Some Experts Say the Shiba Inu Price Will Fall to Zero by 2024 and This New Coin Is a Better Alternative – Here’s Why
Following an industry-wide decline, popular Dogecoin killer Shiba Inu is enduring a rough week with a 3.3% price slump in the last 24 hours.
The meme coin’s decline is further exacerbated with a seven-day loss of 8.3% which shows a cooling in altcoin interest market-wide.
The meme coin which stands at $0.00001026 at press time is known for its highly inflationary coin supply and crypto experts believe it is bound to fizzle down to $0 in 2024.
However, while SHIB could be on the path of no return, value-driven investors are already eyeing the next big thing in the parody coin sub-sector.
Called Love Hate Inu, this new Ethereum project comes with a bucketload of utilities including the ability to earn while casting votes on public affairs. In addition, it is deflationary with less coin supply than Shiba Inu.
Could it be the next meme star? Its successful presale seems to signal so.
At press time, the popular ERC-20 meme token is trading at 0.00001024, pointing to a 3.3% downtrend over the past 24 hours.
This downtrend of the meme coin puts its 24-hour trading volume at $184.6 million which is a whole 16.31% loss.
The dog-themed meme-coin has a seven-day price slash of 8.3% and even trading volume fell from over $340 million during the week to $180 million as of today.
The coin, which ranked ahead of the Binance USD (BUSD) last week to 13th on coin market cap, has since dropped down to 15th.
SHIB's technical indicators show the digital asset might be on a horrendous downward spiral. The virtual asset's current price is way below its 50-day moving average (MA) value of $0.00001086 with its 200-day moving average (MA) validating this bearish streak.
The dog-themed meme coin has seen a heavy dump over the past week, with its last heavy
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