If This Happens, Shiba Inu Might Collapse

Bitgert is a blockchain project with real use case when Shiba Inu is a meme coin.

Key Points:

• The Bear market might collapse Shiba Inu
• Selling SHIB whales is a major concern
• Bitgert remains a big threat

Shiba Inu's performance is at its worst in the history of this coin. In fact, Shiba Inu can be ranked among the poorest performing 15 cryptocurrencies in 2022 because huge price fall the coin is posting. Since SHIB hit the current ATH, the coin has been plummeting non-stop. This means Shiba has been plunging for the past 6 months since the current ATH was reached in early November 2021.

Many factors can be cited for the plummeting Shiba Inu. The FED's inflation measures have been one of the major reasons why $SHIB has plummeted. These measures have caused the market to crash this year, and Shiba is among the most affected coins.

But what is likely to collapse Shiba Inu? Well, crypto analysts believe that the market is currently very harsh towards the Shiba coin. According to crypto experts, these three things might collapse Shiba Inu:

If Competition Grows Stiffer

The other reason why Shiba Inu might collapse is competition. Bitgert (BRISE) is one of the biggest Shiba competitors. There is a huge number of SHIB investors that have been selling and joining Bitgert. This is because Bitgert has a more solid project than Shiba Inu. Bitgert is a blockchain project with real use case when Shiba is a meme coin.

Bitgert ecosystem growth is faster than Shiba, which is why it is attracting a lot of investors. There are multiple Bitgert products launched, with the Bitgert BRC20 blockchain being the most adopted Bitgert product today. The zero gas fee is what makes Bitgert BRC20 popular. The Bitgert team is also bringing more products to the chain through the recently launched Bitgert roadmap V2. These are Bitgert developers that are attracting even the Shiba Inu whales.

Bear Market Continues

If the bear market continues for the next 90 days, Shiba Inu might collapse. The bear market had already slashed about 85% of the token value over the past 6 months. If the bear market persists and the coin drops further in the next 90 days, then it will be very difficult for the Shiba Inu to make a come-back. It will just collapse.

Whales Continue to Sell

The other reason why Shiba Inu might collapse is if the whales continue to sell. This is one of the biggest problems that SHIB is dealing with today. The dropping price is due to the high number of selling whales. If the Shiba whales don't stop selling, the SHIB might soon collapse.

These are major factors that might collapse Shiba Inu. However, Bitgert competition is a major concern to the Shiba team. The project will need to beat the Bitgert project to become competitive.