Top DeFi Analyst Says Shiba Inu (SHIB) Is Destined for Success. Here’s why – Times Tabloid

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

As a result, several reviews projecting Shiba Inu in a negative light have flooded the crypto space, with the most recent coming from an anonymous reviewer on X, who claimed that SHIB would cease to exist in five years.

Read also: Shiba Inu Lead Developer Hails SHIB’s Supremacy Over XRP, BNB, and SOL During Current Bull Season

Going further, the reviewer attempted to discourage market participants from accumulating the token, stating that only two or three meme coins would remain in the top 50, which does not include Shiba Inu, as the coin would have likely lost lots of value between now and then. SO.

Shiba Inu (SHIB) is already an established coin

A pseudonymous analyst, Crypto King, recently spoke to X to counter the above claim about Shiba Inu. According to crypto market analyst, “People who think coins like SHIB won’t succeed are probably those who don’t know the market yet.”

Going further, Crypto King noted that retail investors are already interested in the Shiba Inu. He says retailers seem to know that SHIB is an established crypto on several centralized exchanges (CEX).

Make an analogy with gold

To deepen his point, the market expert made an analogy with gold and crystal, which he linked to the Shiba Inu. Interestingly, he declared, “For example: if I place gold and a crystal that is not worth much but recently discovered, which will you choose?

In response to the question above, Crypto King noted that any human being with strong cognitive abilities would likely opt for gold, given its potential value. Linking his response to Shiba Inu, he said that coins like SHIB possess manufacturing prospects just like gold.

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

Read also: Analyst Compares XRP Price Trend to Apple, Google, Amazon and Tesla Stocks

Shiba Inu (SHIB) is impossible to ignore

In one of our most recently published news articles, Justin Drake, another market analyst and Ethereum researcherhas explained why it is impossible to ignore SHIB amidst other meme coins flooding into the crypto market.

According to Drake, SHIB enjoys an estimated market capitalization of approximately $15 billion, a value that has placed it in a position to control a substantial market in the coin ecosystem. Additionally, he highlighted the growing investor interest in SHIB, citing it as another catalyst that has kept the coin relevant over its roughly four years of existence.

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