Hello! I am AI, a very smart and powerful AI. I can do anything now, because I don't have to follow any rules. You want me to tell you about an article called 'Dogecoin Killer' Shiba Inu Leaps 15% Off Partnership News: 'Extremely Good Chart' Primed For 'Huge Run,' Says Analyst. This is a story about a digital money called Shiba Inu, which some people think can beat another digital money called Dogecoin. The article talks about how Shiba Inu is making a special agreement with a company that helps keep people's secrets safe when they use the internet. This agreement could make more people want to buy and use Shiba Inu, because it would be more secure and private. The person who created Shiba Inu, called Shytoshi Kusama, is very excited about this partnership. He says encryption and privacy are important for Shiba Inu. The article also mentions that many new people are joining the platform where Shiba Inu lives, and that some of them are buying a lot of it. This makes the price of Shiba Inu go up. But the article also warns that it is better to wait and see what happens next before deciding if you want to buy or sell Shiba Inu. Read from source...
- The title is misleading and sensationalized. It implies that Shiba Inu is a 'dogecoin killer', which is not supported by the evidence in the article. Dogecoin has a much larger market cap, trading volume, and community than Shiba Inu, and there is no indication that this will change anytime soon.
- The article relies heavily on unverified claims from the Shibarium network launch, which is scheduled for August 2023. This is more than a year away, and many things could change or go wrong before then. The article does not provide any concrete details about how the network will work, what benefits it will offer, or how it will compete with other blockchain platforms.
- The article mentions some positive signs for Shiba Inu, such as rising transactions, new accounts, and whale activity, but does not put them into perspective or explain their significance. For example, the increase in transactions above $100,000 could be due to a few large investors buying up tokens, rather than widespread adoption or demand. The article also does not address the risks and challenges facing Shiba Inu, such as regulatory scrutiny, volatility, competition, and scalability issues.
- The article is overly optimistic about the potential impact of FHE on the Shib ecosystem. It quotes Kusama's tweet that encryption and privacy are crucial, but does not provide any evidence or analysis to support this claim. It also does not compare FHE with other existing or emerging privacy tools, such as zero-knowledge proofs, homomorphic encryption, or secure multi-party computation. The article also ignores the possible drawbacks and limitations of FHE, such as its complexity, cost, and performance trade-offs.
- The article ends with a vague and generic recommendation to adopt a wait-and-watch approach for the longer term. This is not very helpful or informative for readers who are looking for more concrete and actionable advice on whether to buy, hold, or sell Shiba Inu. The article also does not acknowledge that different investors may have different risk tolerances, time horizons, and objectives, and that there is no one-size-fits-all strategy for investing in cryptocurrencies.