Shiba Inu is currently at odds as its value and development seem to have been stuck

Shiba Inu is currently at odds as its value and development seem to have been stuck
Key Points:
Shiba Inu might plummet further
The selling Shiba Inu whales to dip the price
Bitgert remains a big Shiba Inu threat
Crypto analysts are warning that Shiba Inu might continue to disappoint investors who believed the coin might do 10x in the next one year. The future of SHIB does not look good if the past 6 months’ performance is anything to go by. The Shiba Inu coin has been plummeting non-stop since November 2021, and crypto analysts are saying things might worsen in the coming weeks.

The bear market, if it continues, might make things worse for the Shiba Inu project. This is after looking at how the coin has been performing during the past bear markets. The bear market will plunge SHIB lower just like the past few ones have done.

The impact of the bear market is closely associated with the huge number of selling whales. There is an increasing number of Shiba Inu whales selling, and this could be the biggest hindrance that will make it impossible for the Shiba Inu to reach 10x in the next year. The bear market has been the biggest trigger for the high number of selling whales.

The other big factor reducing the Shiba Inu chances of doing 10x is tough competition from more attractive crypto projects. The biggest competitor for the Shiba Inu project has been the Bitgert (BRISE). Here are some interesting facts about Bitgert:

Bitgert