Shiba Inu Price Analysis And Why People Leaving It

The Shiba Inu price has been plunging non-stop since late October 2021, when the coin hit the current ATH. Since then, SHIB has been plummeting non-stop for the past 5 months, and things do not look good for this coin even today.

The price of Shiba Inu has been projected to increase from today's $0.00002676 to around $0.0000581. But looking at how the coin performed in Q1 2022, this prediction might never be achieved. In fact, the $0.00008 ATH might never be achieved.

With the future of the Shiba Inu not looking good at the moment and the coin price continuing to drop, investors have been leaving it for other promising cryptocurrencies. That's why the number of Shiba Inu holders has been dropping at a fast rate as well as the marketcap.

Among the projects receiving the most Shiba Inu investors is Bitgert (BRISE). This is the first crypto project to build a zero gas fee blockchain. The Bitgert price has also been skyrocketing during the same time Shiba Inu has been crashing. Centcex is also another project that SHIB holders have been joining. Here is more about these cryptocurrencies:

Bitgert

Bitgert is one of the cryptocurrencies doing very well in the crypto market today. The coin has been posting one of the best price increases, and one thing that stands out about Bitgert is its ability to grow against the grain. Bitgert is one of the few crypto projects that have been skyrocketing for most of Q1 2022. This was at a time when Shiba Inu and many other large cryptocurrencies were crashing.

The growth of Bitgert has been driven by the quality of this project and, more so, its products. The Bitgert team built and launched the only gasless blockchain, still experiencing massive adoption. There is also a lot of development around the Bitgert blockchain, including the hundreds of projects launching on the Brise chain. These are Bitgert developments attracting many investors, including Shiba Inu investors.

Centcex

Though Bitgert remains the biggest cryptocurrency to watch, new projects like Centcex are also proving a force to reckon with. Have you seen the kind of performance that Centcex has been posting in the past 60 days? Well, the Centcex coin price grew several folds during this time to hit a new ATH. This is at a time when even the largest coins were plummeting.

Centcex is getting the attention of investors due to its design that enables it to grow the token price organically and generate a lot of revue for the staked Centcex tokens. This has been achieved through the building of multiple products for the Centcex ecosystem. With the multiple products the Centcex team is building, it will have millions of users who will generate colossal staking revenue.

Shiba Inu

As mentioned above, the biggest problem of Shiba Inu is the crashing price and reducing holders' count. The Shiba Inu marketcap has been dropping, throwing the coin back to #15 on the list of the largest cryptocurrencies. These developments have mostly been driven by the projects' poor development of the products due to its meme coin status.

The Shiba team is trying to deliver the products, but the pace has been slow, which is causing the cryptocurrency to perform poorly against high utility crypto projects like Bitgert. Without giving the Shiba Inu coin more utility through products, investors will continue to leave and join Bitgert.