Shiba Inu: Cryptocurrencies such as Shiba Inu (SHIB) have experienced serious rises in a short time. A lot of people are about to retire with maybe $100 in investments. However, with SHIB now falling, investors started a new search. In this article, we will talk about the altcoin project that is likely to perform well in the long run and has solid use cases. Here are the details…
- 1 SHIB performed very well in 2021, but…
- 2 Why can bitcoin be the “coin of the future”?
- 3 The latest situation in the altcoin ecosystem
- 4 Share this:
SHIB performed very well in 2021, but…
The Shiba Inu (SHIB) had an outstanding bull run in 2021. At the beginning of 2021, the market cap of the popular meme coin was so small that it barely even registered on CoinMarketCap or CoinGecko. By October though, the Shiba Inu outstripped Dogecoin (DOGE). It was ranked ninth by market cap for a short time. However, SHIB has suffered a lot from the recent crypto crash. Its price is down 85 percent from its high. The cryptocurrency, which saw $0.00008616 in October of last year, is now $0.00001209.
Meanwhile, the prices of most cryptocurrencies have seen significant losses in recent months as a change in economic conditions has made investors nervous about riskier asset classes. Nearly $2 trillion in value has disappeared from the overall cryptocurrency market. Still, many analysts are positive in the long term. In addition, crypto money prices, which are currently falling, are considered by some as a “buying opportunity”. We can cite Bitci (BITCI) as an example of a promising altcoin.
Why can bitcoin be the “coin of the future”?
Many experts thought that the crypto crash that started with Terra (LUNA) in May 2022 would also “eliminate meaningless projects” in the market. Therefore, there were even those who thought that the collapse in question was beneficial for the ecosystem. In this market where there are already more than 20,000 coins, not every project can be expected to fail. So, which coins should investors be looking at? According to many experts, the technology and team behind the coin need to be innovative, use case. It is thought that if the use case is solid, the coin will not easily exit the market.
Bitci (BITCI) is one such coin. BITCI, the token of Bitci Teknoloji and Bitci.com exchange, which was established within the body of Çağdaş Holding, is widely used. Bitci has become one of the largest Turkish cryptocurrency exchanges with a daily trading volume of close to one million dollars in the last 24 hours. There are over 60 cryptocurrencies on this cryptocurrency exchange, most of them in par with BITCI. We can say that many people are familiar with BITCI and its use is wide.
The latest situation in the altcoin ecosystem
Apart from the above use case, Bitci comes up with many partnerships. It supported sports clubs in Turkey with fan token partnerships. One of Bitci’s latest collaborations was Coritiba Football Club. The fan token project, which they developed jointly with Bitci, was offered for trading in mid-July.
On the other hand, the platform constantly organizes competitions for its users. Valuable tokens from the prize pool are awarded to users who make the most transactions in various pairs. For example, the purchase competition for the Turkish Motorcycle Federation’s token TMFT is currently ongoing. BITCI is also among the pairs to be traded.
So, as a result, the usage area of the altcoin project is quite wide. It continues to stand out with its partnerships and brings new tokens to the ecosystem. It makes it easy for many to support the community they love. Therefore, there is no reason why BITCI should not be the coin of the future.
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