The opinions expressed in this article are those of the writer, subject to the Publishing Guidelines.ДЇaisal Humayun isВ aВ senior research analyst with 12 years of industry experience in the field of credit research, equity research and financial modelling. On the date of publication, Faisal Humayun did not have (either directly or indirectly) any positions in any of the securities mentioned in this article. A big plunge might not be a good idea in any meme coin. DOGE has struggled to regain bullish momentum after trading at all-time highs of over 70 cents.ДЄt best, I would consider some speculative exposure to Shiba Inu. On the other hand, DOGE is inflationary.Д®ven with the positives, itвЂ™s worth noting that the coin still trades at a market capitalization of over $20 billion.ДЄfter a big rally in the last 12 months, I would be cautious. With a limited supply of 250 million tokens, Bone already trades at 8 cents.ДЄnother point to note is that Shiba Inu coin is deflationary, over time, the total supply will continue to decline. When investors provide liquidity on Shiba Swap, they earn Bone tokens. Shiba has also expanded the ecosystem with Leash (CCC: LEASH-USD) and Bone (CCC: BONE-USD) tokens. These NFTs are unique and will be only available on the platform. As an example, Shiba Swap currently has a total value locked of $412.6 million.ДЇurther, Shiba Swap will allow investors to buy, sell and trade non-fungible tokens. It remains to be seen if more companies start accepting SHIB coin as a payment option.ДЄnother point thatвЂ™s worth noting is that Shiba might be evolving into something thatвЂ™s more than just a meme coin. I believe that the only way for Shiba Inu to survive is wider adoption and wider use as a medium of exchange. Similarly, online electronics shop Newegg also started accepting the coin as a payment option. The company plans to add the coin as a payment option. Recently, a Canada based medical services provider added $1.5 million worth of the SHIB-USD coin to its balance sheet. It can also be said that the coin is in strong hands. Any dump by the top investors can result in a sharp correction. However, the risk is that top 100 investors own 80.38% of the coin. Shiba Inu already has 1 million investors. The bigger and stronger the community, the coin has a higher possibility of survival.ДЇrom that perspective, there are few positives. Cryptocurrency is backed by community trust. Will the Shiba Inu coin survive? ItвЂ™s anybodyвЂ™s guess.ДЇiat money is simply backed by government trust. The blockchain technology will survive and strong use cases will also survive. I can say with some conviction that 80% of the coins will go bust in the next five years. However, a majority of companies born during the euphoria fail to survive.ДЄs I write, there are over 11,000 coins listed on CoinGecko. Once the bubble goes bust, the idea lives and contributes to a better world. Simply put, every new technology or idea is followed by euphoria. However, some of the biggest technology giants of 2021 survived the crash. Once the bubble went bust, most internet stocks had lost 75% of their value. There is a similar experience with the technology, media and telecommunication bubble of 2000. That being said, the United States had a robust railroad infrastructure in place. By 1876, itвЂ™s estimated that 18,000 businesses failed. However, the boom was followed by a crash. During this period, 35,000 miles of new track were laid across the country. The United States witnessed a railroad boom between 18. And itвЂ™s not irrelevant as the cryptocurrency world gets bigger.

Investors continue to seek opportunities in meme coins that can possibly replicate these returns.Д«efore I talk further about the outlook for the Shiba Inu coin, let me briefly discuss some economic history. Even after its recent drop of more than 50%, CoinGecko points out that the SHIB-USD coin gained by more than 61,800,000% over the last year. The craze or euphoria over meme coins is understandable.

Fill me up meme