Shiba Inu has also recently introduced new minting alternatives for its consumers, as well as a new burn page and a redesigned layer-2 solution. The SHIB Metaverse is the most recent entry to this series. SHIB aims to outgrow its present identity as a meme coin. Shiba Inu has lately increased in importance as a payment method. Shiba Inu is presently in second position among the top 100 Ethereum wallets. Ethereum whales increased their holdings in Shiba Inu (SHIB), propelling Dogecoin's opponent from seventh to second place. Shiba Inu is one of the altcoins with a big concentration of whales - major crypto owners - who are expected to have a substantial effect on SHIB's sudden rise. It is yet unknown whether its transition from just a meme coin to more of a utility coin will be successful. Meme coins have experienced a lot of criticism from the experts and Shiba Inu has been trying to fight it with its recent developments. SHIB’s price jumped by over 30% last week but has since stagnated, with many considering that it might drop at any point now. The recent explosive move in SHIB price might be short-lived as the crypto community lowers its expectations of this meme coin. Is Shiba Inu (SHIB) Still The “Dogecoin’s Killer”? Can it overthrow Shiba Inu and follow a path to success?
One of the competitive meme coins about to join the crypto market is Big Eyes (BIG). Nonetheless, many new crypto projects being launched pose another challenge for this popular meme coin. Shiba Inu's (SHIB) fortunes are currently on the fall after creating a reputation for itself being one of the most prominent meme coins over the recent years, as it continues to battle against a substantial market drop.
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