Is There Something to be Worried About Shiba Inu? Read More Below

Crypto investors may or may not be concern about Shiba Inu in the highly volatile crypto market

Key Points:

• Shiba Inu price might drop further
• Shiba Inu whales have continued to sell
• Bitgert remains the biggest Shiba Inu threat

There is definitely something to worry about regarding the Shiba Inu coin because it has shown all signs of a collapsing coin. Unless the team makes drastic moves that will save the coin, the rate at which the price is falling is worrying. Shiba Inu has already lost over 80% of its value from the ATH, and this is in the last 6 months.

Crypto experts have said that Shiba Inu might continue plummeting in the next few weeks, especially if the bear market continues. The Shiba Inu coin is still one of the most affected coins by the bear market, where in the past 30 days of this writing, the coin has dropped 50%.

But the biggest challenge for the Shiba Inu team is to stop whales from selling. The huge number of selling whales is the reason Shiba price has been falling drastically. But with the bear market still ravaging the crypto market, this might continue. As more whales sell, the price will keep dropping, and at a certain point, it will be a free fall where everyone will be selling.

The other big problem getting Shiba Inu investors concerned is the number of competing coins killing SHIB. By being a meme coin, Shiba Inu is getting tough competition from solid crypto projects with real utility. Among the biggest Shiba Inu competitors is Bitgert (BRISE).

Bitgert might be the Shiba Inu killer. The Bitgert project has been receiving a huge number of Shiba holders that are leaving the coin, including the whales. This is due to the attractive project the Bitgert is building. Here are some facts about Bitgert you should know:

Bitgert

The Bitgert team is building a blockchain ecosystem with high disruptive DeFi, Web3, and NFT. Bitgert already has built its own blockchain called BRC20, which has the lowest gas fee and fastest speed. The BRC20 gas fee is $0.0000000000001, and the speed is 100k TPS. Bitgert blockchain is the major product attracting investors today.

But the Bitgert roadmap V2 is bringing NFT marketplace, Bitgert CEX, Bitgert Web3 oracle, and many other products. The Bitgert team also brought in the Centcex project to add an unlimited number of products to the Bitgert ecosystem. There will also be 1000+ new projects coming into the Bitgert ecosystem from Bitgert Startup Studio.

In conclusion, there is something to be worried about regarding Shiba Inu. The coin has a high chance of collapsing if things remain the way they are today, including the tough competition from the likes of Bitgert.