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- Shiba Inu (SHIB) and Bitcoin (BTC) share a strong correlation and resemblance, according to Lucie, the project’s marketing executive.
- Lucie emphasizes that just like Bitcoin, anyone can build around Shiba Inu, addressing concerns about the utility of Shiba Inu and its development efforts.
- Despite criticisms and bearish forecasts, Lucie affirms that SHIB is performing well and continuous building by true proponents will help the meme coin project achieve its goals.
Shiba Inu, the popular meme coin, shares a strong resemblance with Bitcoin, according to the project’s marketing executive. This article explores this correlation, the potential for community-led development, and the future outlook for SHIB amidst criticisms.
Shiba Inu and Bitcoin: A Strong Correlation
Lucie, Shiba Inu’s marketing executive, recently highlighted the strong correlation between SHIB and BTC. She noted that just like Bitcoin, no one is behind Shiba Inu, drawing a parallel between the anonymity of Satoshi Nakamoto, Bitcoin’s creator, and Ryoshi, Shiba Inu’s founder.
Community-Led Development: A Key Feature of Shiba Inu
Lucie emphasized the potential for community-led development around Shiba Inu. She addressed conversations about the utility of SHIB and the community’s frequent discussions about innovations that can expedite the burning of SHIB in a deflationary push. Lucie stated that anyone interested can design protocols to achieve this without fear of being stopped or censored.
Addressing Criticisms and Bearish Forecasts
Despite criticisms and bearish forecasts for SHIB, Lucie affirmed that many investors are already seeing 2-3x returns on their investment, depending on when they bought the token. She noted that continuous building by true proponents will help the meme coin project achieve its goals.
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Conclusion
Despite facing criticisms similar to those leveled at Bitcoin, Shiba Inu continues to perform well. With the potential for community-led development and a strong correlation with Bitcoin, the future outlook for SHIB remains positive.
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