Optimism Around Shiba Inu is Fading After it Failed to Make a Mark in April

Shiba Inu

Shiba Inu is one of the most popular cryptocurrencies in the world, yet it is failing to make its impression

Traditionally, the stock market has been unmatched in terms of wealth generation. But over the past couple of years, cryptocurrencies have outperformed the stock market to become one of the most wanted forms of investment. Cryptocurrencies are now treated as a valuable hedge against inflation, and since the market is decentralized without any political influence, more and more investors are joining the market to make sure that they have a safe store of value in case there is any economic or financial adversity in the world. Currently, there are thousands of cryptocurrencies that investors can choose from. But the meme coin Shiba Inu has emerged as one of the top and also one of the most controversial cryptocurrencies in the market. Even though Shiba Inu is among the biggest names in the crypto market, critics are quite doubtful about its future prospects. It is mainly because it was created literally out of a meme, and is extremely volatile in nature. In the year 2021, Shiba Inu delivered historic gains, but for the SHIB token, its run ended when the crypto market meltdown took down the major cryptocurrencies to the ground. Nevertheless, investors expected the Shiba Inu price to spike in April 2022, but after its failure in meeting these expectations, investors are now looking for other options for investment.

 

Shiba Inu’s Skyrocketing Records in 2021

There are multiple factors that are responsible for Shiba Inu’s excellent performance in 2021. The SHIB token received enormous visibility and improved liquidity due to being listed on numerous crypto exchanges. Besides, the launch of its decentralized exchange ShibaSwap in 2021 further improved its liquidity and enabled SHIB investors to stake their coins. Well, the crypto market dynamics are also partially responsible for this. Even the harshest SHIB skeptics believed that crypto does stand a chance to fight among the top cryptocurrencies in the market.

But the year 2022, brought bad luck for Shiba Inu and its investors. The once-eminent ‘Dogecoin killer’ is now losing its charm. Even after major steps are taken by its developers to attain its lost visibility in the market, investors are looking for other options to invest in.

 

SHIB’s Falling Value in 2022

For crypto-like Shiba Inu that soared to the moon in 2021, these conditions might seem quite unrealistic. Experts predict that if this continues, the SHIB token may end below its all-time lows by the end of 2022. It is mainly because no matter how many improvements SHIB developers introduce to its network, investors would always look for more advanced facilities that are already being offered by other cryptocurrencies. To add to this, SHIB does not even provide proper payment methods. And the companies that do accept payments in Shiba Inu are not so popular and only have an online presence.

Furthermore, even though Shiba Inu has declared its presence and initiatives in the metaverse, the waiting game is too long for the investors. Even after Shiba Inu got listed in the Robinhood exchange, the much-anticipated move that SHIB fanatics waited for, the crypto failed to perform making investors and critics quite doubtful regarding its survival in the future. There are also several other reasons why investor sentiments and market algorithms are not leaning toward Shiba Inu. But it is for sure that the crypto will soon need some major help because if not, then it will become disintegrate into oblivion!

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