Shiba Inu in Media: What Do the Masses Think of SHIB?

Viral meme coin or crypto scam? The general public weighs in.

Kids watching shiba inu on television.
Created by Kornelija Poderskytė from DailyCoin

Everyone in the crypto space knows about SHIB, but what does the rest of the world know about it? While the crypto community confidently throws around terms like Shibarium and ShibaSwap, the masses probably think that Shiboshis are a small mountain range in rural Japan.

When news outlets and the general public talk about Shiba Inu in media, do they see a vibrant and fun meme coin uniting online communities? Or do they see a ticking time bomb waiting to be labeled the latest crypto market scam?

Why Does Shiba Inu Appeal to the General Public?

While Bitcoin (BTC) and Ethereum (ETH) are undoubtedly the world’s best-known cryptocurrencies, these digital asset heavyweights aren’t always the most popular amongst the general public.

In some cases, newcomers to the blockchain industry are originally attracted to meme coins like Dogecoin (DOGE), Shiba Inu, and Bonk (BONK)

Why can meme coins attract so much attention while established digital assets with tangible use cases can still be overlooked?

Shiba Inu logo.
Source: Shib.io

There are two main factors contributing to this belief. Primarily, meme coins are far more volatile than industry staples like BTC and ETH, which means that if they appreciate the profits, they are likely to be greater than what we would expect from coins with much higher liquidity and valuations.

Additionally, meme coins are a far simpler concept for beginners; instead of needing to educate themselves on the ins and outs of blockchain technology and the expansive use case of other coins, betting on a meme coin and a vocal, supportive community.

Different Examples of Shiba Inu in Media

Over the years, we’ve seen various examples of Shiba Inu in media. Unsurprisingly, opinions are mixed, with some players calling the beloved meme coin nothing more than a scam, while others claim it could even “take over Bitcoin.”

SHIB Shillers

Within the crypto community, you’ll likely see far more SHIB shillers and supporters than nay-sayers. In the grand scheme, meme coins like Shiba Inu going viral and reaching mainstream channels are arguably a plus for cryptocurrency and blockchain adoption.

Sometimes, the Shiba Inu bull posters even make their way into influential sites that hold sway outside the crypto space. For example, a sponsored article made it into the Washington Times.

The article is a thinly veiled attempt to promote Shiba Inu to the masses, with ridiculous claims like “Shiba Inu is substantially less expensive than Bitcoin… investors without thousands of dollars to invest in the cryptocurrency market can access it more easily.”

The author gets even more brazen, pushing SHIB without any hint of objectivity. The piece claims that “purchasing Shiba Inu is a no-brainer really.” Of course, it’s worth mentioning that despite appearing in the Washington Times, this article was a sponsored piece and doesn’t reflect the views of the publisher.

Neutral Explainers

Against all odds, Shiba Inu has permeated into the traditional financial world. We see this both from SHIB being listed on mainstream exchanges like Robinhood and eToro and in Shiba Inu coverage provided by some of the biggest names in finance.

SHIB mentioned in Forbes article.
Source: Forbes

Everyone from news sites like CNBC and FOX News to financial analysts like Forbes has given Shiba Inu plenty of airtime. Fortunately, these outlets have been reasonably responsible with their coverage, highlighting Shiba Inu as an intriguing opportunity in an emerging market but highlighting the risks.

These publishers tend to stick to objective analysis and explore the crypto asset’s price history and upcoming catalysts.

Shiba Inu Detractors

Finally, Shiba Inu in the media isn’t always sunshine, rainbows, and balanced analysis. Some corners of the internet, especially those who first heard about SHIB towards the tail-end of 2021, have profoundly negative opinions about Shiba Inu.

These posts can normally be found on social media instead of mainstream media, but they’re worth exploring. The depths of Reddit forums and X accounts reveal a cohort of people who are likely down horrendously on their investments and have turned instead to calling SHIB a scam rather than assuming any responsibility.

Shiba mentioned in a comment on reddit.
Source: Reddit

Fortunately, Shytoshi and the Shiba Inu development team have put the crypto project on their backs and built out a range of products and services that mean no one can argue that SHIB is actually a scam.

Shiba Inu in Media: Watch Out for Echo Chambers

Seeing Shiba Inu in the media, whether social or professional, can be a euphoric experience for the SHIB Army. The Shiba Inu community has made its presence known over the years, which is perhaps why SHIB has enjoyed its considerable growth.

While having a strong community is generally considered a positive, it’s important not to get trapped in an echo chamber. Staying objective and seeking balanced opinions is crucial to ensuring you don’t get swept up in the hype.

On the Flipside

  • Never forget that Shiba Inu is a meme coin and relies more heavily on its media presence than coins like Ethereum or Bitcoin. Don’t be overwhelmed by sensationalized posts and social media chatter.

Why This Matters

SHIB is one of the most popular digital currencies in the crypto market, meaning that you can expect to see Shiba Inu in the media frequently. Learning to separate media noise from your own thesis is a key part of staying objective in the crypto space. 

FAQs

Why are Shiba Inus so popular?

Shiba Inus are the iconic dog breed made internet-famous by the ‘Doge’ meme in 2013.

Will Shiba Inu coin reach $1?

Nothing is impossible, but it is exceptionally unlikely that Shiba Inu coin will reach $1 USD.

Who is using Shiba Inu coin?

Shiba Inu coin is mostly used by younger crypto enthusiasts and investors.

This article is for information purposes only and should not be considered trading or investment advice. Nothing herein shall be construed as financial, legal, or tax advice. Trading forex, cryptocurrencies, and CFDs pose a considerable risk of loss.

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Author
Finn Miller

Finn Miller is a New Zealand-based blockchain writer for DailyCoin who specializes in simplifying complex blockchain topics. He is experienced in crafting whitepapers, researching on-chain data, and advising emerging crypto projects, and uses his unconventional approach to learning and passion for knowledge to provide cornerstone educational content for readers of all levels. When not exploring the depths of DeFi, Finn can be found exploring his other passion, the great outdoors.