The Shiba Inu project is currently raising a lot of questions. Investors are worried about the future of this project after months of plunging. The level of dissatisfaction can be seen in the dropping number of SHIB wallet holders. This is at a time when other competing crypto projects like Bitgert (BRISE) are skyrocketing.
Is Shiba Inu a bubble or a genuine crypto project? Well, we can start by stating facts, and one of them is that Shiba Inu is a meme coin. This means it is one of the coins that started without working towards a certain product. The coin was built on the hype, and now that the hype is gone, it is not plummeting.
The lack of utility is the biggest problem facing meme coins and the reason many are dying today. Read more about Shiba Inu plus Bitgert and Centcex, two of the best utility projects crypto investors need to consider today.
The Shiba Inu's biggest problem right now is the reducing number of transactions, dropping holders' count, and the dropping token price. But all these problems are being driven by the lack of utility. Unlike the likes of Bitgert, which builds DeFi protocol, Shiba has no serious product. That is why investors are leaving Shiba Inu, with many joining promising coins like Bitgert and Centcex.
Shiba Inu might be another bubble unless the team starts delivering serious products and projects that will make the token start growing again. Note that Shiba is still an Ethereum-based project because the team is yet to build its own blockchain. There are also very few products that have been launched on its ecosystem. Even the hyped Shiba Inu metaverse is yet to be launched. So, the team needs to work on project utility to give this project a new life.
We've mentioned Bitgert multiple times above, but what makes it unique and better than Shiba Inu? Bitgert is the fastest-growing cryptocurrency in 2022, which can be seen from its skyrocketing Brise price and marketcap this year. The BRISE holders' count has also been growing fast.
But it is the disruptiveness of the Bitgert project that makes it stand out. The Bitgert team has built the world's first zero-cost gas fee blockchain, the BRC20 blockchain. The blockchain has been one of the reasons why the coin is skyrocketing. But there are more exciting developments coming up.
There are 1000+ projects the Bitgert is adding to its ecosystem in the next 12 months. With the first roadmap almost complete, the Bitgert team has announced the launch of its roadmap V2, which has exciting products such as web3 oracle. So Bitgert will be one of the cryptocurrencies to watch.
Apart from Bitgert, Centcex is another crypto project to consider. Centcex is one of the few cryptocurrencies doing very well today, despite the fact that it is yet to start launching products. Investors are investing based on the potential this project has.
The biggest attraction for this project has been the unlimited number of products that the Centcex team is building for this ecosystem. The crypto investors understand the huge number of products that the Centcex ecosystem will be hosting. The number is unlimited products. This makes Centcex one of the highest utility crypto projects and might even rival Bitgert in utility.
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Disclaimer: Analytics Insight does not provide financial advice or guidance. Also note that the cryptocurrencies mentioned/listed on the website could potentially be scams, i.e. designed to induce you to invest financial resources that may be lost forever and not be recoverable once investments are made. You are responsible for conducting your own research (DYOR) before making any investments. Read more here.