Will Shiba Inu (SHIB) Go to Zero? Investor Discusses SHIB’s Future as Newcomer Takes a Big Bite Out of Its Market Share
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/Rexas Finance/ – Shiba Inu (SHIB), a meme-based cryptocurrency that once rose to become one of the most popular cryptos, is now on a downward trend, raising concerns from investors and analysts as to whether the bear market is going to turn into more of a crash. Recently, the market movements have been destructive, leading to many asking: Is this a passing phase for SHIB, or will the token sustain this performance, going toward the price of a single entry of zero? The aim of this article is to explore the reasons that could explain the drop in value of Shiba Inu, the chances of its price reaching the bottom, and the increasing threats that Shiba Inu faces from new entrants into the market.
Current State of Shiba Inu (SHIB) in the Market
Today, Shiba Inu (SHIB) has a price of $0.00001788 and around $406.8 million in 24-hour trading volume. SHIB has a share of 0.46% of the market and a market cap of $10.54 billion. However, the token is under a bearish market run; yesterday alone it lost 5.04% of its total value.
Factors Behind SHIB’s Decline
Recently, SHIB has eluded investors’ focus for several reasons, be it due to the potential competition within the sentiment market or a sense of apathy that urges buyers toward the token. A negative movement has therefore emerged, which undermines the value of the token, and this negative trend can be traced towards the loss in value and demand for the token.The global geopolitical landscape certainly has a more robust capacity to impact the global cryptocurrency markets. For instance, the recent missile attacks from Iran on Israel have catalyzed fear, aggression, and wild fluctuations across different regions, fueling a situation where the majority of investors abandon such risky assets as the Shiba Inu token (SHIB) and instead buy cheaper alternatives. Within the framework of such pressures towards SHIB, its future continues to look bleak until market conditions are restored or buyers become more active. With the growing geopolitical tensions all over the world, we can expect off-loading of meme tokens such as SHIB by more investors, which will also help in preventing any major price recovery.
Doubts about Shiba Inu: Is it Possible that It Will Go to Zero?
However, there are some rebuttal arguments that this article attempts to outline that SHIB should not and is not going to hit zero value. It is important to stress that, within the ongoing selloff, even SHIB managed to outperform Bitcoin and Ethereum, let alone 67 coins from the top 100 crypto assets, and has risen 129 percent over the last year. What this implies is that there are enough investors in the first place for SHIB so that the price does not crash and enough liquidity to sustain it. Shiba Inu has great trading activity in relation to its market cap and this ensures that there is a fair amount of liquidity to take care of the price during turbulent times. Inflation of the currency is also at a low rate and this further may help the price in the future as well reach some level of stability. The latest trends are showing that it may not be stable because the SHIB price will in all likelihood slide significantly more before any recovery occurs. On the charts, the token rests below its 200-day moving average even now and this suggests downward pressure to continue. Having previously reached its peak, the cryptocurrency has lost about 81 percent of its value and it is this volatility that presents the reason why many SHIB investors should be cautious.
Rexas Finance: A New Challenger Taking Market Share from SHIB
As Shiba Inu finds it tough to hold on, a new entrant in the world of cryptocurrency is likely to take away some of SHIB’s market share. Rexas Finance is an upcoming platform that has real-world asset tokenization as its focus and is quickly being picked up by investors due to its real-life applications and outstanding presale. In contrast to Shiba Inu, which is still primarily regarded as a meme token with very few real-life functions, Rexas Finance offers a comprehensive service of tokenizing everything from a piece of real estate, art, or a commodity. This has not only facilitated but also opened up new possibilities that had previously been unthinkable where assets can be managed in a more liquid, transparent, and inclusive manner. Users of the Rexas Finance platform will be able to trade real-world assets in the form of tokens without any programming knowledge through a simple interface for the creation, management, and trade of these asset-backed tokens. Rexas Finance offers a unique value proposition that makes it a better option than meme-based tokens like SHIB which have no real-life applications. – this is because Rexas Finance has real-life applications, and they’re currently available to those who need them.
The Rexas Finance Presale and Millionaire Giveaway
The presale of Rexas Finance is in its fourth stage and the token is now going for $0.060. So, far, the presale has sold 74.36 percent of its tokens, amounting to $3,757,530 out of a targeted $5,450,000. The presale is actually quite oversubscribed as investors are scrabbling to purchase the tokens before the prices go up even further due to the growing demand in the market. To make things even more interesting, Rexas Finance has made a new Millionaire Giveaway for its community, where 20 people will get $50,000 USDT each. This movement fosters interest within the community, but it also urges interested investors to act quickly and become early investors before the token reaches its presale limit. To say Rexas Finance has taken a great shot at Shiba Inu for its market share would be an understatement. Rexas Finance is all set to expand its reach with effective utilization of the funds it raised during its presale along with its captivating giveaway strategy. While SHIB is still looking for ways to put its $10 billion market cap to good use, Rexas Finance is elevating investments to tackle something more basic: offering safety and legitimacy in this ever-changing landscape.
Conclusion
In summary, while the way forward for Shiba Inu isn’t too clear, the token isn’t going to fizzle into nothingness as a true community exists along with liquidity. However, given the direction in which the momentum is shifting with newer entities like Rexas Finance portraying real-world implementations, SHIB nightmares might become all too true as it faces the risk of staying in the shadows as a moonshot token itself with little usage.
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