Where Will Shiba Inu Be in 1 Year?

Group 1 - Shiba Inu, a meme coin, experienced a staggering total gain of 11,430,362% at its peak, despite lacking real-world advantages over other cryptocurrencies [1] - The cryptocurrency remains relevant in the market due to its record-breaking rally, although it is overshadowed by larger alternatives [2] - Shiba Inu is an ERC-20 token on the Ethereum network, which allows it to be fungible and interchangeable, distinguishing it from non-fungible tokens (NFTs) [3] Group 2 - Being an ERC-20 token provides Shiba Inu with advantages such as reduced development time and costs, as well as benefits from Ethereum's transaction capacity and continuous upgrades [4] - However, Shiba Inu faces challenges like network congestion and fluctuating transaction fees, which currently average $0.32 but can exceed $2 during high volume periods [5] - The developers of Shiba Inu are attempting to create a decentralized ecosystem, including a decentralized exchange called ShibaSwap, which allows users to swap tokens and earn rewards through a staking-like process [7]