Greetings from Planet Crypton, crypto enthusiasts.
Disclaimer: Please take note this is all just a product of my objective opinion, definitely not financial advise. I'm just letting my imagination run wild. This is a personal blog after all.
I just want to bring out some questions I have about Shiba. I have never seen a coin that rose so fast and found a big community so fast. Just really mind boggling... in a good way.
The reason I bought Shiba was because of Elon's tweet at that time:
"I’m getting a Shiba Inu #resistanceisfutile"
- Elon Musk (
@elonmusk) March 14, 2021
Then Elon Musk was even set to appear on SNL at that time, and as the day of his SNL appearance was getting nearer, the price kept pumping.
Then there was the rug pull when Vitalik Buterin dumped coins that was lodged on his supposed dead wallet.
Question 1: How did the Shiba devs knew a certain wallet was Vitalik's wallet? Did Vitalik say in any publication that this wallet address is mine?
Two things come to mind, it's either someone close to Vitalik disclosed it or Vitalik gave it away himself.
Question 2: Isn't Elon Musk's tweet about wanting a shiba inu dog very coincidental? Was the tweet really referring to Doge coin or to Shiba Inu?
My best guess is that it could only be referring to Shiba Inu not Doge coin because he already has Doge coin at that point. I'm pretty sure "I want to have" is literally in future tense.
Another observation, the coin's meteoric rise of course can only happen if it is backed by some powerful money and the right hype. You could hype something but people would still not buy it and price will not go up, right? But then with some money backing it up, the hype then becomes more than a hype.
Come on, think about it, it's not easy to introduce a new crypto coin and get reception like Shiba did. Most likely even before it was released to the market, it was already planned, for it to go at guns a-blazing as it did. How many crypto coins that are in the doldrums of DEXes right now? Even though they are so cheap no one is minding them.
My conspiracy theory is that probably is that the Doge project isn't sustainable (keeping the price levels above $0.1) and the losses will be catastrophic if the major pumper of Doge cannot get out, and so a new plan has to be executed, and fast.
I think that is where Shiba and other coins come in (Elon and Akita). Since it will be bad for the cryptoverse to have a rug pull on Doge, my really best guess is it is going to go down gradually. But as this happens, Shiba will come to save the day.
Not really a bad plan, and pretty ingenious too. That's why I think Shiba is really possible to go a cent.
Now, this is the kicker, there is now a Shiba/Doge pair. I think that is one way of swapping for Doge holders to Shiba.
Now if Doge was able to go to 70+ cents, now with Shiba's being a more improved version can have the means to safely land on the Sea of Tranquility (go to $1 I mean).
So guys, if you missed riding the rocket named Shiba, there is still the spacecraft called Dogelon Mars. Dogelon Mars will not go to the moon, but to Mars, a much farther destination.
Wait, where does the rug pull fit in? Well, the donation to India was really a masterstroke. It gave Vitalik an avenue to dispose of the coins and make Shiba look good at the same time.
With Shiba being an ERC-20 token, this also bodes well for the Ethereum network. So many gas fees are being paid every time Shiba Swap is being used for now.
There's also talk of Shiba having its own blockchain in the works, and so that means they knew that Shiba will grow so big that they have to disengage Shiba from Ethereum eventually. Shiba is probably going to be the future of DeFi if Ryoshi's vision is followed.
The only thing I have still to figure out is who is Ryoshi. Who is Ryoshi?