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SHIB leader Lucie deciphers Shiba Inu’s advantage over its younger peers as canine cryptos fight for dominance.
Shiba Inu ($SHIB) is a popular meme crypto token that gained significant attention during the bull phase of 2021, following a tweet by Elon Musk, one of the richest personalities. At that time, Dogecoin (DOGE) was trending worldwide under Musk’s influence, which helped SHIB gain massive attention. However, SHIB is no longer just part of the meme culture, as its leadership has introduced multiple innovative crypto projects to bring practical use cases for the token.
Recently, Shiba Inu token leader Lucie took to X (formerly Twitter) to discuss the popularity of new meme tokens, which he believes are not as strong as Shiba Inu.
Lucie expressed his disapproval of comparing any token to SHIB based on minimal achievements, calling it misleading to claim a token’s success simply because of “SHIB people behind it.”
He emphasized that real assets tied to SHIB include BONE, LEASH, SHIB, Shib the MV, Shiboshis, and the upcoming $TREAT token, set to launch in the coming months.
Lucie highlighted the ongoing efforts of SHIB’s community in supporting and building the ecosystem, noting that true loyalty and commitment are evident in this space. He advised people to focus on statistics and blockchain data, dismissing other claims as mere noise.
On-chain data showed that in March 2024, Shiba Inu nearly matched Dogecoin in global crypto rankings, hitting a peak value of $21.7 billion. Both communities have 3.5 million followers on X. However, Shiba Inu and Dogwifhat have since dropped over 70%, while Dogecoin saw a less volatile 57% decline, though it underperformed during the meme coin rally.
Shiba inu price action
The current trade price of Shib token is $0.000013 & this price is 36.5% down over the last 3 months of period.
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