I see valid arguments defending Shiba Inu and arguing about the DeFi solutions they offer. To me all that is valid, as valid as any other DeFi protocol token, like pancake or bunny or uniswap or anything like that.

Where I criticize SHIB is because they started marketing themselves CLEARLY copying DOGE strategy. A cute dog memecoin.

Of course, SHIB has more functionality. The problem with SHIB is that it does not have its own blockchain!

DOGE has its own blockchain, and their transaction fees are very, very cheap!

While SHIB works inside another blockchain, Ethereum. While this gives them DeFi advantages, this also makes DeFi transactions prohibitively expensive.

Since they are, undeniably, riding the DOGE memecoin hype but with the advantage of having a DeFi ecosystem, if their DeFi ecosystem becomes prohibitively expensive then they have lost their advantage, and they lose to the original DOGE because the original has been around longer and was the first.

Just like Ethereum trying to compete with Bitcoin. Ethereum hs more functionality, but Bitcoin came first, so Bitcoin is number one in market cap. Ethereum has prohibitively expensive fees so it loses its advantage and loses the first comer advantage. SHIB faces the same issue when trying to compete with DOGE because of the transaction fees and token age.

Now, if you wanna buy SHIB, go ahead, it can succeed or fail just like anything else. SHIB has been successful and I congratulate, sincerely, everyone that made a killing profit off of it.

The token is just not for my taste, I like cheap and fast coins. SHIB is expensive not because of its price, but because of its transaction fees. If you buy and send to your wallet you instantly take a loss because of the Ethereum transaction fees.