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Crypto analysts are warning that Shiba Inu might continue to disappoint investors who believed the coin might do 10x in the next one year. The future of SHIB does not look good if the past 6 months' performance is anything to go by. The Shiba Inu coin has been plummeting non-stop since November 2021, and crypto analysts are saying things might worsen in the coming weeks.
The bear market, if it continues, might make things worse for the Shiba Inu project. This is after looking at how the coin has been performing during the past bear markets. The bear market will plunge SHIB lower just like the past few ones have done.
The impact of the bear market is closely associated with the huge number of selling whales. There is an increasing number of Shiba Inu whales selling, and this could be the biggest hindrance that will make it impossible for the Shiba Inu to reach 10x in the next year. The bear market has been the biggest trigger for the high number of selling whales.
The other big factor reducing the Shiba Inu chances of doing 10x is tough competition from more attractive crypto projects. The biggest competitor for the Shiba Inu project has been the Bitgert (BRISE). Here are some interesting facts about Bitgert:
Bitgert has become a trailblazer in the blockchain industry. The Bitgert team is bringing developments that are revolutionizing the industry, which has made Bitgert attractive even to Shiba Inu investors. A good number of the Shiba Inu whales have bought Bitgert and are now accumulating.
The building and launching of the Bitgert BRC20 blockchain have disrupted the industry in a big way. This is the first zero gas fee blockchain in the world. Bitgert BRC20 is also the fastest blockchain in the industry today. These two features have made Bitgert very popular.
More Bitgert developments are coming up, which makes Bitgert the most attractive crypto investment. These developments have the potential to explode Bitgert 100x. A look at the launched Bitgert roadmap V2 and its products, plus the ongoing mass adoption of the BRC20, shows why the Bitgert project is a threat to Shiba Inu.
Bitgert roadmap V2 has a range of disruptive products spanning from NFT, Web3, and DeFi. There are also 1000+ new Bitgert backed Startup Studio projects joining the Bitgert ecosystem. The Centcex team has also started building products for the Bitgert ecosystem.
With these developments, Bitgert is very attractive as an investment, and this is making it impossible for Shiba Inu to do 10x. However, many other factors are plunging the SHIB price.
