trend in the crypto market, the price of SOL has remained somewhat unchanged. According to reputable price prediction sites, Solana is expected to increase by the end of 2023.Conclusion:
Is Ryoshi following the same steps as Satoshi to manage the cryptocurrency, Shiba Inu, in 2023?
Top 5 Reasons that Prove How Shiba Inu Market Cap will be Surpassed by Bitgert
Shiba Inu Could Face a Similar Fate as Terra, Crypto Experts Alarm
Why Shiba Inu Price Might Drop More – Here’s The Reason
The Shiba Inu Founder, Ryoshi, has deleted all the tweets from Twitter as well as changed the profile picture to a picture of the moon. This has led to zero presence of Ryoshi on all social media platforms. Crypto investors are seeking similarities between Ryoshi and Satoshi Nakamoto on multiple occasions. Ryoshi created SHIB in August 2023 and after two years, he has decided to leave the social media presence. He has even deleted his first-ever tweet on Shiba Inu— All hail the Shiba— on Twitter.
The last post on Twitter from Ryoshi was in May 2023 and just after a year, he deleted all Twitter posts including articles and blogs in May 2023. He gave a clue in May 2023 that at any point in time, he will leave the cryptocurrency market or social media platforms by tweeting that he was not important and one day he would be gone without any notice. The cryptocurrency market should take SHIB and its journey upwards. But the cryptocurrency market has noticed that he is gone from Twitter with all his tweets.
The current price of Shiba Inu is US$0.00001162 with a market capitalization of US$6.38 billion and a volume of US$383.98 million along with a rank of 16, according to CoinMarketCap. Crypto investors find investing in Shiba Inu is more difficult because of its high volatility. Some days, it comes nearby to the top ten cryptocurrencies, and some days it incurs a loss.
It has been speculated that it may be a publicity stunt of Ryoshi to gain some attention toward Shiba Inu. This is the peak time when almost the entire cryptocurrency market is focused on Terra, Luna 2.0, Bitcoin, and many more. Shytoshi Kusama, the leading developer of Shiba team, was grateful to Ryoshi for his influence on the growth of Shiba Inu. Ryoshi was known for creating LEASH, a cryptocurrency in the Shiba Inu ecosystem.
There are multiple similarities between Satoshi and Ryoshi in the cryptocurrency market. Both of them kept their real identity as anonymous and did not ever disclose their real names. Both Satoshi and Ryoshi have decided to take Bitcoin and Shiba Inu to the next level respectively. They left the social media presence and maybe the cryptocurrency market very suddenly and suspiciously. Satoshi left Bitcoin in 2011 and Ryoshi left Twitter in 2023 abruptly. It can be possible in both cases that some personal issue was triggered by some events that can never be disclosed to the public. Crypto investors consider that Satoshi has died but his creation is flourishing in the highly volatile cryptocurrency market by holding the topmost rank for a long period of time.
The sudden stepping down from Twitter may delay the bullish breakout to gain sufficient trust from crypto investors. The burn rate of SHIB took a hit after the disappearance of Shiba Inu memecoin Founder. It is expected that the memecoin will experience the same journey as the stablecoin Terra. Crypto investors must wait and lookout for the next move of Shiba Inu to drive profit in crypto wallets, despite being one of the hardest-hit cryptocurrencies.
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