by Analytics Insight
May 4, 2022
Shiba Inu’s performance in the past 6 months has been nothing but a disappointment to its investors. The SHIB price has been on a free fall for this period. Lately, the team has tried to make some moves, but they have not yielded much in price.
From the Robinhood listing, a burn portal to a technical formation called exaggerated divergence, the Shiba Inu team has been trying to resuscitate the coin, but little gains have been achieved. According to crypto experts, if SHIB continues to hit lower lows, then it might not survive.
The Shiba Inu coin has been plummeting when Bitgert (BRISE) has been growing exponentially. In fact, Bitgert hit new ATHs when SHIB was dropping non-stop. Currently, Bitgert tops among the cryptocurrencies giving Shiba Inu tough competition. Even some crypto analysts believe that Bitgert might bring the Shiba era to an end.
Bitgert is currently the fastest-growing blockchain ecosystem and a project with real utility. These two features have even attracted Shiba Inu investors, who are joining Bitgert in thousands. The recent Bitgert partnership with Centcex is making this threat even more real. Read more about these two projects and how they might bring the Shiba Inu era to an end:
Bitgert (BRISE) project has been threatening Shiba Inu for a while now. Since Bitgert started launching projects faster than Shiba, it is started attracting investors’ attention. Today, the Bitgert ecosystem is the fastest-growing, with multiple products and projects launching. Bitgert is also delivering its roadmap faster than any other crypto project.
The Bitgert project launching its own blockchain left many projects behind, including Shiba Inu. With the Bitgert roadmap V2 already out, the Bitgert ecosystem growth is expected to increase. But the partnership with the Centcex project is expected to grow the Bitgert ecosystem even faster.
Centcex might not have been a direct competitor with Shiba Inu, but its partnership with Bitgert makes Centcex part of the competing projects. Centcex is building unlimited products for the Bitgert ecosystem. Therefore, Centcex will be part of the crypto projects that are increasing the Shiba Inu competition. Centcex has already started developing products and will soon start launching them on the Bitgert ecosystem.
In conclusion, Bitgert is fast becoming the #1 threat for Shiba Inu. The partnership with Centcex is going to make things worse for Shiba, as the Bitgert ecosystem is going to grow even faster.
Disclaimer: The information provided in this article is solely the author’s opinion and not investment advice – it is provided for educational purposes only. By using this, you agree that the information does not constitute any investment or financial instructions. Do conduct your own research and reach out to financial advisors before making any investment decisions.
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