SHIB News: Investors Abandon Shiba Inu for Rollblock’s Real-World Utility and DeFi Options

The cryptocurrency market is experiencing a significant shift as investors move away from meme coins like Shiba Inu (SHIB) and towards tokens with inherent value and real-world utility. Rollblock (RBLK) has emerged as a prominent player in this space, capturing investor interest with its DeFi options on a crypto platform.

Shiba Inu Coin Hype Fades As Rollblock Real World Utility Captures Investor Interest

For two years, the Shiba Inu coin was the benchmark for high yields in crypto. However, it had a fatal flaw: it has no inherent value, causing an 85% value drop as tokens with real-world utility and DeFi options became more sustainable. Investors are shifting from meme coins to tokens with inherent value, which is why Rollblock has gained $11 million in liquidity. Rollblock (RBLK) offers DeFi options on a crypto casino.

SHIB Price Prediction: Can Shiba Inu Ever Hit $0.01?

Shiba Inu holders dream of the token reaching $0.01, but with a massive supply of 589 trillion tokens, it faces serious hurdles. Even aggressive burns may not push the price that high, leading investors to explore alternatives like Remittix (RTX) with stronger fundamentals. Shiba Inu’s blockchain, Shibarium, failed to meet expectations, with its daily transaction count plummeting.

Shiba Inu Price Eyes Bullish Reversal

Shiba Inu price is facing selling pressure as the broader cryptocurrency market experiences an increased sell-off. Over the past week, SHIB price has declined by almost 9%, putting immense pressure on the significant psychological level of $0.000010. This level has been crucial in reversal patterns in the past and is significant for the token’s future direction. Currently, Shiba Inu is striving to hold this level to prevent further losses. Analysts believe this level can act as a support level, allowing SHIB to break the falling channel pattern. Shiba Inu is down by 65% from its swing high of $0.00003285 and is in a falling channel on the daily chart.

Shiba Inu Price Prediction: Will It Repeat Its 2021 Run?

Shiba Inu price prediction has been a hot topic since its 2021 bull run turned small investments into life-changing gains. Many meme coins are fighting for attention, but Dawgz AI offers 24/7 AI-powered trading and staking rewards for ETH buyers. Shiba Inu (SHIB) went from being a joke to a serious investment in 2021, making early holders rich overnight. The article discusses the 2021 boom and the factors behind it.