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Angel Investor Says Shiba Inu Is Destined to Win
Crypto King, a widely followed crypto analyst and angel investor, expressed confidence that Shiba Inu will stand out among the countless investable meme coins on the market.
The prominent investor expressed this sentiment in a recent post on X, countering a critical view that Shiba Inu would go extinct within the next five years. The critic argued that only two or three meme coins would remain in the top 50 rankings, predicting that SHIB would lose most of its value. Hence, this reviewer urged investors to divest from all meme coins.
In response, Crypto King opposed this perspective. He stated that those who doubt the longevity of meme coins like Shiba Inu probably have no a deep understanding from the market. He highlighted that the current bull market is attracting a wave of retail investors, many of whom are encountering meme coins like Shiba Inu on centralized exchanges for the first time.
Shiba Inu is destined to win
Significantly, Shiba Inu has secured listings in more than 130 centralized exchangesincluding almost all major global trading platforms such as Binance and Coinbase.
Crypto King emphasized that Shiba Inu’s widespread availability is a testament to its solidified presence in the market, which he believes gives it a competitive advantage.
The analyst reinforced his position by drawing an analogy between gold and a lesser-known, recently discovered shiny crystal. He posed a rhetorical question: If faced with a choice between gold and a crystal of lesser value, which would a rational person choose?
He considered that any individual with common sense would opt for gold. Crypto King emphasized that the same principle applies to established meme coins such as Shiba Inu.
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“OG memes like SHIB are destined for success,” the angel investor proclaimed. He then challenged skeptics, urging them to keep his statement and review it in two years to see the result of his prediction.
In response, some members of the crypto community awake with Crypto King’s vision, agreeing that Shiba Inu is here to stay.
More reasons why Shiba Inu are here to stay
Notably, support for Shiba Inu’s lasting presence in the crypto scene is bolstered by the fact that its development team has been actively working to evolve SHIB from a mere meme coin to a project with tangible utility in the technology sector.
For example, Shiba Inu has developed its own blockchain, Shibarium. Now, big players like Apple and Netflix of the Content Delivery and Security Association (CDSA) seek to use to solve AI-driven content problems such as deep fakes and plagiarism.
Furthermore, Shiba Inu entered into a partnership with Paris-based crypto firm Zama. The goal is to promote enhanced privacy solutions for the broader cryptocurrency industry.
Disclaimer: This content is informational and should not be considered financial advice. The opinions expressed in this article may include the personal opinions of the author and do not reflect the opinion of The Crypto Basic. Readers are encouraged to do thorough research before making any investment decisions. Crypto Basic is not responsible for any financial losses.
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