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Two Reasons Why Shiba Inu's Future Is Unclear
Posted
June 3, 2022
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June 3, 2022
27
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1:27Now PlayingWhat’s the future of the Shiba Inu coin? Check out the video to learn why!
Welcome back to Bold TV with Samuel Bloomquist. Be sure to like, comment, and subscribe to Bold TV for all things Bold.
Shiba's future has been called into question for two reasons.
The first is that Ryoshi, the company's founder, abruptly resigned and removed all of his tweets and blog entries. We still don't know why Ryoshi left, but the abruptness made many people nervous about Shiba's prospects.
The second reason is that Shiba Inu coin just formed its own stablecoin, SHI, in order to benefit from the burn process and maintain its value.
Unfortunately, stablecoins have recently taken a significant knock. Stablecoins are designed to link the decentralized crypto's freedom to the fiat currency's stability. And LUNA, the Terra Blockchain's native token, is an essential component of the system that brings them together.
However, just as Shiba Inu began the stable coin process, LUNA experienced a historic crash, scaring away investors once more. However, this is not the end for Shiba Inu coin.
Many feel it has the potential to help the bear crypto market recover, and it has produced some of the strongest gains of any coin since March 2020.
Are you still holding on to your Shiba Inu coin? Do you still have faith in stablecoins? Let us know in the comments below.
Why do you think all these athletes go bankrupt? Let us know in the comments.
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