I have noticed that some exchanges are accepting Shiba Inu deposits, but are not accepting Litecoin deposits, though Litecoin is popular among forum members. What could be the reason for the popularity of Shiba Inu and what are the transaction fees?
Why is Shiba Inu popular?
- Thread starter neku
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As i can say, maybe it is because of its value.
Shiba Inu was launched in 2020, in 2021 SHIB managed to achieve the title of most searched token on the Google search engine. So basically Shiba inu became famous because of its very strong community and drastically increasing user interest.
Shiba Inu is a trash coin to me. I would even call it a rug pull because they lured in a lot of investors while the price pumped, all of a sudden it crashed. I lost so much money investing in Shiba Inu.
I agree with it. It just follow Elon Musk twitter announcment. Most people have it and just wait moment when they will get rid of it. Nothing serious is in this projects.
How the coin crashed showed that it was a scam coin. All the pump BTC had from December till now, the coin didn't make any good move.
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Do people still use this coin? A lot of persons have either sold theirs of just simply abandoned it there. The coin did not meet up with the high expectations people had.
The Shibarium layer 2 network is the reason why this Shia Inu seems to be getting more hype than Doge now. It has NFTs and other applications built around it.
