Shiba Inu is a digital money, just like Dogecoin, but some people think it can become more popular and valuable than Dogecoin. A person who studies digital money said that Shiba Inu is catching up to Dogecoin, which means it's getting closer in value. Some other people also believe that Shiba Inu could be worth even more in the future, so they are buying it and hoping to make money when its value goes up. Read from source...
1. The headline is misleading and sensationalized, implying that Shiba Inu is a "Dogecoin killer" when it is just another meme coin with no inherent value or use case beyond being a speculative asset.
2. The article relies on an unnamed crypto analyst who makes vague and baseless claims about Shiba Inu's on-chain activity, without providing any evidence or data to support his assertions. This creates a sense of mystery and uncertainty around the token, which could attract more attention but also sow confusion and doubt among potential investors.
3. The article mentions that Shiba Inu has overtaken the market capitalizations of several established technology firms like Zoom, Snap, eBay, and MicroStrategy, but fails to acknowledge that these companies have real products, services, and revenues that justify their valuations, unlike Shiba Inu. This comparison is apples-to-oranges and irrelevant, as it does not reflect the fundamental value or potential of either entity.
4. The article cites Oscar Ramos, an investor and analyst who claims that Shiba Inu's price could rise to $0.0001 within the next three years, based on its historic surge in October 2021. However, this prediction is highly speculative and arbitrary, as it does not take into account any historical trends, market conditions, or technical indicators that could influence the token's performance. Ramos also assigns a 100% probability to this outcome, which is unrealistic and overconfident, as no one can predict with certainty what will happen in the crypto markets.
5. The article ends with the current price of Shiba Inu, which is irrelevant for readers who want to know more about its fundamentals, prospects, or challenges. The price is also volatile and subject to rapid changes based on social media hype, whale activity, or other external factors that have little to do with the token's intrinsic value or potential.
Summary:
The article is a poorly written piece of clickbait that tries to generate interest in Shiba Inu by making false or exaggerated claims about its performance and prospects. It lacks credibility, objectivity, and depth, and does not provide any useful information for investors who want to make informed decisions about this token. The article is an example of how low-quality journalism can distort the perception and reality of the crypto market, creating unrealistic expectations and risks for unsuspecting readers.