The Shiba Inu team, led by marketing lead Lucie, has shared several important statements regarding the future of SHIB and its market position.
New Way to Burn SHIB
In her post, Lucie noted that many projects have been discussing creating products based on Shiba Inu and Shibarium, but nothing concrete has been achieved so far. She stated that the reason lies in the fact that building new products requires financial investment. Lucie emphasized that Shiba Inu does not have a specific fund to finance new developments, as Ethereum or Cardano do. Thus, any product related to SHIB must first generate revenue before it can be built.
Therefore, one way to earn SHIB, according to Lucie, is through the games developed by the SHIB team. These games provide an opportunity to earn Shiba Inu and also help burn SHIB coins with every transaction.
SHIB as the 'People's Coin'
Lucie claims that SHIB was, is, and always will be 'the people's coin.' This statement echoes that of tech entrepreneur and the world's richest man, Elon Musk, who previously referred to Dogecoin as 'the people's currency.' Musk noted that DOGE is designed better for payments than Bitcoin.
Comparison of SHIB and Dogecoin
Currently, Dogecoin, launched in 2013 and recognized as the first meme coin, holds the eighth position on CoinMarketCap with a market capitalization of $35.4 billion. In contrast, Shiba Inu has recently fallen to the 22nd position, boasting a market capitalization of $7.9 billion.
Lucie's address highlights the current challenges and prospects for the Shiba Inu ecosystem and its standing in the market compared to Dogecoin.
