Experts Say They Feel Sorry for Shiba Inu and are Staying Away from It

Experts in the crypto community have expressed sympathy for Shiba Inu, a popular meme coin, and are advising investors to stay away from it despite recent price gains. While Shiba Inu has experienced a rebound in price, trading 48.91% higher than its recent low, critics are concerned about its excessive circulating supply. The burn rate for Shiba Inu tokens has decreased in the past 24 hours, causing further worry among experts. Computer systems engineer, Charu Bey, feels sorry for Shiba Inu and compares it to the dissatisfaction within the LUNC community. Bey believes that the widely touted 1 cent dream for Shiba Inu is far-fetched. Another widely followed community figure, Sajad, has also decided to stay away from investing in Shiba Inu and other older meme coins. Sajad believes that newer meme coins have better potential for higher returns in the current market. While some analysts anticipate Shiba Inu to peak around $0.0001, newer meme coins like Dogwifhat (WIF) have already experienced significant growth and are expected to continue surging.