Shiba Inu Shall Not Make Progress in Next 365 Days

Shiba Inu project will need to stop the whales from selling to reduce the selling pressure

Key Points:

• Shiba Inu is still struggling to get use cases
• Shiba Inu has to stop whales from selling
• Bitgert might sink SHIB further

Over the past few days, Shiba Inu has made some good recovery after the crypto market got a breather after more than two weeks of a bearish market. But being one of the most hard-hit coins, SHIB will need more time and a bullish market to recover from the huge drop.

A lot has also been happening around the Shiba Inu project, with the burn portal posting an increase in the number of burned tokens. Billions of Shiba Inu have been burned so far. Shiba Metaverse is also growing bigger, and the coming of the Mercie Jastrow, the former Technicolor executive, is expected to improve its visibility.

However, Shiba Inu has been under selling pressure in the past 6 months, with the statistics showing a plummeting SHIB for these months. $SHIB has dropped 48% for the past 90 days to trade at $0.00001176 as of this writing.

Crypto analysts say that Shiba Inu shall not make big progress in the next 365 days, especially if the bear markets will be striking the market often. But there are many other factors that might slow Shiba Inu's growth. The lack of use cases is a big problem though the team is building more products to give this coin utility.

The Shiba Inu project will also need to stop the whales from selling to reduce the selling pressure, which has been the biggest reason for the plummeting price. As long as the whales are selling, Shiba Inu price will continue to drop.

But the biggest challenge for the Shiba Inu is beating the competition. There are many interesting projects like Bitgert (BRISE) that are attracting Shiba holders, including the whales. Bitgert has been pointed out as one of the biggest SHIB competitors because of the big number of Shiba Inu whales buying and accumulating Bitgert. Learn more about Bitgert below:

Bitgert

Unlike Shiba Inu, Bitgert is a real utility blockchain project. Bitgert has a use case, which is a major feature attracting Shiba investors to buy Bitgert. But the most exciting thing about the Bitgert project is the fast-growing ecosystem. The Bitgert team is delivering this project very fast while still building highly disruptive Bitgert products that are increasing Bitgert adoption.

Bitgert has delivered all products in the roadmap V1, including the revolutionary zero gas fee BRC20 blockchain. The Bitgert team is now working on the Bitgert roadmap V2, which is adding DeFi, NFT, and Web3 products into the Bitgert ecosystem. Bitgert partnered with Centcex to increase the number of products on the Bitgert ecosystem.

The Bitgert team has also promised that 1000+ new Startup Studio projects will be added to the Bitgert ecosystem.

These are developments making Bitgert a tough Shiba Inu competitor. So with this kind of competition, it will be difficult for Shiba Inu to make any significant progress in the next 365 days.