3 Reasons I Will Never Buy Shiba Inu

Core Insights - Shiba Inu (CRYPTO: SHIB) has a market cap of $5 billion as of December 6, and was created to be a more functional blockchain compared to Dogecoin [1] - The price of Shiba Inu has increased significantly from $0.0000000001684 five years ago to $0.000008439 today, but has experienced a 60% decline in 2023 [2][6] Group 1 - Shiba Inu does not address a real-world problem, with its price movements driven by unpredictable hype cycles rather than fundamental value [4][5] - Despite some projects like a metaverse and decentralized exchange, adoption remains low, and Shiba Inu does not rank among the top 100 cryptocurrencies for developer activity [5] Group 2 - The excitement surrounding Shiba Inu has diminished, with its all-time high price of $0.00008845 being 90% higher than its current trading price [6][7] - The long-term trend suggests a loss of interest from the investment community, indicating that Shiba Inu's peak performance may be in the past [7] Group 3 - Investors are encouraged to seek better investment opportunities, as Shiba Inu's blockchain does not solve any significant problems [8][9] - There are numerous digital assets available, with Bitcoin being highlighted as a more promising option due to its aim to address issues in the monetary system [10]