What is the fate of SHIBA Inu, is this the end of the Road?

[gardentalk]

One of the most trending meme coin #Shiba Inu and Doge coin competitor has closed 4 day candle stick on Red now...the downward trend even looks more terrifying.

What's going on, any expert Technical Analyst on this one? Please, I would like to hear our opinions on this one.

[CryptoboyRamesh]

I am not an expert in technical analysis, but apparently the hype about the future of this currency has ended and the community has begun to realize how dangerous it is to join projects that do not carry any specifications that make the project ideal and useful for the prosperity of crypto. So I think it is better to research the classic currencies and do the calculations before investing!!!

[Noverti]

In my opinion, such a logical end will be for all meme coins. Anything that does not bring utility and convenience to this market will leave it after a while. This is one of his fundamental laws. Therefore, there is nothing to be surprised at.
It is still better to invest in conventional projects with a development perspective, such as Muzicoin.io. It is a technology created to develop the global phonographic market, with the concept of distributing cryptocurrency rewards through music and interactivity on the Muzi platform. You can now participate in the IEO of this project on the Coinsbit exchange.

[MrSpasybo]

Previously we only saw Shiba as a meme but their development team has plans to release their own DEX, Shiba has also been accepted as a form of payment at an institution. This has given SHIB real value in the economy. I believe that SHIB will become the main competitor of DOGE in the long term.