AMC, Robinhood, coinbase, Apple, Netflix Announced Shiba inu price will skyrocket!!

AMC, Robinhood, coinbase, Apple, Netflix Announced Shiba inu price will skyrocket!!
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Shiba Inu, a coin often dismissed as a joke, has risen by more than 700% across October. A savvy investor who bought $100 when Shiba first debuted in August 2020 would be “in the top 1% of the wealthiest households in America” 15 months later.
While 8 of the top ten cryptos have been trading in red, Shiba is looking to restart its bull run and eat another zero as it targets new all-time highs.

Since Shiba Inu seeks to promote utility over its meme coin origins, Shiba holders are dropping the meme coin description when talking about it.

Launching projects such as Shiboshi NFTs and ShibaSwap has expanded its ecosystem beyond a meme.

SHIB is looking to break clear of the negative undertones of these kinds of cryptocurrencies – often called scams or Ponzi schemes.

“SHIB is not a mere meme coin anymore,” tweeted Shiba advocate Cris Kimura. “Now, SHIB is a payment currency that will be available worldwide soon.”

With SHIB shoved further into the limelight in the last month, the SHibaArmy has stopped calling Shiba Inu a meme coin. Tweets dodging the meme coin label have gained hundreds, or thousands of likes, for instance.

So why drop the meme coin category?

With endless new meme coins launching every day into a crowded market, there is a widespread view among the wider cryptocurrency community that these tokens offer little value, and are get-rich-quick schemes. Their existence remains a hot topic on any platform discussing cryptocurrencies.

These meme coins are being generated by the dozen each hour, the vast majority will be scams, rug pulls, and pump & dumps. So, we can’t blame the absurd against-meme-hype. And the recent Squid Game Token crash has highlighted the issue with these tokens.

As SHIB earmarks mass adoption with its newfound fame, its link to meme coins gives little benefit to SHIB.

When focusing on the utility, whether it be the upcoming Shibarium L2 or the Oshiverse NFT game, Shiba could put itself in a more upright position for long-term institutional investors and supporters.

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