Shiba Inu has evolved into one of the largest meme coins amidst fierce competition within the meme coin niche. Despite its status as a pioneer, Shiba Inu faces criticism from skeptics who anticipate a significant decline in its value in the future.

However, a crypto investor known as Crypto King disagrees with these critics, recognizing the vision and potential within SHIB that they overlook. In response to recent criticism of SHIB, Crypto King took to the social media platform X to challenge claims of Shiba Inu's downfall, asserting that "OG memes like $SHIB are bound to succeed."

Crypto King's rebuttal on X was prompted by a meme coin critic who predicts that the majority of meme coins will depreciate in the coming years, with only a few remaining in the top 50 cryptocurrencies. Surprisingly, the critic anticipates that Shiba Inu, currently the second-largest meme token and ranked 11th in market cap, will lose most of its $13 billion value.

In response, Crypto King dismissed these claims, suggesting that those holding such views are not well-acquainted with the market dynamics. With SHIB now listed on numerous centralized crypto exchanges globally, Crypto King believes it has gained significant traction among retail traders, establishing itself more firmly than critics realize. He analogized SHIB's established position among meme coins to that of gold compared to a recently discovered crystal of lesser value.

Shiba Inu continues to foster a vibrant community ecosystem, with its development team actively working to integrate real-world utility, moving beyond its meme coin status. Initiatives like ShibaSwap and Shibarium demonstrate SHIB's potential for practical use cases.

Currently trading at $0.00002317, SHIB has experienced minor losses of 2.84% and 6.19% in the past 24 hours and seven days, respectively. The cryptocurrency faces a key juncture, with IntoTheBlock's Global In/Out Of The Money Metric indicating significant resistance and support levels. Despite short-term fluctuations, a crypto analyst suggests that the $0.000023 price level generally serves as a demand zone for SHIB.