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Just read this take on Shiba Inu and honestly, the bears make way more sense here. Like, everyone got hyped on SHIB back in 2021 when it was doing crazy things, but the reality check is pretty brutal - it's trading 93% below that peak and the community hype just isn't there anymore.
The core issue with Shiba Inu? There's no actual problem it solves. Yeah, they built a metaverse and a DEX and all that, but why would users pick SHIB over something with real developer support? It's basically just a speculation play at this point. Once the hype fades, there's nothing holding it up.
For that 100x return everyone dreams about to happen with Shiba Inu, the market cap would need to hit like $380 billion - that's Home Depot or Bank of America money. Possible? Technically. Likely? Nah. And if you're chasing massive returns, there are way safer bets in crypto like Bitcoin, or just go with actual tech stocks instead of gambling on a meme coin that's already lost its momentum.
The people saying SHIB could set you up for life are probably the same ones who made money early and want others to pump the price. Not falling for it.