News about Shiba Inu

Shiba Inu, created in 2020 by an anonymous developer, has lost over 90% of its 2021 peak and traded at $0.000005 per token as of Oct. 24. The article argues $1 is out of reach because demand is weak, with only 1,242 businesses accepting it according to Cryptwerk, while supply is huge, with 589.2 trillion tokens in circulation and a market cap of $2.9 billion. At $1 per token, the market cap would be $589.2 trillion, so token burns would need to be enormous: at September's pace of 137.5 million tokens burned, it would take 357,090 years. Burning also creates no net value, since every holder would have to sacrifice 99.99998% of their tokens, leaving their net financial position unchanged, and the author concludes Shiba Inu certainly won't reach $1 in 2027.

The article reviews three cryptocurrencies that are down 30% or more this year: XRP, Dogecoin and Shiba Inu. The author sees XRP, with a market cap of about $82.4 billion and ties to Ripple and its RLUSD stablecoin, as worth a small speculative position, though any boost to token demand from network activity is hard to predict. Dogecoin (market cap about $13.5 billion, down about 34% this year) and Shiba Inu (market cap just under $3 billion, down about 31%) are described as lacking clear technical advantages, and the author does not see either as a suitable choice at this time.

The article compares Bitcoin and Shiba Inu and concludes Bitcoin is the better buy, citing its fixed supply of 21 million coins, an inflation rate cut in half roughly every four years, and growing institutional involvement. The iShares Bitcoin Trust, the largest such ETF, has $66 billion in assets, and the Czech National Bank became the first central bank to buy Bitcoin for its reserves. Shiba Inu had explosive growth in 2021 and now trades 94% below its peak, though supporters point to its Shibarium layer-2 network, ShibaSwap exchange and a metaverse launched in early 2025. The author notes 714 million tokens were burned in the last 30 days against 589 trillion in circulation. Over three years, Bitcoin rose 212% while Shiba Inu fell 23%, and the author advises investors to stick with proven assets and avoid excessive risk chasing quick gains.

The article compares Bitcoin and Shiba Inu, and the author concludes Bitcoin is the better buy. Bitcoin, with a $1.7 trillion market cap, is presented as a long-term asset because of its fixed supply of 21 million coins, issuance halving roughly every four years, and spot Bitcoin ETF approvals in early 2024, with the iShares Bitcoin Trust alone holding $66 billion in assets. Shiba Inu is described as a meme token viewed mainly as speculative, trading 94% below its end-2021 level as of Oct. 12, despite an ecosystem that includes Shibarium, ShibaSwap and a metaverse, while 714 million tokens were burned in the last 30 days out of 589 trillion outstanding. Over the past three years, Bitcoin rose 212% while Shiba Inu fell 23%, which the author cites as a reason to stick with the proven asset and avoid excessive risk.