A cryptocurrency analyst said that Shiba Inu, also known as "Dogecoin Killer", is getting closer to Dogecoin in value and popularity. This means people are starting to like it more and buy more of it, making its price go up. Some experts think it can get even higher in the future. But right now, Shiba Inu's price is going down a bit compared to before. Read from source...
- The title is misleading and sensationalist, as it implies that Shiba Inu is catching up to Dogecoin in terms of market cap or adoption, which is not the case. A more accurate title would be "Shiba Inu Gains Popularity Among Retail Investors, Surpasses Some Established Firms' Market Caps".
- The article uses vague and subjective terms such as "craziness" and "conviction" to describe the on-chain activity and price predictions of Shiba Inu. These terms do not provide any concrete or objective information for the readers, but rather create a sense of hype and speculation around the coin.
- The article relies heavily on the opinions and predictions of one analyst, Daan Crypto Trades, without providing any evidence or data to support his claims. This creates a false impression that his views are widely shared and accepted by other experts in the field, which may not be the case. A more balanced approach would be to include multiple sources and perspectives on Shiba Inu's performance and potential.
- The article mentions Shiba Inu's historic surge to $0.00008 in October 2021, but does not provide any context or analysis of the factors that contributed to this event. Nor does it discuss how sustainable or repeatable this phenomenon is, or what implications it has for the coin's future prospects. This leaves the readers with an incomplete and partial understanding of Shiba Inu's history and volatility.