Shiba Inu Steals the Spotlight from Bitcoin! Proves Its Worth

Shiba Inu is gaining love from crypto investors for its projects and Shiba Inu dog in 2022

Shiba Inu, the most popular meme coin in the cryptocurrency market, has started gaining attention from millions of crypto investors. SHIB tokens are showing outstanding performance amidst the crypto crash ecosystem by raising their price up to 31%. The meme coin is transforming itself into a serious cryptocurrency for every crypto investor to take Shiba Inu seriously. It has the mission to drive profit in crypto wallets despite being present in the drastic crypto crash cases of other cryptocurrencies like Bitcoin, Ethereum, Terra, and Tether. The meme coin has stolen the spotlight from Bitcoin and is maintaining it very graciously. Let's dig deep into Shiba Inu's strategies on how to outperform Bitcoin as a meme coin and get success in the highly volatile cryptocurrency market.

Navigating through crypto crashes for SHIB investors

Shiba Inu or SHIB is showing a clue of hitting an uptrend pattern in the cryptocurrency market while sustaining the recent breakout from a bullish pennant. SHIB is continuously managing to maintain the positive momentum with multiple developmental projects to take the SHIB price to the next level. This determination is making the Shiba Inu meme coin overtake Bitcoin in 2022 — showing the true features or capabilities to be a valuable cryptocurrency.

SHIB investors experienced a whopping 34% increase in the meme coin price in June 2022. It has successfully set up the flagpole with a breakout point at US$0000116. At the time of writing, the current SHIB price for crypto investors is US$00001213 with a market cap of US$6.66 billion and a volume of US$485.07 million. Shiba Inu has shown a bullish signal that the market trend is favoring bulls. SHIB investors are expecting the meme coin to cross the US$0.0000139 price zone in the nearby future.

There is a controversy regarding Shiba Inu about whether the meme coin will hit US$1 in the nearby future. SHIB is one of the top meme coins that have the attention of Ethereum whales to gain 11% as well as 24% in July 2022. The rise in the cryptocurrency price is bullish with barely a few neutral signs with an upward trajectory. Ethereum whales are adding SHIB tokens to their portfolios worth more than US$560 million— 22% of the total digital assets.

The cryptocurrency is performing well for SHIB investors for its major upcoming developmental projects. These development projects with the SHIB burn strategy are favoring the meme coin to be one of the favorite cryptocurrencies in the highly volatile crypto market. SHIB investors must expect Shibarium, the Layer-2, SHIB.io metaverse, SHI token, SHIBASWAP V2, and many more. The Shiba Inu management has launched the burning portal to reward the investors. It has successfully increased the meme coin price by creating pressure on the demand and supply of SHIB tokens. The total burnt from the initial supply is 410,374,396,897,090 or 410.37 trillion and the total supply is 589,625,603,102,909 in the cryptocurrency market.

Shiba Inu has announced the partnership with a visualization company as a long-term collaborator with Marvel known as The Third Floor. It will help to create and develop virtual environments and landmarks for the metaverse of Shiba Inu. There will be a rise in the meme coin price after the launch of these development projects in the cryptocurrency market. it creates a positive impact on the demand for the SHIB token to accelerate the rate of increase in the price for a short period. Now is the golden hour to invest in Shiba Inu to drive profit in the nearby future.