by Analytics Insight
April 30, 2022
The tough competition in the crypto industry is the reason why Shiba is doing badly.
The question about the future of the Shiba Inu project has started arising in the recent past. This is after the coin posted a dismal performance this year and has been among the coins dropping fast. In fact, Shiba Inu has been plummeting 5 months straight. This has become a concern for many crypto investors.
What worries the crypto community is that the possibility of Shiba Inu rising again might be very slim. The number of holders is dropping, and the overall growth of the ecosystem has been very slow. But the problem of rough and tough competition is increasingly becoming a big problem for the Shiba coin. Crypto projects like Bitgert (BRISE) are the reason Shiba Inu is doing badly. Read more below:
The tough competition in the crypto industry is the reason why Shiba is doing badly. Bitgert is among the reason the SHIB coin is doing badly. In fact, the Bitgert projects have become one of the toughest Shiba Inu competitors. Bitgert has not only outgrown Shiba Inu, but it is also killing it.
According to crypto analysts, Bitgert is taking a huge number of investors leaving Shiba, including whales. The fast-growing Brise ecosystem and the massive utility are two major factors making Bitgert superior to Shiba Inu. They are the reason Shiba’s traction in the market is dropping fast.
More investors are opting for the Bitgert token and Shiba. Therefore, as long as the Bitgert ecosystem is growing fast, Shiba Inu hype will keep fading away.
The dropping price of the Shiba Inu remains one of the biggest challenges and the reason the hype is dying. However, the recent issue of investors leaving the project is increasingly becoming a concern. When the competitors are like Bitgert are growing their community, Shiba Inu has been looking.
But Shiba project is still struggling with the utility problem. It has been unable to build a powerful ecosystem with products with real use cases. The Shiba Inu team will need to work on developing more products for the ecosystem.
It has been the biggest problem for this project. With more real utility projects, SHIB might start competing with Bitgert again. But at the moment, the future of Shiba Inu is uncertain.
Centcex will be another project to watch in 2022 and might probably beat Shiba Inu. This makes one a crypto coin that investors need to look at after Bitgert. The past few months have seen Centcex outperform most crypto projects to post an impressive price growth. Centcex even managed to post a new ATH in the past few weeks.
Centcex huge utility is one of the biggest reasons this coin is gaining a lot of attraction. With the Centcex team saying that it’s building an unlimited number of products, it is clear that Centcex will also be one of the largest ecosystems in the coming years. Therefore, Centcex will be one of the crypto investments to watch this year.
Disclaimer: The information provided in this article is solely the author’s opinion and not investment advice – it is provided for educational purposes only. By using this, you agree that the information does not constitute any investment or financial instructions. Do conduct your own research and reach out to financial advisors before making any investment decisions.
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