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0 CommentsThe Coin Bureau head might change his mind about Shiba Inu (SHIB), the Dogecoin (DOGE) copycat currency. According to Coin Bureau, the crypto asset surged 47,387,400% this year and might become a dark horse in the Ethereum ecosystem.
In a new strategy video dedicated only to Shiba Inu, the Coin Bureau host, also known as the “Guy,” said to his 1.15 million YouTube subscribers that since Coinbase decided to list SHIB, he’s started to pay closer attention to the coin.
“Shiba Inu is one of the cryptos in this category, and it’s one that I’ve only ever mentioned in a negative context,” said the analyst in his video. “But when I heard that Coinbase will be listing SHIB, however, I began to consider the possibility that there might be more to Shiba Inu than meets the eye.”
According to CoinGecko, Shiba Inu has boosted by an unbelievable 47,387,400%, partially due to the tweets of Elon Musk, from trading at $0.00000000008 on January 1st to an all-time peak of $0.00003791 in mid-May before falling back.
Guy guessed that SHIB might have a close relation to the Ethereum ecosystem. Also, Shiba Inu could have a serious developer team, including its creator Ryoshi, a big name in the crypto world.
“Where Shiba Inu and Dogecoin differ are the connections they have to the crypto community. DOGE is really just a meme and nothing more,” he added in the video. “By contrast, SHIB is close to becoming a big player in Ethereum’s ecosystem by overcoming the shortcomings of Dogecoin. As community-driven as Shiba Inu is, there definitely seem to be some seriously prolific people behind the project.“
The head of the Coin Bureau said that while he is not fully deep into the project, he does admire that the ‘meme-currency’ project is attempting to benefit all holders, not only the early comers.
Although experts still uncertain about the long-term prospects of the potential Dogecoin’s competitor, the market analyst of FXLeaders recently suggested that Shiba Inu is giving some hope on the breakout towards the upside.
