mehe market is still bearish, although most coins have posted an impressive rally in the last few hours. Among the coins that have made a good recovery this time is Shiba Inuwhat had been one of the most hit cryptocurrencies for the bear market. But cryptocurrency experts warn that the Shiba Inu is not out of the woods yet. There are still many threats around this coin that could make it the next Moon.
According to crypto experts, Shiba Inu is almost in the same category as Luna. They are projects that have not been built on a solid product. They have no real use cases. The great challenge for the Shiba Inu project it is lack of utility. This is because the Shiba Inu started out as a meme coin and built his huge market cap based on hype and not in an actual product.
That is why experts warn that Shiba Inu could be the next Terra Lunaespecially if the whales continue to be sold. The lack of use cases has also been identified as one of the main reasons why the price of Shiba Inu has plummeted in the last 6 months.
In fact, many investors in Shiba Inu have been selling out to join stronger projects with real use cases. Some of these projects have been Bitgert (BRISE), one of the fastest growing cryptocurrencies. When Shiba Inus has been losing investorsthe number of owners of Bitgert has been increasing.
The Bitgert project is also among the few cryptocurrencies that have maintained stable prices during the current bear market. This is because Bitgert investors were still holding out, and there were many new investors joining the project. This proves Bitgert solidity.
The Bitgert team is building one of the projects of block chain most useful in the industry. The Bitgert ecosystem has a range of products ranging from DeFi, NFTs and Web3 products. Some of Bitgert’s main products have already been launched and are the reason why Bitgert is a solid project.
Bitgert has built his own block chainthe BRC20 chain, while the Shiba Inu continues to function in the chain Ethereal. Bitgert’s BRC20 blockchain is also fastest blockchain and has zero gas rate. There are many exciting products and projects that the Bitgert team is adding to this ecosystem.
In conclusion, Shiba Inu has to get a real use caseor it could become the next Moon. Meanwhile, Bitgert is expected to keep growing exponentially due to the enormous utility it offers.
Bitgert is also expected to attract more Shiba Inu investors if the price of SHIB continues to fall.
Not necessarily, because the forecasts, although they seem exact, could not be fulfilled or materialize as expected. Many analysts continue to pin their hopes on Shib.
The good news is that traders around the world continue to trade in Shiba Inu. Recently Gucci has started accepting Doge and Shiba.