Key Points:
The Shiba Inu performance is now the most discussed topic in the market. With Ryoshi exiting and the bears ravaging the crypto market, the Shiba Inu coin has found itself in a situation that is likely to trigger a sharp downward trend. But what is next for the Shiba Inu project?
Well, the price performance of the Shiba Inu coin is currently the most important thing. With SHIB already down another zero to '5 zeroes' now, Shiba Inu might be headed for another deadly sharp price drop. This will be driven by the market forces that affect the entire market. The rising inflation has prompted Fed to increase the rates in the financial market.
The Fed's move to hike rates is negatively affecting the stock and crypto markets. The plummeting Shiba Inu price has been driven by these regulations, which has triggered massive withdrawals. The exit of Ryoshi is another reason why Shiba might continue to experience a downward trend.
However, the Shiba Inu ecosystem is expected to continue growing going forward. The metaverse, Shibarium, and many other Shiba products are coming up in the next few months. However, Shiba Inu will also need to brace itself for a rough competition from Bitgert (BRISE). Bitgert is one of the biggest competitors.
This is because the Bitgert coin has been bullish over the past few months. That's why the Bitgert community has been growing every day. The Bitgert team announced reaching 150k holders this year, up from the 130k a few weeks ago. Therefore, more and more crypto investors are buying Bitgert this year.
Bitgert (BRISE) price is projected to keep surging this week and the whole of this month. This is due to the massive Bitgert developments that are coming up in a few months. The Bitgert roadmap V2 products, the Bitgert backed projects, and the Bitgert FOMO are key factors that will keep the Bitgert coin bullish this year.
So the Bitgert growth is almost a guarantee, while Shiba Inu's future might be uncertain.
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