Is It a Better Buy Than Bitcoin Right Now?
From Yahoo Finance: 2025-04-18 06:10:00
Shiba Inu, a meme token, is 87% below its all-time high as of April 17. Speculative investors may see this as an opportunity compared to Bitcoin. Shiba Inu has a market cap of $7 billion with updates like Shibarium for faster transactions, but lacks competitive strengths and developer support.
Shiba Inu’s price is influenced by hype cycles, making it a risky investment. Although it has a strong fan base, its real-world utility is limited with low total value locked on ShibaSwap. Investors are losing interest, and competition from other cryptocurrencies poses a challenge.
Bitcoin, with a fixed supply cap of 21 million coins, stands out against Shiba Inu’s 589 trillion tokens. It is fully decentralized, widely accepted, and supported by regulatory buy-in. The durability and track record of Bitcoin make it a smarter long-term investment choice compared to Shiba Inu.
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