SHIB might have the same fate as Terra LUNA, which is collapsing
- Shiba Inu investors might continue to sell
- Bitgert continues to exert pressure on Shiba Inu
The next 30 days will be crucial for the Shiba Inu project. This period will greatly determine the future of the Shiba Inu coin and, more so, whether the coin will collapse. This is because of the massive drop the coin has been posting during this bearish market.
If the bearish market lasts for another 30 days from the time of this writing, then Shiba Inu might never make a comeback. The price drop might be so bad that almost all the whales will sell in the next 30 days. If this happens, then SHIB might have the same fate as Terra LUNA, which is collapsing.
The bearish market has had a negative impact on many cryptocurrencies, with a huge number of top coins losing an average of 30% in the past 30 days. However, SHIB has lost about 53% in the last 30 days. If the bearish market continues for the next 30 days and the Shiba Inu coin loses almost the same value, it might get salvaged.
This will trigger a majority of the investors to sell to avoid further losses. As the number of sellers increases, the effect will be widespread, and that’s how the Shiba Inu project will collapse. That’s why the bear market must stop now for the Shiba Inu to survive.
The Shiba Inu project will also need to beat the Bitgert (BRISE) and many other attractive projects. Bitgert is one of the toughest Shiba Inu competitors and the coin that has taken some of the selling SHIB investors.
Bitgert is killing SHIB by attracting its investors. The attractive blockchain project that the Bitgert team is building is what attracts SHIB investors to join this coin. Unlike Shiba Inu, Bitgert is a real utility project with use cases. The Bitgert team is also building a powerful blockchain ecosystem.
The Bitgert BRC20 is one of the major crypto products the Bitgert team has launched, and more products are coming in the roadmap V2. There are also 1000+ new Bitgert backed projects coming into the ecosystem in the next few months. The Centcex project is also building more projects for the Bitgert blockchain. Therefore, the Bitgert ecosystem growth will remain the fastest even with the bear market. This will attract more Shiba investors.
The bottom line is that the next 30 days will be tough for Shiba Inu if the bear market persists. In addition to the bear market, Shiba will also need to beat Bitgert’s competition.
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