- Upsurge in Unsustainable Crypto Projects
- Crypto Project's Survival Depends on Utility
- Shiba Inu Market Situation
In her characteristic manner, Lucie, the marketing lead of the Shiba Inu ecosystem, has issued a crucial message to cryptocurrency investors and members looking to invest. She highlighted the growing trend in the crypto ecosystem, which has led to an oversaturation of the space with nonviable projects.
Upsurge in Unsustainable Crypto Projects
According to Lucie, many of these new projects lack genuine supporters. Even when present, the support base is often too small to guarantee sustainability. Therefore, when a new chain with only a few hundred supporters enters the market, the resultant effect often becomes 'pump-and-dump.' The Shiba Inu marketing lead maintains that the market has a way of winnowing pretenders from the scene, ensuring that only projects with real value survive.
Crypto Project's Survival Depends on Utility
Although Lucie mentioned no specific crypto project, her message aligns with earlier warnings about crypto survival. The crux of the message is that not all cryptocurrencies will remain solvent by 2026. Thousands of projects will battle for survival, and only those with real-world utility will make it. Current market sentiment toward Shiba Inu remains largely positive.
Shiba Inu Market Situation
At the time of writing, general market sentiment on Shiba Inu was 79% bullish and 21% bearish despite its low price performance. Shiba Inu was trading at $0.00001307, down by 3.87%, according to CoinMarketCap.
Lucie urges investors to carefully research cryptocurrency projects before investing funds to avoid losses from unreliable schemes. Only projects with real value and utility can survive in the long term.
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