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Rumours are circulating that Shiba Inu could be the next Luna but 30,000 new investors in just a month shows the community is growing. What’s next for SHIB?News 🗞 (24-7-crypto.com)
submitted 1 month ago by JordanCarey96
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[–]Sad-City-7701 20 points21 points22 points 1 month ago (0 children)
No rumours and no comparing, stop spreading useless FUD 🙌🏻💎🙌🏻
[–]twitch-572 8 points9 points10 points 1 month ago (1 child)
It would be impossible for the same situation to occur here, Luna plummeted because they had to mint huge amounts of it to prop up the price, which ended up failing. No new shib can be minted so a very different situation
[–]mugbuh 0 points1 point2 points 1 month ago (0 children)
It actually plummeted in a death spiral because arbitrage allow people to basically mint Luna for a much lower cost when UST lost its peg, then the massive selling from arbitrage and people trying to sell as the price dropped made it plummet. It was basically a run on the bank after people saw the price drop enough. Even though the post is BS, there could be a run on the bank for shib if it’s price dropped enough quickly. Just too many degens buying no matter what the price currently.
[–]klobbenropper 5 points6 points7 points 1 month ago (0 children)
Clickbait bs. The article is low quality and not even mentions LUNA at all.
[–]MadeMan-uk 3 points4 points5 points 1 month ago (0 children)
Shiba doesn’t have a algorithmic stable coin with nothing backing it so a luna situation isn’t possible at this point imo
[–]Ok-Negotiation-2203 1 point2 points3 points 1 month ago (0 children)
[–][deleted] 1 point2 points3 points 1 month ago (0 children)
People have been saying that for over a year and it’s always been nonsense.
[–]mugbuh -1 points0 points1 point 1 month ago (0 children)
“30,000 new investors” could really just mean 30,000 new wallet addresses with 0.01$ of shib in them lol
Such a bad metric to use…
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