Is there a future for the Shiba Inu (SHIB) cryptocurrency？

The cryptocurrency Shiba Inu (Shiba Token) was created as a fun token and considered a Dogecoin killer. Does it really have a future as a cryptocurrency, and can it really displace Dogecoin？

If you look at the total supply of Shiba Inu, you can see that 1 quadrillion of Shiba tokens is possible, but that is only half the truth…50% of the tokens were transferred to Uniswap, and the keys were thrown away.

The other 50% was sent to Ethereum great Vitalik Buterin. He burned or destroyed that 50% on two occasions, so only 50% of Shiba tokens were left in the circulating supply….

Cryptocurrency Shiba Inu as a Dogecoin killer？

According to the website, Shiba Inu is supposed to be a spontaneous decentralized community builder, and Shiba Inu is only the first token or cryptocurrency out of three. It was immediately called a Dogecoin killer by the community!

However, if you look at the numbers and data, you can see that it is still a long way to a Dogecoin killer….

• Total supply 1 quadrillion tokens

• Circulation supply 394 trillion tokens

• 50% of the tokens have been burned

• Market cap $2.7 billion

• Price currently 0.000006866 USD

For Dogecoin, the numbers look much better although there is a large number of coins there as well Dogecoin is already accepted for payments in many places, and also the community behind Dogecoin is much larger…here are some numbers about Dogecoin:

• Total supply 130.12 billion coins

• circulating supply 130.12 billion coins

• No cap on the number of coins

• market cap 30 billion USD

• Price currently 0.2316 USD

Here you can already see the reason for the price difference quite clearly…the higher market capitalization and fewer Coins contribute to the fact that Dogecoin has a higher price…with the amount of Shiba Inu Token one should judge the whole honestly and pronounce that Shiba will never reach the current price of Dogecoin.

Projects can make Shiba Inu's price rise

Shiba Token has other projects running, however, and in addition to the cryptocurrency Shiba Inu, two other cryptocurrencies with the names “Leash” and “Bone” are to follow…but there is also a decentralized exchange to be created, and that should then bring in money and give the price a boost!

Here is a look at the DEX of Shiba Token:

All in all, these are interesting projects…ShibaSwap is already being tested, and the final updates are being made before it is launched…but this will not increase the market capitalization of Shiba Inu to such an extent that the price approaches 0.01 US dollars.

The projects will lift the market capitalization, and you will also earn money with the cryptocurrency Shiba Inu. Still, you should not get lost in the thought that you will become a millionaire with it unless you really buy many millions or even billions of these tokens now.

If then, you should invest now in the cryptocurrency Shiba Inu because the price is now far below, and then you have to wait with the Shiba tokens until the other projects are started, and you will see where the price is going.

You should definitely see it as a long-term investment since the price will certainly not rise right away…the cryptocurrency Shiba Inu does not yet have the acceptance like Dogecoin, and the projects will not change that right away.

Especially ShibaSwap seems to be a good project that will bring the Shiba token further, but you should not expect the big price jump now…