Shiba Inu (SHIB) exists as an enigma within the top cryptocurrency coins by market cap. Born in the recent cryptocurrency boom, Shiba Inu started as a clear derivative of Dogecoin – a purposeless coin riding the coattails of a more legitimate project. Despite this, the development team forged a project that ultimately became greater than the coin they mimicked in the first place. As if channeling the original purpose of Dogecoin (DOGE) itself, Shiba Inu transcended joke status and became a legitimate project.
This process generated a prolific number of further imitators – named after all manner of dogs and with every level of potential validity. Yet, now that the cryptocurrency market cooled, most of these imitators are gone. Only Shiba Inu remains to carry the DOGE-based token torch, an honor that they have fully embraced. Through their constant development and community engagement, they continue to reinforce the reason behind their staying power.
Shiberse vs Shibaverse
The most recent announcements from the SHIB team hinted towards a mysterious Shiberse project. Shiba Inu’s foray into the metaverse sector could bear interesting fruit, given the team’s track record. As the metaverse only exists in a nebulous concept phase, any project can effectively define their own “metaverse” within their own ecosystem.
Details remain light on the Shiberse, but the announcement left the Shiba community wonder if the Shibaverse project would be involved in some way. Created by the Shiba community, Shibaverse also intends to create a metaverse founded with the same ideas as SHIB. Regardless of their involvement, Shibaverse may be able to ride the wave of hype back to a higher price value.
Shiba Inu Thrives Against all Odds
SHIB’s persistent success in the face of a cryptocurrency downturn suggests that they’ve “crested the wave” of popularity and entered the zeitgeist of the cryptocurrency community. At a certain critical point, cryptocurrencies become synonymous with the market itself – and for now, Shiba Inu attained that fame. Such that some whales even fled into Shiba Inu as a means of hedging their losses.
Dogecoin once filled this niche as well, so Shiba Inu must maintain their level of development and good will, or risk losing their status. Yet, Dogecoin persists – even among the general public, who may not know much about cryptocurrency at all. For SHIB to completely overtake their ancestor, they must continue their miraculous trajectory for some time to come.