The crypto market is still experiencing severe turbulence even though most coins have posted an impressive recovery in the past 24 hours. Shiba Inu is one of them. Although the price of Shiba Inu is showing signs of a rebound, according to crypto experts, the coin is not out of the wood yet. There are still a lot of threats around this coin that could make it the next Terra Luna.
Crypto experts suggest that the Shiba Inu is almost in the same type as Terra Luna. They are all projects that haven’t built on a solid product. They have no real use case. The biggest challenge Shiba Inu faces is the lack of utility. This is because Shiba Inu started as a meme coin and built its massive market capitalization on hype, not the real product. That’s why experts warn that Shiba Inu could be the next Terra LUNA, especially if whales keep selling. The lack of use cases was also one of the main reasons making Shiba Inu drop sharply in the past 6 months.
In fact, a lot of investors sold Shiba Inu to join more solid projects. A typical example is Bitgert (BRISE), one of the fastest growing cryptocurrencies. As Shiba Inu lost investors, the number of Bitgert owners increased. The Bitgert project is also among the few cryptocurrencies that keep prices stable during the current bear market. This is because Bitgert investors are still holding and there are a lot of new investors joining the project. That shows how solid Bitgert is.
In short, if Shiba Inu doesn’t want to be the next Terra LUNA, it has to have a real use case. Bitgert is also predicted to attract more Shiba Inu investors if the SHIB price continues to fall.
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