How Shiba Inu Might REVERSE The Crypto Crash

The crypto market is in absolute shambles, and the last hope is not what you’d expect. Out of all the coins in the market right now, Shiba Inu is the one that people are now putting all of their hopes in. But at the same time, others are predicting Shiba might just be the next LUNA in the making. So is Shiba going to crash like LUNA? What does the future of Shiba Inu look like as a viable cryptocurrency? Will it survive the market crash?

Now, Shiba Inu has not been the best-performing crypto as of late. In fact, the coin - which was initially launched in 2020 - has lost over 70% of its value from the start of 2022 to May of 2022. People haven’t earned good “money” because of Shiba for a long time. But there’s still a chance.

First, let’s take a look at what the token really is. It was created as a deflationary token in 2020, which generally excited a lot of crypto enthusiasts. Deflationary cryptos are those that start off with a specific number of coins and then burn the supply after hitting certain milestones. Shiba Inu started with over 1 quadrillion tokens. Shiba Inu has constantly been in the news since it was first created. After all, it was a part of the largest crypto donation in history, back in 2021, when the equivalent of $1 billion worth of SHIB was donated to India during the peak of the pandemic.

Over 40% of the supply of SHIB has already been burned, and because of this, the crypto has managed to stay relevant to this very day. On top of that, this isn’t some throwaway meme project. It seems like it can actually compete with some of the more “serious” cryptos out there. The main coin in the Shiba Inu “ecosystem” is, of course, the SHIB token. The SHIB token can be held by anyone, and it’s generally available in most crypto exchanges. But there are two other cryptos on the platform.

There’s the LEASH token that had a supply of 107k tokens. This was a rebase token that was eventually “released to its full potential”. The third major crypto in the Shiba Inu ecosystem is the BONE token, which has a supply of 250 million tokens. BONE is the primary governance token of the platform, and people who own BONE are able to vote on the Doggy DAO, a decentralized organization that controls the entire platform.

However, it’s important to note that at its core, Shiba Inu is a meme token. This isn’t the first meme token we’ve seen. In fact, meme tokens have been around even before Ethereum was launched. The world’s first token that was created entirely as a joke would have to be dogecoin. It was launched at the peak of the doge meme itself in 2013. This was before cryptocurrency went mainstream, and not a lot of people really cared about it for quite some time. But by 2021, crypto was a completely different monster. Everything from Bitcoin to Ethereum to literally thousands of other cryptocurrencies started to reach their peaks, and a certain man - Elon Musk - decided he would put all of his weight behind one crypto in particular - dogecoin.

Believe it or not, in early 2021, dogecoin was by far the most successful cryptocurrency in the world by performance. It was growing over a thousand percent in a matter of weeks, and a bunch of people were cashing in on it. However, the death of Dogecoin was almost a given. By the time Elon Musk made fun of dogecoin in his SNL appearance, the man who gave this dying crypto its last life ended up being the one who murdered it. Dogecoin crashed and it never made a rebound since then.

But throughout this entire time, some people started to make a push for Shiba Inu. In essence, this was the exact same thing as dogecoin, but it was taken a bit more seriously. After all, there was a structure, a future plan, and even philanthropy associated with Shiba Inu. But at its core, it was still a meme token. This is exactly why it had the same chance of crashing that Dogecoin did.

But SHIB had some surprising legs behind it. It reached its all-time peak in October of 2021, and of course, it saw a fall after that just like any other cryptocurrency. But surprisingly, it always made a recovery. However, by the time 2022 rolled around, inflation was at an all-time high, and people didn’t really have a lot of money to spend on meme tokens. The price of SHIB was relatively stable, with its own ups and downs, up until May of 2022. That month, the rise in interest rates and the subsequent crash in crypto prices sent SHIB into a downward spiral. SHIB is currently at its lowest price in over a year, but it’s still far from dead.

Surprisingly, SHIB continues to hang on for dear life. If you compare it to something like LUNA, it’s actually thriving. Because of this, many people are now starting to consider SHIB as a major investment. Why? Well, it has to do with the fact that the market crash is not going to last forever. That’s not to say that the crypto market cap will ever reach its peak again, that’s still debatable. But what isn’t debatable is the fact that crypto isn’t dead.

https://www.youtube.com/watch?v=GqI8giG8yVU

In the coming months, the anti-inflation measures of governments around the world might start showing results. As a result, the interest rates are surely going to see a decrease. When that eventually happens, the crypto market is going to see another boom, and that’s almost a guarantee at this point. Even with current inflation rates, when the initial shock factor dies down, more and more people are going to start investing in crypto again as if nothing ever happened. Day traders are still earning just as much money from crypto as they did in the past.

But even though the eventual recovery of the crypto market is almost certain, people are divided over what the best investment opportunity will be. Shiba Inu always seems to pop up as a natural investment, because whenever the crypto market is in the midst of a boom cycle, it’s always the meme tokens that have the highest percentage increase in price. On top of that, it’s not like Shiba Inu has been delisted from any crypto exchanges recently. Its price is low for the same reason the price of Bitcoin or Ethereum is low. If this was crypto that was destined for failure, it should’ve already been delisted and be worth nothing by now.

After all, if LUNA, one of the top 5 largest cryptos in the world by market cap, can literally lose 99.99% of its value, then Shiba Inu is definitely performing favorably in comparison. So what’s my strategy for Shiba Inu right now? Well, I’m gonna be honest. This isn’t the kind of crypto I’d spend my life savings in. The investment prospect is extremely risky, which is why there’s still a chance that it’ll never reach the kind of heights that certain investors are hoping for.

However, I’d be willing to take a small risk with Shiba. I would probably invest an amount that I can afford to lose in it. The thing about Shiba and all of these other meme tokens is that even a small investment can generate insane returns. After investing, I would generally just keep it there and wait for whenever the next boom cycle of crypto eventually emerges. Now, if this is a small-scale boom cycle, I’d probably sell it immediately if my investment was big. But if it was a relatively small investment, I’d wait for it to get as valuable as possible.

Keep in mind, that this isn’t any kind of investment advice. This is just what I’d do with Shiba Inu for the time being. Of course, there are a lot of analysts that believe that Shiba Inu is on its last leg. The main risk associated with Shiba Inu is the competition. With so many new cryptos popping up here and there, there’s a very likely chance that this meme will be heavily outdated by the time the next boom happens. By then, there might be a lot more meme tokens that actually keep up with the trends and would be more appealing to young investors. Additionally, there’s also the risk of the crypto market simply not recovering, but I won’t dwell too deep into that doomer mindset.

So, at the end of the day, am I seriously considering Shiba Inu in 2022 after the crash? Believe it or not, yes. However, I’m definitely going to do a lot more research before I make any kind of investment, and more importantly, I’m gonna wait for the market to stabilize for a bit to see whether or not Shiba Inu even survives the current conditions. There are obvious risks, which is why I’m not going to make a stupidly large investment.

Do you think Shiba Inu is going to crash? Or is it just another meme token to distract us? Let me know in the comments below!