Shiba Inu turns into privacy coin like Monero or ZCash?

[Zardbeig]

While it's true that using Monero correctly and taking appropriate precautions can reduce the risk of getting caught, it's important to recognize that no system is foolproof. Even if someone takes all the necessary steps to use Monero correctly, there may still be potential vulnerabilities that could be exploited by those with malicious intent.

[Marryan]

I am eagerly anticipating an update on the integration of the zero protocol into Shiba Inu, but I am beginning to doubt the feasibility of this implementation. The Shiba Inu community has been depending on the Ethereum blockchain for too long, and Shibarium has not lived up to its expectations. In my opinion, transforming Shiba Inu into a privacy coin through the zero protocol might not make sense. Instead, Shiba could consider issuing new assets on a more reliable and efficient blockchain like ZkSync.

[Freemind]

I think the main problem with Shina Inu is that its developers no longer know what to do to continue attracting the attention of new investors. There are several options in terms of greater privacy, one of those options is Monero as we already know, and although everything can be improved, Monere offers a lot of privacy. We only have to look for information on the internet to know that even the NSA published a report that talks about how robust the Monero blockchain is, and that not even their engineers are capable of penetrating that security.

Shiba Inu is a meme coin and was designed and released to make quick money while the whales wait for new investors, the most recent example being Pepe.

[Zardbeig]

I think the main problem with Shina Inu is that its developers no longer know what to do to continue attracting the attention of new investors. There are several options in terms of greater privacy, one of those options is Monero as we already know, and although everything can be improved, Monere offers a lot of privacy. We only have to look for information on the internet to know that even the NSA published a report that talks about how robust the Monero blockchain is, and that not even their engineers are capable of penetrating that security.

Shiba Inu is a meme coin and was designed and released to make quick money while the whales wait for new investors, the most recent example being Pepe.

I don't think it will get more trust as it will still remain a meme coin first of all. Moreover, I don't believe that an open coin can be really transferred to a privacy coins. There will be still some lacks of security and privacy.

[Freemind]

I don't think it will get more trust as it will still remain a meme coin first of all. Moreover, I don't believe that an open coin can be really transferred to a privacy coins. There will be still some lacks of security and privacy.

The problem of Shiba Inu "converting" into a private oin like Monero, for example, would be a waste of time and money. They should create their own blockchain, run endless tests for months, get funding to do all of that. So they should do a very complicated swap (how many Shiba Inu holders are there). After doing all that (which would be a miracle) they should have the acceptance of users and new investors. But none of that is going to happen, there are truly private alternatives on the market with years of development behind them and a community that offers full support.

[Marryan]

I think the main problem with Shina Inu is that its developers no longer know what to do to continue attracting the attention of new investors. There are several options in terms of greater privacy, one of those options is Monero as we already know, and although everything can be improved, Monere offers a lot of privacy. We only have to look for information on the internet to know that even the NSA published a report that talks about how robust the Monero blockchain is, and that not even their engineers are capable of penetrating that security.

Shiba Inu is a meme coin and was designed and released to make quick money while the whales wait for new investors, the most recent example being Pepe.

That's what I'm talking about, too. The idea of declaring yourself a future private coin is just an attempt to get attention. While we're in a bear market, they're in no hurry to pump their token to sell it to the hamster. But they need to stay visible and that's why they use news like this.

[Zardbeig]

Bear markets can be challenging, but they can also be an opportunity for investors to take a more cautious and critical approach. By carefully assessing the merits of a project and considering its long-term prospects, investors can make more informed decisions and avoid falling victim to manipulative or short-term strategies.

[Marryan]

Yes, you're absolutely right about really big capital being built in a bear market. By investing consistently during a bear market, you get to see strong growth in your cryptocurrency portfolio in the future.

[mike.shosho]

I think you're right. But I prefer to invest in new coins, cause they are more profitable, especially RADIX, invested there not very long time ago, and can say that they have pretty cool staking system and airdrops. Let's talk about this fantastic project

[Zardbeig]

I think you're right. But I prefer to invest in new coins, cause they are more profitable, especially RADIX, invested there not very long time ago, and can say that they have pretty cool staking system and airdrops. Let's talk about this fantastic project

Can you share more details please? As I'm just looking for new promising coins to invest.

[tsakf]

However, I would argue that the cryptocurrency market is constantly evolving, and new privacy coins with innovative solutions may emerge in the future. While it may be challenging for new privacy coins to gain traction, it's not impossible.

It's important to remember that different privacy coins may have unique features and use cases that may appeal to different types of users. As the demand for privacy and anonymity in cryptocurrency transactions grows, we may see an increased adoption of new privacy coins that offer improved features and security.

I hope that someday there will be one cryptocurrency that can satisfy all the needs of users. Now many projects are being created and maybe over time, most of the shortcomings of cryptocurrencies will be eliminated, and there will be one, which will suit everyone.

I do not think that this can happen. Different people, need different clothes. I need more than one coin, because of different use cases.

[tommynine]

start from meme, become money?🤔

[Marryan]

start from meme, become money?🤔

It's a very interesting way to go. But really, it's just news that may never become true. It will be good if they are remembered at the next bulran.

[Sophie Robert]

Shiba Inu (SHIB) Price Prediction for June 2023

• The CoinMarketCap community expects an average price of $0.00001111 for Shiba Inu ($SHIB) on June 30, 2023, a +62.91% increase from the current price.
• The crypto community's SHIB price predictions over the previous six months have averaged 83.95% accuracy, giving them a viable alternative to AI platforms.
• Despite optimistic price forecasts, Shiba Inu lost approximately 40,000 holdings in three days.
• Overall, Shiba Inu has made small progress despite regulatory pressure and lawsuits against major exchanges, the SHIB community is bullish on the token's valuation.
  

[Zardbeig]

I do not think that this can happen. Different people, need different clothes. I need more than one coin, because of different use cases.

I also have few coins in my wallet, but half of them are privacy coins that are mass delisted now from top exchanges. So where should I move in order not to lose them?