Shiba Inu’s Biggest Strength Is Not Meme Hype Anymore, Its This

Shiba Inu (SHIB) had one of the biggest launches in crypto history. The asset saw a massive price spike within months of its launch in August 2020. SHIB’s price rallied by several million percent and went on to hit an all-time high of $0.00008616 in October 2021. SHIB’s price has seen a significant dip since its 2021 peak. Let’s discuss how SHIB has gone from being a memecoin to becoming an all-rounder cryptocurrency project.

Shiba Inu’s Big Strength Is Not Meme Crypto Culture Anymore

Shiba Inu (SHIB) was first launched as a rival to Dogecoin (DOGE). The coin was also labeled as the “Doge killer.” SHIB’s price was also moving in tandem with the larger memecoin market. While SHIB was initially launched as a memecoin, the project has since outgrown its meme origins.

Firstly, memecoins do not have any real world use cases. They represent online internet culture and are defined more as collectibles, than actual assets. Shiba Inu (SHIB), however, has made substantial inroads into becoming a real blockchain project.

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