SHIB Is A “Bone-fied” DeFi Project and Beyond a Meme
Dogecoin is a meme. All these other “Inu” projects are memes too. SHIB started out as meme but is proving to be something more. Nothing wrong with meme projects they are built on hype and marketing. Longevity is based on the community interest around the project. If a project is solid enough it will grow beyond the community and hold its own.
Dogecoin is actually one of those meme projects that has turned out quite solid. Elon is supposedly working withe Doge developers to see where they can take it next. Dogecoin is similar to bitcoin. Its growth is simply based on what people perceive as its value. Dogecoin will not go away anytime soon. It is the one meme coin to rule them all.
Bitcoin to Ethereum is what Dogecoin is to SHIB. People know bitcoin will always and forever hold its own. It is the Grandfather of Crypto. However, Ethereum has quicker transactions and was created for other projects to thrive on its blockchain.
Dogecoin has cemented its place in the ethos of crypto memes. In reality it has no real utility, it was a joke to start out with. Now don’t get me wrong here. I mean no disrespect to the Dogecoin community. Dogecoin has surged in value and sits in CoinmarketCaps top ten cryptos. It has a marketcap value of over 35b. That in itself is a feat for a meme token. It over took XRP.
That takes us to SHIB. This token has been trending on CoinmarketCaps most looked up crypto for the past few months. It has grabbed the attention of major news outlets and is even listed on Binance and soon to be listed on Coinbase. It also has a very solid community behind it. Over 500k holders and even has an official twitter account.
The thing is unlike Dogecoin, SHIB has something that is very unique up its sleeve. It has the one thing that sets it apart from the other meme tokens. It is what makes SHIB more than a meme, its a “bone-efied” DeFi Project thanks to ShibaSwap.
SHIB has only begun to show its teeth. Remember what the critics said about Bitcoin when it started? How about the haters saying Doge would never hit a penny. Goodness, Dogecoins supply is unlimited and has no fixed circulating amount. The point is SHIB is a beast and this is only the beginning.
The ShibaSwap is similar to Pancake, UNI or Sushiswap. Similar but not the same. Its functions are similar Burying is like staking and Digging is like your LP pool. ShibaSwap was built to grow the SHIB Token to take it beyond the meme and give it some real utility. The SS is being verified by Certik. Its a very big deal.
SHIB has been going though ups and downs the past weeks. Some holders who don’t get it simply sell out. However, crypto always rewards those with the diamond hands. If you look closely SHIB has a nice paced organic growth in just this past week alone. That right there is key in believing and knowing that this project has legs, it has scalability. With Bitcoins wild swings, SHIB has been following at the same time its holding its own creeping up slow and steady doing its own thing.
Bitcoin can’t shake Ethereum. Dogecoin cannot shake SHIB. It is coming up. The other “inu” tokens will fade with the release of ShibaSwap. If you are a SHIB holder happy days await you. If you are a SHIB doubter its ok, do your thing. If you are thinking of jumping into SHIB now is a buyers market.
SHIB is a community of passionate individuals with crypto dreams. It is my hope that we can continue to respect the other legit crypto projects around us and at the same time keep pushing SHIB to greatness. Ignore the haters. Keep it clean.
Diamond hands are forever.
note: Do your own Due Diligence in researching any and all crypto projects you plan on joining. The views in this article are my personal opinions.