What if Shiba Inu is Valued at Zero? Do Investors have an Escape Then?

Shiba Inu may be the first to get to the moon, but it will be a round trip with a crash landing.

After the crash of cryptocurrency Luna last month, many crypto experts believe that meme-based token Shiba Inu might be the next to go. The Finder's Shiba Inu Price Predictions Report provides a dismal forecast for dog-themed meme coin Shiba Inu, with a third of respondents predicting SHIB hits zero this year while 60% forecast that it dies by 2025. Shiba Inu is among the cryptocurrencies struggling to stay alive in the industry. The coin performance in the market has been poor, with the past 6 months being a non-stop plunging. The bad news is that Shiba Inu has almost zero chances of surviving in this industry.

One of the reasons why SHIB is constantly falling is due to the lack of utility or real use case for the Shiba Inu coin. Since the coin launched as a meme coin, it was not meant to run any ecosystem. This is because the project was never built around a solid crypto project. Shiba was just built on the marketing hype like all other meme coins. Though the team has been trying to collect the problem by building more products for the Shiba Inu ecosystem.

To be sure, Shiba Inu isn't the only coin that investors are being warned of. Neither is it the first time that such warnings have been issued. Like Shiba, experts have often warned investors that Dogecoin could attain zero value any day. The price of DOGE was pegged at around US$0.08 at the time of writing, by Coinmarketcap. The coin's price had jumped to around 16 cents after the news that Tesla CEO Elon Musk was going to buy Twitter but quickly fell to 13 cents in a matter of days after that.

If you are thinking about investing in Shiba Inu (SHIB), we recommend doing lot of research. This advice is for all coins, tokens or any other crypto asset – proceed with caution and proper research. Coming to SHIB, it is still a volatile crypto asset and you need a proper understanding of meme coins, risk analysis and other indicators to move forward.