Leading meme currencies Shiba Inu, Dogecoin, and Pepe are down more than 90% from their all-time highs. DOGE has fallen by almost 90% since its peak of $0.73 on May 20, 2021. It is now trading at $0.05. SHIB is down 95% as well, having reached $0.00008616 at the end of October 2021. Pepe, on the other hand reached $0.00002803 in October last year but fell 91%.
Between 2020 and 2023, these three meme currencies dominated cryptocurrency. From 2024 forward, the price of these meme currencies has declined steadily, never regaining its former glory. Shiba inu, which competed with Dogecoin to be the number one cryptocurrency, lost greatly. The investors are those who have been hit the hardest, since all of their hopes and dreams to make millions are now shattered.
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What Can Shiba, Dogecoin and Pepe do to recover from here?
The recovery is unlikely, since meme currencies such as Shiba Inu have lost their appeal. Investors move their funds to assets linked with the advancement of artificial intelligence. Money is flowing into the AI industry, where there are many real-world applications. A new technology will reshape the next generation. An investment today could yield 10 times more. A number of AI companies are already delivering double-digit returns in less than 12 months.
Dogecoin, Shiba Inu and other meme currencies that made easy money are now history. Shiba inu will not be surprised if it adds another zero to its charts because of the current downturn. In order to earn money, the investors need to work hard. Only those taking a calculated risk can generate profits. Bitcoin and Ethereum are heading in the opposite direction.
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Source: watcher.guru
