Shiba Inu (SHIB) remains an important digital currency today but opinions on its longevity vary, per insights drawn from recent consultations with Google’s Gemini.
Despite its promise, some investors are skeptical about Shiba Inu’s future and the reasons are clear. Unlike traditional cryptocurrencies like Bitcoin (BTC) and Ethereum (ETH), Shiba Inu started as a joke, with utilities now being introduced into it along the way.
Despite the strides made along the journey, many are still unsure if its growth is sustainable. Pushing this curiosity on Gemini (formerly Google Bard), here’s what The Crypto Basic uncovered.
Shiba Inu in 2050, Yea or Nay?
When the question, “Will Shiba Inu be in existence in 2050?” was presented to Gemini, the AI chatbot gave two unique scenarios that showed the token will be in existence and also argued on thesis that suggests it would have faded out by then.
Gemini believes SHIB will last multiple decades if the cryptocurrency’s adoption continues to unfold and the development of its ecosystem is sustained. Gemini specifically emphasized development strides on Shibarium as a basis for growth.
The chatbot also noted that complements from the Shiba Inu metaverse and continuous community support can serve as a basis for growth in the long term.
The Chatbot’s arguments for why Shiba Inu will no longer be a trend in 2050 hinges on its high volatility that might make investors abandon it untimely. The growing competition may also serve as a major bane that might make Shiba Inu lose its relevance if it fails to keep up.
Lastly, the growing regulatory concerns might also fuel a drop in the viability of the Shiba Inu project in the long term.
Community Expectations Tell Different Story
Despite the divided opinion from Gemini, the market thinks differently as some members of the Shib Army are patiently HODLing their tokens until the certain targets are met, the 1 cent price mark is one of these ambitious targets.
For reference, the token is currently changing hands for $0.000009365, up 1.22% in the past 24 hours. The trading volume is down by 14% to $120,306,611 while the market capitalization per data from CoinMarketCap comes in at $5,521,215,856.
DisClamier: This content is informational and should not be considered financial advice. The views expressed in this article may include the author's personal opinions and do not reflect The Crypto Basic opinion. Readers are encouraged to do thorough research before making any investment decisions. The Crypto Basic is not responsible for any financial losses.
