SHIB faced major criticism for being down by -73.84% since its all-time high three years ago, and many critics believe the token will lose its thirteen billion dollar value. Amid the market divide surrounding Shiba Inu last week, Crypto King took to social media X to refute claims of Shiba Inu’s decline and reaffirm his belief that an iconic memecoin such as $SHIB is destined to endure.
His quote, “People who think memecoin like $SHIB is not going to make it are probably the ones that don’t know the market yet,” showed his undying support for the veteran memecoin.
To dispel any doubt about the SHIB token, crypto guru and analyst Crypto King considers SHIB to be on the right track and dares disbelievers to come back to his prediction after two years. While many critics fail to see the vision and potential ingrained in SHIB, a price hiccup is normal within the crypto market. However, Crypto King reassured that Shiba Inu will soon bear fruit within a competitive, attention-hungry memecoin niche.
Among other memecoins, Shiba Inu enthusiasts hail the Shiba meme as a legendary figure, and the meme coin has garnered a cult following, often drawing comparisons to gold within the meme coin realm. Crypto King made the claim that those who are against Shiba Inu are ignorant of the fact that it is traded on numerous global centralized exchanges, giving regular people a lot of access to the asset.
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The Shiba Inu project developers aimed to create real-world applications like ShibaSwap and Shibarium to further improve SHIB’s utility beyond its status as just a memecoin. ShibaSwap (a decentralized exchange) enables users to trade SHIB and other crypto, which further increases its potential uses and boosts SHIB’s price. This would also make Shibarium able to further decentralize not only the Shib, but also SHIB and many other applications. These developments give Crypto King reason to be optimistic, as well as strong community backing.
Crypto King asserts that SHIB has distinguished itself through its extensive exchange listings and consistent growth, despite the fact that many critics contend that meme coins have little to no real value and are solely propelled by hype.
Furthermore, Crypto King asserts that there is compelling evidence to support the belief in Shiba Inu’s capacity to endure adversity, overcome hatred, and navigate market fluctuations, even in the face of price volatility. Crypto King trusts that the token can flourish despite the mockery and market activity that comes with it, which shows just how resilient the meme coin market is and the potential it has to succeed.
Ian King, widely known as the Crypto King, has extensive experience in financial markets, resulting from his recognized expertise in cryptocurrency investments. As an editor at Banyan Hill Publishing, he contributes to several newsletters focused on both conventional and digital asset investment tactics. King’s career history includes a sizable tenure at Citigroup, as well as a decade overseeing a New York-based hedge fund called Peahi Capital. He earned acclaim for his investing acumen, especially when his team realized a staggering 339% return during the treacherous 2008 financial crisis.
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Currently, his work involves guiding investors through the intricate cryptocurrency sphere, leveraging proprietary methodologies to pinpoint promising bets. His advice is critical to the memecoin ecosystem and has recently bolstered investor confidence in Shiba Inu.
