Shiba Inu Price Analysis: Real Potential or Dogecoin Killer?

Shiba Inu (SHIB), formerly a small meme movement, is currently ranked #13 by market capitalization according to Coinmarketcap. Shiba Inu trades at $0.00002695, with a weekly price decrease of 10% despite Bitcoin reaching an all-time high. Shiba Inu's main competitor is Dogecoin, the 7th largest currency by market capitalization. While the Shiba Inu vs Doge war is nothing new, a new cryptocurrency pre-sale in the GambleFi industry is attracting significant attention from both whales and retail investors. Rollbock (RBLK) has raised $7.2 million so far and aims to disrupt the gambling industry with a new protocol that rewards participants through profit sharing, bonuses, and APY staking. The Price Trend of Shiba Inu Fund Seems to Increase Altcoins no longer follow the exact pattern of Bitcoin price volatility. While Bitcoin recently surged above $105,000, Shiba Inu remains at a weekly and daily loss level. However, meme tokens operate slightly differently and tend to increase exponentially at the end of the price surge. Shiba Inu has been underperforming compared to Dogecoin and other major cryptocurrencies in recent months, losing market position. This is a positive indicator as it signals a higher likelihood of price increase, while other altcoins are reaching their maximum levels. Shiba Inu recently sent 250,000,000 tokens to a dedicated burn address, which may help improve its price as it enters the new year. Has Dogecoin Reached Its Maximum Price? Dogecoin has had a strong year with a price increase of over 300%. It is trading at $0.40, not far from the ATH of $0.65. Its performance is related to the appointment of Elon Musk as the head of the Department of Government Efficiency (DOGE). The price of Dogecoin is also often driven by tweets and support from Elon Musk. For many years, Dogecoin supporters have eyed the $1 mark as a goal. However, this is only a 2.5x increase from its current position, and market participants in general are not interested in smaller multiples. Most of the hype has been priced in, making Shiba Inu a potentially better option. It may not be the killer of Dogecoin, but Shiba Inu can certainly close the gap with its main competitor. DYOR! #Write2Win #Write&Earn