Top DeFi Analyst Says Shiba Inu (SHIB) Is Destined to Make It. Here’s why

Over the years, questions about Shiba Inu’s (SHIB) longevity prospects have continuously flooded the crypto space despite being among the most rewarding crypto entities in the 2021 market rally.

Consequently, several criticisms projecting Shiba Inu in a negative light have been crowding the crypto space, with the most recent coming from an anonymous critic on X, who asserted that SHIB will cease to exist five years from now.

Going further, the critic attempted to discourage market participants from accumulating the token, stating that only two or three meme coins would remain in the top 50 rankings, which does not include Shiba Inu, as the coin would have most likely lost so much value by then.

Shiba Inu (SHIB) Is Already An Established Coin

A pseudonymous analyst Crypto King, recently took to X to counter the above assertion about Shiba Inu. According to the crypto market analyst, “People who think meme coin like SHIB are not gonna make it are probably the ones that don’t know the market yet.”

Going further, Crypto King noted that retail investors are already picking interest in Shiba Inu. He says retailers seem to know that SHIB is an established crypto on several Centralised Exchanges (CEXs).

Making An Analogy Using Gold

To drive his point further, the market expert made a gold and crystal analogy, which he linked to Shiba Inu. Interestingly, he stated, “For example: if I place gold and a crystal that is not worth a lot but recently discovered, which one will you choose ?”

Answering the above question, Crypto King remarked that any human being with sound cognitive abilities would likely go for gold, considering its value potential. Linking his response to Shiba Inu, he said meme coins like SHIB possess prospects to make it just like gold.

He concluded his take by throwing a challenge, which he projected thus, “If you don’t trust what I say, bookmark this tweet along with the retards who say it won’t make it.”

Shiba Inu (SHIB) Is Impossible To Overlook

In one of our most recently published news articles, Justin Drake, another market analyst, and Ethereum researcher, explained why it’s impossible to ignore SHIB amid other meme coins flocking to the crypto market.

According to Drake, SHIB boasts a market cap estimated at around $15 billion, a value that has placed it in a position to command a substantial meme coins ecosystem market. In addition, he highlighted the rising investors’ interest in SHIB, citing it as another catalyst that has kept the coin relevant in its about four years of existence.

Follow us on Twitter, Facebook, Telegram, and Google News

Chinedu Agbakwusi

Chinedu Agbakwusi is a medical student at the prestigious Nnamdi Azikiwe University with sound knowledge of the crypto space. I am here to be a reliable plug for well-researched crypto content ranging from crypto news to market analyses and blockchain inventions.