Ahh new kid on the block, Shiba Inu aka SHIB... The 'Dogecoin Killer' as the Cryptocurrency favourite has been affectionately had attached to the token by it's community, and beyond - something that has yet to become, but it is only a matter of time Shiba Inu coin named after the Japanese dog breed, and created rather mysteriously and anonymously in August 2020 with the name 'Ryoshi' attached as the creator - it is assumed, will eventually take over the value of Dogecoin quite simply because of the specifics behind the crypto token, and the future availability or supply and demand of SHIB.
Dogecoin is a cryptocurrency mined heavily using the Scrypt Algorithm, it is mined quicker, and in more quantity than Bitcoin, and some would argue is just as large a mining operation as Bitcoin is, with a whole boat load of less value, Doge is limitless unlike Bitcoin that will have scarcity. Shiba Inu is based on the Ethereum Blockchain and has already hit the NFT market running, and will eventually have scarcity like Bitcoin and unlike Dogecoin which can be mined pretty much forever and has currently held quite a baffling Exchange Value since the Twitter Tweets of not so environmentally friendly Elon Musk interfered with the balance in the Universe.
Let's not be mean to Elon Musk however, he has with one hand created many new millionaires via the huge Dogecoin 'pump' that saw the token hit an all time high of almost $0.75, after jumping from where it had been at the lower end of three zeros most of its existence at around $0.0002 - yet on the other hand Elon also spun some more words of help in favour of Shiba Inu, which has seen SHIB rapidly rise towards $0.01 within a few months - for what basically is seen as many as just another Shitcoin, SHIB has pulled off something quite remarkable in a short period of time - and has even made it onto the Coinbase Platform in that time.
The scope of SHIB goes further than just NFT's, but will eventually be seen on many gaming platforms and already a rise in faucets can be seen being created by the Shiba Inu community.
But here is where I get to the guts of where I am going with this article, and, why I think SHIB is being held back from hitting the first $0.10 mark even quicker than the path the token is on - currently at the time of typing out this article SHIB is trading at $0.00006500.
We all like to make a quick bit of cash, the quicker the better... but sometimes a lot of satisfaction can be gained from being very patient - in the world of cryptocurrency, one having the patience of a Saint is quite handy, as many of us know all too well. What I am edging towards here is the scourge of 'Pump and Dump' that is happening within several, if not most of the Memecoin/Shitcoin Exchange environments - SHIB has been found to have been having this problem recently - this is great for those who want to make a quick buck and move on, but can be very damaging for a crypto coin that has the potential that SHIB houses.
If investors are serious about taking Shiba Inu to somewhere special, then they would be better to concentrate their pumping and dumping at a lesser token, and perhaps look to a more long-term goal with SHIB as an investment... I can almost guarantee a much better outcome for all investors and all within the SHIB project and community.