Is Shiba Inu Going to Zero? Price Dead, New Crypto SHIB 2.0 Pumps - Are These 2 Meme Tokens Next

Is Shiba Inu Going to Zero? Price Dead, New Crypto SHIB 2.0 Pumps – Are These 2 Meme Tokens Next

Updated: 30 June 2023

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With the Shiba Inu price making new lows, the new Uniswap coin SHIB 2.0 is pumping alongside Pepe 2.0 and Doge 2.0. Have traders moved on from $SHIB? The memecoin community have already started looking at these new projects as better alternatives, given the reemerging popularity of bizarre but community-driven meme tokens.

Shiba Inu Dumps While SHIB 2.0 Pumps

Shiba Inu is arguably one of the most popular meme tokens in the industry, given the size of its community and the traction it gains on social media platforms. In the past, investing in the project has proven to be highly lucrative, with substantial gains reported by many investors.

However, the recent months have witnessed a shift in market dynamics. While Shiba Inu enjoyed significant success in 2021, it has faced challenges in maintaining the same level of attention and traction in 2023. Conversely, other newly introduced meme tokens have experienced notable growth and success in the current bullish market conditions.

As of the latest update, Shiba Inu currently holds a market capitalization of approximately $4.3 billion, with its trading price hovering around $0.0000073. The token experienced a notable decline in value starting from October 2021, after reaching its peak of around $0.000079.

Since then, the price of SHIB has witnessed a substantial downward trend, occasionally displaying minor fluctuations but without any significant reversals. There are several within the meme token community who believe that SHIB may in fact dump further, and eventually fizzle out losing all value.

In contrast, SHIB 2.0, a recently introduced project, has quickly gained significant attention and experienced a remarkable surge in price. According to Coinmarketcap, the token’s data has been monitored starting from a price of approximately $0.00058. Since its launch, SHIB 2.0 has witnessed an impressive increase of over 100% within a span of just one day, currently trading at around $0.003 and boasting a market capitalization exceeding $3 million.

For investors, the sudden rise of a token like Shiba Inu may have been quite unexpected. However, following the bullish market trend of 2021, it became apparent that the cryptocurrency industry was becoming more open to embracing meme-based coins.

Shib 2.0 – $shib2.0
2.0 meta gamble
Don’t know the team
Eth

Aped fat here at 50k and watched from vip together with the lads.

This gonna be a runner. 2/2 tax. Lp Burned. And big narrative. Couple big names in the chat. Already 300k and my fingers can’t type fast enough. 6x for… pic.twitter.com/ECr88X80th

— Sagat Calls (@SagatCalls) June 29, 2023

The emergence of unrelated but similar-named 2.0 versions of popular memecoins may also indicate a potential upcoming trend that could prove lucrative for many enthusiasts of meme coins. Several investors in SHIB 2.0 echoed similar sentiments on various social media platforms, including Twitter.

Similar Alternatives that Could Pump Next

While SHIB 2.0 has proven to be a lucrative investment for numerous individuals, there are other projects with similar concepts that investors have been eyeing for potential future growth. These projects have also attracted significant attention within the community of meme token enthusiasts.

Here are two examples of such projects that have already amassed a dedicated fan base and are expected to experience further price increases in the weeks ahead.

1) Pepe 2.0

During the recent bull market, Pepe emerged as one of the standout memecoins, experiencing a significant surge in value. The project captured substantial attention within the crypto industry, playing a role in the increased popularity of memecoins. Pepe 2.0 positions itself as an opportunity for investors who may have missed out on the profit wave generated by the original PEPE token, offering them a fresh chance to potentially reap financial gains.

Pepe 2.0 experienced an astonishing and unexpected pump, skyrocketing by over 50,000% within a single day. As of the present moment, the token is being traded at around $0.00000010, accompanied by a market capitalization surpassing $44 million. Several Twitter users have expressed their enthusiasm for the token, sharing stories of how even a small investment in Pepe 2.0 transformed them into millionaires.

2) Doge 2.0

Launched approximately a day ago, the Doge 2.0 project draws inspiration from the original Dogecoin, which gained popularity as the “people’s crypto” and received endorsement from Elon Musk. Despite being less than a week old, Doge 2.0 has already witnessed a remarkable price surge of 376%, despite being a project with a relatively small market capitalization. Investors are anticipating that Doge 2.0 will gain significant popularity in the coming days, taking into account the enduring fame of Dogecoin over the course of several years.

Conclusion

Although the emergence of these 2.0 projects presents an opportunity for potential profits, it is essential to approach this trend with caution. While the interest in cryptocurrencies is undoubtedly rising, it is premature to expect these “shitcoins” to serve as reliable long-term assets that can consistently generate profits.

However, for those seeking to invest in memecoins that carry a higher risk of potential gains or losses, these cryptocurrencies could be worth considering. It is important to remember that investing in such volatile assets carries the risk of losing the entire investment. Prudent evaluation and understanding of the associated risks are crucial when considering these types of investments.

Smog (SMOG) - Meme Coin With Rewards

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