In recent months, Shiba Inu's price shows a decline in activity, while the new project Layer Brett attracts traders' attention.
Shiba Inu Price Prediction: Loss of Interest
Shiba Inu's price has been stuck around $0.00001255, remaining below its yearly highs. Trading volume is only $144 million, significantly lower than that of other tokens like Dogecoin and Pepe. Derivatives data also shows negative trends, with open interest dropping from $560 million to $186 million. The Shibarium ecosystem is facing challenges, with total value locked falling to $1.5 million.
Reasons Behind Layer Brett's popularity
Layer Brett stands out by combining meme culture with the practical utility of Ethereum Layer 2. Its advantages include ultra-low fees and instant transactions, solving Ethereum's congestion problems. Moreover, over $2.8 million has already been raised in presale, indicating high trader interest.
Comparing Shiba Inu and Layer Brett
When comparing Shiba Inu and Layer Brett, it's clear that the former is losing interest due to declining trading volumes and open interest. In contrast, Layer Brett is focused on the future, supported by strong community engagement and a potential growth forecast of 4,000% to 8,000% in the upcoming cycle.
As interest in Shiba Inu wanes, Layer Brett emerges as a new focal point in the meme token market, combining elements of entertainment culture with practical utility.
