Shiba Inu Market Cap To Be Taken Over by this Rival Token in 2024, Experts Reckon
The volatile world of meme-based cryptocurrencies has witnessed surprising ups and downs. Shiba Inu (SHIB), known as the “Dogecoin killer,” gained attention in 2021 by briefly overtaking Dogecoin (DOGE) in the market cap. However, its momentum has waned in 2022 and 2023.Despite its $7 billion market cap driven by community enthusiasm and viral marketing, experts are looking at Retik Finance’s (RETIK) unique utility and ambitious roadmap as potential game-changers. Could 2024 mark the transfer of the coin crown? Let’s analyze the contenders’ facts and figures.
Shiba Inu (SHIB) burst onto the scene in 2021, riding a wave of Dogecoin (DOGE) mania and an army of devoted “Shiba Army” supporters. Its price skyrocketed, reaching an all-time high of $0.000088 in October 2021, propelling it into the top 15 cryptocurrencies by market cap. However, the meme magic has faded in recent months, with SHIB’s price plummeting over 87% from its peak. Its current market cap hovers around $6.2 billion, placing it 16th in the rankings.SHIB’s success has largely been attributed to its meme coin status and community fervour. Critics point to its lack of real-world utility and underlying technology as potential vulnerabilities. Despite recent efforts to build an ecosystem around SHIB, including the ShibaSwap decentralized exchange (DEX) and the upcoming Shibarium blockchain, concerns about long-term sustainability remain.
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While Shiba Inu thrives on community sentiment and meme culture, Retik Finance takes a different approach. This DeFi platform focuses on providing real-world utility through its suite of financial solutions, including:Shiba Inu’s charm lies in its association with the popular Shiba Inu
