Home Shiba Inu Shiba Inu Surpasses Bitcoin

Shiba Inu Surpasses Bitcoin

Bitcoin's May-June 2022 crypto crisis hurt the volatile cryptocurrency market.

Shiba Inu Surpasses Bitcoin iBase Trading.
iBase Trading Crypto News

Bitcoin’s May-June 2022 crypto crisis hurt the volatile crypto market. From US$68k in November 2021 to US$17k in June 2022, the price has continuously declined. Bitcoin may be in the bear flag stage, but investors still expect a significant loss if it continues to drop. Shiba Inu has astonished crypto investors amid the crypto crisis. SHIB’s value has been rising thanks to the SHIB Army despite the unstable crypto market. Shiba Inu, despite being a memecoin, is exceeding Bitcoin and maintaining its reputation as a crypto.

Despite Bitcoin’s bear flag, Shiba Inus will rebound by over 30% in 2022. SHIB memecoin has begun to overtake BTC because of its unique token and Shiba Inu’s appeal. SHIB attracts crypto investors because BTC generates a lot of profit or loss pressure. Bitcoin is pessimistic about the future, but Shiba Inus are optimistic.


SHIB’s Successful Route

High inflation, an oncoming recession, strict US Federal Reserves, difficult market circumstances, insolvency, and other reasons have hurt the crypto industry and Bitcoin. It’s rare for a memecoin like Shiba Inu to beat BTC and become a major crypto in the volatile crypto market. There are 37,106,272,544,358 SHIB tokens available for buy at the current price of $0.00001041, with market size of $5.71 billion and a volume of $385,956,697. The total market capitalization of all cryptos is $897.29 billion. Terra, Tether, Bitcoin, Ethereum, and others are combating crypto collapses. The Shiba Inu uses its champion attitude to outperform other cryptos.

Why Crypto Investors like Shiba Inu

Shiba Inu replaces Dogecoin’s Scrypt-based mining algorithm with Ethereum. This memecoin is popular among crypto investors for several reasons. Elon Musk’s favourite crypto, a knowledge of tokenomics, the current crypto price, the chance of being long-term crypto, and internal improvements like Shibarium are just a few reasons why.

Crypto investors can profit from SHIB by selecting a trustworthy exchange platform with a strong password policy and a diversified portfolio. Ryoshi founded it in August 2020, but it’s already outperforming BTC. This ERC-20 token on Ethereum’s blockchain network is ranked 14th globally amid the crypto market crisis. This community holds $400 million, or 14.9% of Shiba Inu tokens, making it the second-largest Ethereum whale holding. Shibarium’s layer-2 blockchain, BONE token, Shi stablecoin, and Shiba collectible card game make it a more enticing investment than Bitcoin. These four decentralised enterprises will attract crypto investors. As demand and supply for digital tokens vary, some crypto investors have found success using the shibburn strategy. Decentralized cryptoexchange ShibaSwap was released that month.

Bitcoin, Ethereum, and other cryptos will suffer in 2022. Shiba Inu’s crypto price has been climbing, making it one of the most profitable in this crypto crash scenario. Bitcoin’s bear flag pattern shows investors losing interest as its price falls. Memecoins like Shiba Inu are thriving while most altcoins falter.

“The views and opinions on this Crypto News Website are solely those of the authors and contributors. These views and opinions do not necessarily represent those of iBaseTrading or its partners.”

Previous articleCelsius Declares Bankruptcy
Next articleCircle Says USDC Stablecoin Is Backed by Cash
Abby Hernandez is an independent crypto writer for iBaseTrading. She is passionate about NFT, decentralization and anything related to blockchain technology. She has worked in the financial sector for 7 years and loves yoga and dancing.