Shiba Inu is one of the oldest memecoins and popularly called the Dogekiller among the memecoin community. Shiba Inu has gathered a dedicated community with time. It has a hierarchy of multiple coins serving different purposes but its native coin SHIB is the most prominent.
The Shiba Inu ecosystem has a brimming economy led by Shibaswap, Shibarium and other protocols running over it. The coin is also associated with charities associated with dogs. Besides, the coin has gained adoption and partnerships from quite a few names.
This articles takes a look at the Shiba Inu coin price performance today and ohw it is going to perform in the coming weeks.
How does Shiba Inu price action look like Today
Shiba Inu price action is riding high on the Bitcoin price momentum. The coin had been trading at $0.000009 a few days ago. On February 26 the coin price starting gathering heat and rose to its current price of $0.000013. Shiba Inu coin price has declined by 4.5% in the last 24 hours but has seen a 34% increase in the last seven days.
Experts predict a 300% rally for the coin. But that seems likely in the coming days as the coin’s price is moving in the bearish zone with its MACD levels showing a sell signal and 30-day moving averages also showing a sell signal.
Shiba Inu’s RSI is in the neutral zone and showing a ̥overbought signal. The coin may likely pick momentum but there are more coins performing better than the DogeCoin killer and offering multiple use cases.
Is Bitgert a strong contender to Shiba Inu
Bitgert is a layer-1 chain which offers up to 100k TPS at negligible fees while offering high scalability and security. It has a full fledged ecosystem with ba CEX, P2P exchange, payment gateway, and DeFi and NFT protocols continuously being built. Protocols can launch their own token on the Bitgert blockchain.
The blockchain recently integrated with Forward protocols and user can earn BRISE tokens by using Sphynx Labs hyper pools that add liquidity to the ecosystem. Bitgert offers a full suite of products and is one of the fastest growing communities in the L1 landscape.
Conclusion
While Shiba Inu has been there for the longest time and is definitely one of the oldest memecoin-cum-L2 ecosystem, it cannot match the innovation and traction that Bitgert is gathering at a lightning pace.
Bitgert blockchain has processed 25 mililon transactions os far and has 600k plus community members already. BRISE coin or any token price sees exponential gains when adoption increases and networking effects take place. The exact same is happening for Bitgert.
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