Shiba Inu (SHIB), the popular meme-inspired cryptocurrency, has gained a dedicated following known as the SHIB Army.
One member, Lola, recently shared their personal opinion on why they believe in Shiba Inu, highlighting 15 key points that contribute to their confidence in the token’s future.
What you'll learn 👉
Hong Kong’s Recognition of SHIB
Hong Kong, a major Asian financial hub, has listed SHIB as an accepted legal digital asset. As Hong Kong is part of China, this recognition required approval from the Chinese government. If Hong Kong passes legislation for a Bitcoin ETF, it could lead to a significant increase in demand for cryptocurrencies, including SHIB.
Robinhood’s Listing and Institutional Backing
Robinhood, a popular trading platform in the USA, has listed SHIB as one of only 15 cryptocurrencies out of over 20,000 in the market. Major organizations like Vanguard, Fidelity, Blackrock, and Citadel are backing Robinhood’s holding of 20 trillion Shiba Inu tokens, indicating long-term investment interest.
SHIB’s Compliance with the Howey Principle
SHIB has passed all the Howey Principle tests, which determine whether an asset is considered a security. This compliance reduces the risk of regulatory challenges from the SEC, unlike some other tokens that involve cloud mining in the USA.
Decentralization and Web3 Integration
SHIB is entirely decentralized on the Ethereum platform and supported by multi-blockchain technology, including secure computing, SaaS integration, and the entire web3 interface. Coinbase has delisted BTC and DOGE on their Coinbase Pay, focusing on ERC20 tokens like SHIB.
Accessibility and Global Reach
SHIB is listed on more than 90 known centralized exchanges (CEX) and even more decentralized exchanges (DEX), ensuring widespread accessibility and global reach.
Adoption by Visa and MasterCard
Many CEX have added SHIB as an alternative currency for their Visa and MasterCard, enabling integration with payment-as-a-service platforms like Google, Apple, and PayPal.
Ryoshi’s Creation of Shiba Inu
Ryoshi created Shiba Inu for the community, similar to how Satoshi Nakamoto created Bitcoin.
100% Circulating Supply
All SHIB tokens are currently in circulation, with no free airdrops for influencers. This high retail supply makes it more difficult for single entities to control the token’s price.
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Show more +Bitcoin ETF and SHIB’s Correlation
As the volume of Bitcoin ETFs increases, SHIB is likely to follow Bitcoin’s price movements due to its algorithmic similarities.
SHIB Army Community
The SHIB Army is a dedicated and focused community that serves as the token’s superpower.
Halfway to All-Time High Market Cap
SHIB’s current market cap of $20 billion is just halfway to its all-time high of $45 billion.
Deflationary Token
SHIB’s burn mechanism, combined with global demand and high volume, contributes to its deflationary nature, helping to fight inflation.
Retail Mindset and Affordability
Even if SHIB reaches $0.01, it remains affordable for anyone to hold and use for everyday purchases, making it an ideal digital currency.
Security and Compliance
As an ERC20 token, SHIB can integrate SOC compliance and other security requirements for enterprise, institutional, and retail use, leveraging Zero Trust Architecture and interoperability with Network as a Service platforms running on Ethereum nodes in the AWS cloud.
Agnostic and Interoperable
SHIB can work with any private or public blockchain, ensuring broad compatibility and future-proofing.
These 15 points highlight the various factors that contribute to Lola’s belief in Shiba Inu’s potential as a digital currency and investment opportunity. As the cryptocurrency market continues to evolve, the SHIB Army remains confident in the token’s ability to thrive and gain widespread adoption.
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