Millions

David

Read

Shiba Inu

Memecoin

<ul> 
 <li>Shiba Inu’s recent price drop contrasts its previous market performance and potential.</li> 
 <li>Strategic partnerships and real-world utilities enhance Shiba Inu’s market presence.</li> 
 <li>Shibarium’s launch and SHIB token burns indicate a promising scarcity model.</li> 
</ul> 
<p>Despite Shiba Inu’s recent dip to $0.0000084, marking a 20.4% decline over the past week, the coin’s potential remains undeterred. Just a week ago, SHIB traded at a higher $0.00001025. While some, like <a href="https://cryptonewsland.com/former-us-candidate-boldly-claims-shib-will-never-hit-0-01/" rel="noopener noreferrer nofollow">David Gokhshtein</a>, doubt SHIB’s potential to hit the $0.01 mark, several factors suggest otherwise.</p> 
<p>Shiba Inu’s prominence is clear, holding a market cap exceeding $5 billion and being the second-largest sensational cryptocurrency. Its rival, <a href="https://cryptonewsland.com/pepe-price-prediction-2023-up-to-2031/" rel="noopener noreferrer nofollow">Pepe</a>, lags significantly with a market cap of just $431 million. The crypto community’s buzz around SHIB is undeniable, with Shiba Inu’s social engagements reaching 1.95 billion in less than a week.</p> 
<p>No longer just a meme coin, Shiba Inu boasts real-world utilities. Merchants can now accept payments in SHIB, and services like Uber Eats also embrace the token. Such use cases, combined with investor interest, can significantly drive a coin’s value.</p> 
<p>Strategic partnerships further amplify Shiba Inu’s prominence. Collaborations with advisory firm Alpha Transform Holding, a leading Italian clothing brand, and fast-food firm Welly highlight SHIB’s growing ecosystem.</p> 
<p>The recent launch of Shibarium, a layer two scaling solution, has generated significant market buzz. With transactions on Shibarium burning SHIB tokens, the coin adopts a scarcity model, reducing its circulating supply. Over 410 trillion Shiba Inu tokens have already been burned, a number set to rise, potentially boosting SHIB’s price.</p> 
<p>As the crypto landscape evolves, Shiba Inu, with its strategic developments and partnerships, is poised for a promising future. The coin’s journey suggests a bright horizon for SHIB in the ever-expanding crypto space.</p> 
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter"> 
 <div class="wp-block-embed__wrapper"> 
  <blockquote class="twitter-tweet" data-width="550" data-dnt="true"> 
   <p lang="en" dir="ltr"><img src="https://s.w.org/images/core/emoji/14.0.0/72x72/1f389.png" alt="🎉" class="wp-smiley" style="height: 1em; max-height: 1em;"> Giveaway Alert: Win 100 USDT <img src="https://s.w.org/images/core/emoji/14.0.0/72x72/1f389.png" alt="🎉" class="wp-smiley" style="height: 1em; max-height: 1em;"><br><br><img src="https://s.w.org/images/core/emoji/14.0.0/72x72/1f680.png" alt="🚀" class="wp-smiley" style="height: 1em; max-height: 1em;"> Participate in our exciting giveaway! <br><img src="https://s.w.org/images/core/emoji/14.0.0/72x72/1f539.png" alt="🔹" class="wp-smiley" style="height: 1em; max-height: 1em;"> Follow <a href="https://twitter.com/cryptonewsland?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">@CryptoNewsLand</a> . <br><img src="https://s.w.org/images/core/emoji/14.0.0/72x72/1f539.png" alt="🔹" class="wp-smiley" style="height: 1em; max-height: 1em;"> Join our Telegram <br> channel : <a href="https://t.co/DANjSIzz6f" rel="noopener noreferrer nofollow">https://t.co/DANjSIzz6f</a><br><img src="https://s.w.org/images/core/emoji/14.0.0/72x72/1f539.png" alt="🔹" class="wp-smiley" style="height: 1em; max-height: 1em;"> Like and Retweet this post <br><img src="https://s.w.org/images/core/emoji/14.0.0/72x72/1f539.png" alt="🔹" class="wp-smiley" style="height: 1em; max-height: 1em;"> Tag your 3 friends in the comments<br><br><img src="https://s.w.org/images/core/emoji/14.0.0/72x72/1f5d3.png" alt="🗓" class="wp-smiley" style="height: 1em; max-height: 1em;"> Giveaway ends on Aug 29th. <img src="https://s.w.org/images/core/emoji/14.0.0/72x72/1f3c6.png" alt="🏆" class="wp-smiley" style="height: 1em; max-height: 1em;"> Winners… <a href="https://t.co/eFMJBHv99w" rel="noopener noreferrer nofollow">pic.twitter.com/eFMJBHv99w</a></p>— Cryptonewsland (@cryptonewsland) <a href="https://twitter.com/cryptonewsland/status/1686260181628297216?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">August 1, 2023</a> 
  </blockquote> 
  <script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script> 
 </div> 
</figure> 
<h4 class="wp-block-heading" id="h-read-also">Read also:</h4> 
<ul class="wp-block-yoast-seo-related-links"> 
 <li><a href="https://cryptonewsland.com/user-warns-about-mfspe-exchange-ive-been-scammed/" rel="noopener noreferrer nofollow">User Warns About MFSPE Exchange, “I`ve Been Scammed”</a></li> 
 <li><a href="https://cryptonewsland.com/shiba-inu-shib-is-no-longer-classified-as-a-memecoin/" rel="noopener noreferrer nofollow">Shiba Inu (SHIB) Is No Longer Classified as a Memecoin</a></li> 
 <li><a href="https://cryptonewsland.com/shiba-inu-lead-developer-reveals-big-updates-will-shib-surge-soon/" rel="noopener noreferrer nofollow">Shiba Inu Lead Developer Reveals Big Updates: Will SHIB Surge Soon?</a></li> 
 <li><a href="https://cryptonewsland.com/shiba-inus-meteoric-rise-how-its-winning-the-global-crypto-market-secrets-revealed/" rel="noopener noreferrer nofollow">Shiba Inu’s Meteoric Rise: How It’s Winning the Global Crypto Market-Secrets Revealed</a></li> 
 <li><a href="https://cryptonewsland.com/unpacking-the-shiba-inu-boom-the-ordinary-joes-route-to-millions/" rel="noopener noreferrer nofollow">Unpacking the Shiba Inu Boom, The Ordinary Joe’s Route to Millions</a></li> 
</ul> 
<p>The post <a rel="noopener noreferrer nofollow" href="https://cryptonewsland.com/shiba-inus-undeniable-potential-vs-ex-us-congressional-candidate-doubts/">Shiba Inu’s Undeniable Potential vs. Ex-US Congressional Candidate Doubts</a> appeared first on <a rel="noopener noreferrer nofollow" href="https://cryptonewsland.com">Crypto News Land</a>.</p>

Shiba Inu’s Undeniable Potential vs. Ex-US Congressional Candidate Doubts

Crypto News Land

Other articles published on Aug 20, 2023

Litecoin and Dogecoin Stand Out With Increased Activity

Brian Wilson Meets Rodrigo Ambrissi At Anarchapulco 2019

Friend.tech generates over $1M fees in 24h, surpassing Uniswap, Bitcoin networks

Logan Paul's CryptoZoo Investors Still Waiting on Refunds 8 Months Later

Cipher Mining Outshines All with a 389% Surge as Bitcoin Mining Stocks Thrive

5 Best Australian Stocks Ready to Boom the Fintech Industry

Join our free newsletter for daily crypto updates!