Shiba Inu Has Zero Chance To Exist In Future – These Are 3 Reasons

Key Points:

• Lack of utility is a big problem for Shiba Inu
• Shiba Inu selling whales is crashing the coin
• Competing Coins like Bitgert are a big problem

According to crypto analysts, Shiba Inu is among the cryptocurrencies struggling to stay alive in the industry. The coin performance in the market has been poor, with the past 6 months being a non-stop plunging. The bad news is that Shiba Inu has almost zero chances of surviving in this industry. This is according to crypto experts.

There are three reasons that Shiba Inu is struggling, and they might eventually cause its death. They include:

Lack of Use Cases

The first major reason is the lack of utility or real use case for the Shiba Inu coin. Since the coin launched as a meme coin, it was not designed to be a coin that would run any ecosystem. This is because the project was never built around a solid crypto project. Shiba was just built on the marketing hype like all other meme coins. Though the team has been trying to collect the problem by building more products for the Shiba Inu ecosystem, the coin has already been left miles behind by the likes of Bitgert (BRISE).

Selling Whales

The other big challenge that Shiba Inu is dealing with is the huge number of whales selling. The problem has been cited as the biggest cause of fast plunging Shiba. There are many whales that are selling every day, and the number is getting bigger. As long as the whales are selling, Shiba Inu has zero chance of existing in the future.

Competition

The Other reason Shiba Inu might not survive this industry is the tough competition coming from the likes of Bitgert. In fact, many leaving holders have been joining Bitgert. This is because Bitgert is a project growing faster than Shiba. When SHIB has been plunging, Bitgert has been skyrocketing.

Bitgert has also left Shiba Inu miles behind in terms of product delivery. The Bitgert roadmap V2 is expected to make Bitgert even more powerful with its disruptive products. The Centcex partnership is also growing the Bitgert ecosystem faster. Note that Centcex has committed to adding an unlimited number of products to the Bitgert ecosystem.

These are three major reasons why Shiba Inu has almost zero chance of existing in the future. The team will need to beat the likes of Bitgert to remain competitive.