Crypto Asset That Has Grown 47,387,400% This Year Could Become a Surprise Player in Ethereum Ecosystem, Coin Bureau Says

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Crypto analyst and Coin Bureau host might change their mind about Dogecoin copier (DOGE), Shiba Inu (SHIB).

In a new strategy session dedicated only to Shiba Inu, the Coin Bureau host known as Guy says that since Coinbase decided to list SHIB, he has started paying more attention to the asset.

“Shiba Inu is one of the cryptos in this category, and it’s the one I only ever mentioned in a negative context. But when I heard that Coinbase was going to list SHIB, I started to consider the possibility that there is more to Shiba Inu than it seems.

Shiba Inu, in part thanks to tweets from Tesla CEO Elon Musk, soared 47,387,400% after trading at $ 0.0000000008 on Jan. 1 to a record high of $ 0.00003791 on the 10th. May before going back down, according to CoinGecko.

The analyst suggests that SHIB may have strong ties to the Ethereum ecosystem. Unlike Dogecoin, Shiba Inu might have a serious development team, and its creator Ryoshi is a big name in the crypto space.

“Where Shiba Inu and Dogecoin differ is the connections they have with the crypto community. DOGE is really just a meme and nothing more … In contrast, SHIB is poised to become a major player in the Ethereum ecosystem by overcoming the shortcomings of Dogecoin. As community driven as Shiba Inu is, there certainly appear to be some very prolific people behind the project. “

The host of Coin Bureau says that while he is not entirely convinced by the project, he admires the fact that the coin meme tries to benefit all holders, not just those who got into the project early on. .

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