Talking on the ongoing meme coin war in the crypto world, Waseem Mamlouk, Vice President of Capital Markets, evaluated the probability of Shiba Inu (SHIB) making 10 times.
Waseem Mamlouk: I would say close to zero!
Referring to the meme coin wars and its future, Waseem Mamlouk says:
The fact that Shiba Inu (SHIB) does 10X from here means that most investors in the crypto market will have to choose. There are tokens and projects that are extremely successful and used much more. For SHIB this is extremely unlikely and I would even say the probability of this happening is close to 0 percent.
Waseem Mamlouk reviews use cases:
Even if the project is temporarily pumped into sufficient liquidity to raise its market value even further, it will still not be a viable platform or any service technology.
Can the Shiba Inu be a store of value?
Mamlouk interprets Shiba as a store of value:
As for the store of value, we already have Bitcoin, the king of them all, and something like Shiba has absolutely no chance of coming close. Meme coins and meme coin conflicts in general are not necessarily constructive for the overall market, as they do not create real value in terms of utility or real features that can be used to create better use cases for crypto globally, and so that’s their value. All of them are destined to disappear one day.
Cryptocoin. com You can take a look at the conflict between Shiba Inu (SHIB) and Dogebonk (DOBO) here.