With Shiba Inu (SHIB) still riding the wave of meme-driven momentum, the main question on investors’ minds is: can it eventually reach the fabled $0.001 mark by 2025? While SHIB has carved out a formidable position in the memecoin ecosystem, analysts caution that whale dump risks and a shifting market mood in favor of Layer 1 utility tokens such as Hedera (HBAR) may hold the key to the crypto’s future.
Shiba Inu (SHIB): Path to $0.001 or Plateau?
Shiba Inu has a large community and a whole suite of projects, including Shibarium, a Layer 2 solution that’s supposed to scale its ecosystem. With the price of Shiba Inu tokens currently at $0.00002, SHIB has a significant market cap of $14 billion.
In terms of the $0.001 price tag, analysts claim that this is quite unlikely for SHIB. The 50x rally would result in a $500 billion market cap, exceeding Ethereum’s.
While historically, Shiba Inu has thrived on hype cycles, institutional investors are already pivoting towards utility-based projects, so SHIB’s journey toward $0.001 may run out of steam.
Although some innovative projects have been developed, Shiba Inu continues to remain dependent on speculation. Large holders with SHIB whale activity pose a considerable risk that can tip prices in the wrong direction.
Hedera (HBAR): The Utility Token Stealing the Spotlight
Hedera (HBAR) is a Layer-1 blockchain underpinned by its proprietary Hashgraph consensus mechanism – transactions are ultrafast, transaction fees are minimal, and scalability is unrivaled. This makes it a preferred choice for both, enterprises and decentralized application (dApp) developers.
Since the beginning of 2022, there is elevated demand for Layer-1 tokens as the market prefers projects providing real world utilisation. Hedera’s partnerships with massive companies like Google and IBM certainly add to its credibility, and will likely make HBAR a good long term investment.
Currently trading at $0.27 HBAR, it has experienced a 6% increase in value due to rising institutional adoption. According to analysts, Hedera could break $0.40 in the following market cycle, with a potential ATH rally if broader adoption is achieved.
DTX Exchange: The Hybrid Layer-1 Contender
In this buzz of Layer-1 solutions, DTX Exchange (DTX) is the dark horse able to shake up the $10 billion global trading market. DTX Exchange is a proprietary hybrid blockchain combining features of centralized and decentralized exchanges to bridge TradFi (Traditional Finance) and DeFi (Decentralized Finance).
DTX Exchange is built to solve real world problems including financial inclusion and access to more than 120,000 asset classes. Having raised over $11 Million in the DTX presale to have token worth $0.14, DTX Exchange holds the promise of becoming one of the best performing altcoin in the next bull market.
Conclusion: The Case for Layer-1 Utility Tokens
Shiba Inu (SHIB) won’t hit $0.001 anytime soon, with a risk of speculative danger to the bearish investors. Hedera (HBAR) and DTX Exchange (DTX) provide strong utility and long-term growth potential. With emerging times, the mood towards the crypto market is shifting more towards the side of utility-driven projects. For those looking to get the best possible deal, DTX is offering, for a limited time only, a bonus code ‘BLAST’ to double your deposit on the DTX Exchange!
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