As Meme Hype Fades, Does SHIB Have the Fundamentals to Compete?

The meme-inspired cryptocurrency SHIB has seen its price stagnate and decline in recent months, which raises questions about its long-term viability.

As one redditor who day traded SHIB points out, the token has failed to reach new highs on its recent price cycles. After consistently hitting the 800 range earlier this year, SHIB has now repeatedly failed to break above the 750s. This series of lower highs points to weakening momentum and demand.

Some contributors attribute the lackluster price action to the stalled development of Shibarium, SHIB’s planned Layer 2 scaling solution. The failure to launch Shibarium on time has undercut one of the main bull cases for SHIB in the next bull market.

Others note that SHIB lacks the real-world utility and competent developers to drive sustained adoption. Unlike cryptos tied to robust ecosystems like Ethereum, SHIB remains primarily a meme token built on hype.

While speculation and hype can produce short-term rallies, long-term success depends on providing real utility. Without technical innovation or clear real-world use cases, SHIB risks fading into irrelevance during crypto winter.

With SHIB’s price chart flashing warning signs and development stalled, investors should be cautious before buying into the rallying cries of perma-bulls. Meme hype can only take a token so far before fundamentals matter. SHIB may continue to underperform until the team delivers tangible innovations. The meme magic appears to be wearing thin.

intelligent crypto
How are  regular people making returns of as much as 70% in a year with no risk?  By properly setting up a FREE Pionex grid bot - click the button to learn more.
Crypto arbitrage still works like a charm, if you do it right! Check out Alphador, leading crypto arbitrage bot to learn the best way of doing it.

CaptainAltcoin's writers and guest post authors may or may not have a vested interest in any of the mentioned projects and businesses. None of the content on CaptainAltcoin is investment advice nor is it a replacement for advice from a certified financial planner. The views expressed in this article are those of the author and do not necessarily reflect the official policy or position of


Torsten Hartmann
Torsten Hartmann

Torsten Hartmann has been an editor in the CaptainAltcoin team since August 2017. He holds a degree in politics and economics. He gained professional experience as a PR for a local political party before moving to journalism. Since 2017, he has pivoted his career towards blockchain technology, with principal interest in applications of blockchain technology in politics, business and society.