Why Shiba Inu May Not Achieve 100x Growth Unlike BEFE Coin

The post Why Shiba Inu May Not Achieve 100x Growth Unlike BEFE Coin appeared first on Coinpedia Fintech News

Shiba Inu is a meme coin inspired by the adorable canine Shiba. Shiba Inu price has often shown dramatic growth in recent years, followed by long slump hauls. However strong the rally of Shiba Inu’s coin price has been, 100x still seems a bit far-fetched for Shiba Inu at this point. In this article, we will explore why achieving a price 100 times its current value might be an uphill battle for Shiba Inu at this point while contrasting it with an up-and-coming coin that is projecting some series potential. 

Shiba Inu’s Roadblocks to 100x Growth

Shiba Inu’s astronomical circulating supply, exceeding 549 trillion tokens, presents a major obstacle. Even a minor price increase necessitates a monumental inflow of capital. In contrast, BEFE Coin boasts a considerably lower circulating supply, potentially allowing for a higher price point with a smaller influx of investment.

Additionally, while Shiba Inu enjoys a passionate community, its real-world applications are scarce. Primarily functioning as a speculative investment, its price heavily relies on market sentiment and fleeting trends. BEFE Coin, on the other hand, is actively carving a niche within the decentralized finance (DeFi) landscape, offering functionalities like staking and lending. This potential utility could offer more enduring price support compared to Shiba Inu’s dependence on hype.

Shiba Inu is renowned for its dramatic price swings, making it a high-risk investment for many. This volatility discourages potential investors seeking stability and long-term growth. BEFE Coin, although susceptible to market fluctuations, might exhibit some relative stability due to its smaller supply and focus on building a functional DeFi ecosystem.

Shiba Inu: A Long Road to 100x, While BEFE Coin Positions for Growth

BEFE Coin’s lower circulating supply, targeted utility within DeFi, and a potentially smaller yet engaged community compared to Shiba Inu’s massive fanbase could contribute to a more sustainable price trajectory. However, it’s crucial to remember that BEFE Coin is a relatively new project with its own set of inherent risks and uncertainties.

The Road Ahead

Both Shiba Inu and BEFE Coin face their own unknowns. While achieving a 100x price increase might be improbable for Shiba Inu due to its immense supply and limited use case, BEFE Coin, with its focus on utility and a smaller supply, might hold more potential for significant growth.